Americans dread an IRS audit because individuals charged with tax fraud charges could be fined up to $250,000 ($500,000 for corporations), end up in jail for up to five years, or...
Posted by RONNIE@RLDARDENCPA.COM on 06/14/2017
If you didn't know, you can sell your house, make a profit on it, and not get taxed for the money you make. Not sure how this works? Well, we'll help you understand. Individuals...
Posted by CROMWELL & ASSOCIATES, LLC on 06/07/2017
As a small business owner, you can make your taxable profit lower by claiming small business deductions. While you, or the accountant you hire, prepares your business tax return,...
Posted by CROMWELL & ASSOCIATES, LLC on 05/31/2017
Americans dread an IRS audit because individuals charged with tax fraud charges could be fined up to $250,000 ($500,000 for corporations), end up in jail for up to five years, or be...
Posted by Maureen Thielen, EA, MST on 05/17/2017
Small businesses purchase equipment to use in offices and to perform services or manufacture a product. It can be difficult to determine whether a piece of equipment should be expensed...
Posted by PB Tax & Accounting Services on 05/17/2017
The tax reform proposal coming from the Trump administration includes another two dependent care deductions that will benefit families paying for child care. The first proposed tax...
Posted by Advantage Tax Service on 05/09/2017
Fees paid to attorneys, accountants, and other independent professionals or contractors can be deducted as "necessary and ordinary" business expenses. This comprises system analysts,...
Posted by RONNIE@RLDARDENCPA.COM on 05/09/2017
For anyone with a dependent, there are many different deductions out there that will give you a tax credit and reduce your tax payable. It is just a matter of finding which ones you...
Two of the most beneficial ways to lower your tax liability in 2017 are opening certain types of retirement and health savings plans. Adding and withdrawing funds is not subject to...
Posted by Joseph J. Gormley CPA on 05/08/2017
