One of the many questions I get as a tax and financial advisor is what business structure to choose when you are starting a business. Liability notwithstanding, a big determining factor...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
I remember it was the last semester of college and had a full blown case of senioritis. I was working on my final project for my capstone business course regretting that I had waited...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
Taxation, in itself, is not a bad thing. At some level, your taxes will pay for something that benefits the general public that no other entity would pay otherwise. However, the overpayment...
Posted by John Pournaras Agency on 01/02/2020
Changing jobs in today's economic climate is no small task. Not only did you get the attention of your new employer with your CV, but beat the competition for the position which...
Posted by John Pournaras Agency on 01/02/2020
Roughly $61 billion in EITC was given to 25 million eligible workers and families in 2019, according to the IRS. The Earned Income Tax Credit (EITC) is a tax credit that is refundable...
Posted by Flynn Financial Group Inc on 12/29/2019
When it comes to who you can claim as a dependent on your tax return, the Internal Revenue Service (IRS) defines “relative” somewhat loosely -- that is the good news. The...
Posted by LLOYD J CAZES CPA on 12/28/2019
For an “injured” spouse to regain the share of a joint return, they must file Form 8379. This is the case when a past-due obligation of the other spouse was applied by...
Posted by LLOYD J CAZES CPA on 12/28/2019
Although it may seem little, the interest you earn during the year is not tax-free. The interest is subject to the same tax rates as the rest of the income.Sources of interest income...
Posted by LLOYD J CAZES CPA on 11/25/2019
