Articles - Page 37

Choose Your Business—Types of Business Entities and What They Mean for Your Business

Starting your business is a big deal. You came up with the idea, found the funding that will get it off the ground, and are excited to get going. But before you can open the doors,...

Save money for college using the 529 plan

College is one of the largest expenses one will incur during their lifetime.  With college tuitions rising steadily each year, and enrollment seeing a huge increase in the last...

ABLE Accounts and Your Taxes – What You Need to Know

In 2014, the Achieving a Better Life Experience, or ABLE, Act was signed into law after passing through the House and Congress. The act allowed people with disabilities to establish...

Here are the 11 Ways you can use to save on Your Taxes This Year

AccountantIt is officially tax time – a crucial time to reminisce the previous year with an eye toward maximizing tax credits and deductions and significantly lowering your tax burden....

Understanding the Tax Schedule and When to Use It

The subject of tax is not the most pleasant for many. Though it is what some people live by. Yes, the tax preparer downtown, the CPAs around town and every other tax professional you...

Schedule SE

Chances are if you worked independently during 2015, and made over $400.00, you will most likely have to file a Schedule SE.  The Schedule SE is used to report self-employed taxpayer...

Hello everyone! This is Donna from Donna J. Jackson & Associates, PLLC. It seems that topic on everyone’s minds these days: how can I get more tax savings? I think we can all...

Investors: Make sure you avoid these 5 common tax mistakes

For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...

Foreign Currency Translations and Transactions

Currency translation issues:Foreign branches and subsidiaries keep their books and records in the currency of host country.Parent companies in USA are required to compute their taxable...