It is not uncommon to hear people talk about bookkeepers and accountants as if they were the same profession. It’s understandable because these two financial specialists have similar goals, but they are not the same. Each one manages a different stage of a business’s...
Self-Employed Americans have to think about their taxes very differently from everyone who works for an employer. There’s no accounting department to take care of withholding, and you have to figure out what expenses you can deduct as a part of your business. If...
While debt cancellation can provide significant relief for consumers, many people are unaware of or unfamiliar with the tax implications of debt cancellation. Generally speaking, cancelled debt is considered income and income tax is owed on the amount of cancelled...
Everyone got a little bit of a buffer on their tax due date this year, with the usual April 15th deadline pushed to Monday, April 18th in observance of Emancipation Day – although Emancipation Day is only a holiday in Washington, D.C. However, April 18th has come and...
Business taxes are no simple matter. Unlike your personal taxes, which many people handle online or with home computer based programs, there are a lot of factors that go into your business taxes. That’s why you should always work with a professional like those at...
For those without overly complicated taxes, it can be tempting to file online. After all, you can grab your handful of documents, log on to a site set up to guide you through the process, and if you file with the same company for a few years running you’ll even have...
