Tag: Taxes

Q & A and Tips on Accounting, Taxes and Personal Finance.
First Quarter Estimated Taxes Due

First Quarter Estimated Taxes Due

Reminder: If you have not already done so, now is the time to review your tax situation and make a 2017 estimated quarterly tax payment using Form 1040-ES. The first quarter due date is now here. First-quarter due date: Tuesday, April 18, 2017. Remember, you are required to withhold (pre-pay) at least 90 percent of […]

April 5, 2017 | By More
Simple Tax Myths and Their Truths

Simple Tax Myths and Their Truths

Tax Filing Fact or Fiction? Linda Smith, Enrolled Agent of ATI Pro in Orlando, Florida discusses 6 things you should know. Federal tax returns are always due by April 15th. Not this year! You have 3 extra days until April 18th, 2016 in which to file. Extensions are for filing, NOT for paying. You must […]

March 29, 2016 | By More
Using Independent Contractors? Why your business should use caution.

Using Independent Contractors? Why your business should use caution.

It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. The IRS states that generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay […]

February 25, 2016 | By More
2015 Tax Tips

2015 Tax Tips

INSURANCE: For 2015 all Market place and brokerage companies are required to send a form 1095 (A for Market place) & (B for brokers) and these forms must be available to whoever prepares the tax return. The frustrating part about this is that they don’t need to be post marked until Aug although many have […]

February 22, 2016 | By More
Year-end Tax Saving Tips

Year-end Tax Saving Tips

With only weeks remaining in 2014, it’s time to review some year-end tax saving tips that can benefit you both now and in the future. Harry Hunter of Hunter Consulting shares some last minute moves you can make to save taxes – both on your 2014 tax return and in future years. Harry:  Maximize the standard […]

December 2, 2014 | By More
Clergy Taxes – Unique tax status of ministers and religious workers

Clergy Taxes – Unique tax status of ministers and religious workers

Clergy, ministers and religious workers are accorded some unique tax deductions, allowances and benefits.  How are clergy taxes different?  George Martinez, CPA of Glendale AZ, talks about the unique tax status of clergy and churches. George:  Churches and their Ministers have many misunderstood tax peculiarities.  Churches enjoy three primary federal tax benefits which distinguish them […]

September 8, 2014 | By More
Divorce and Taxes – Tax Implications Of Divorce

Divorce and Taxes – Tax Implications Of Divorce

Divorce, already emotionally stressful, can also wreak havoc on your finances. It’s easy to overlook the tax implications of a divorce while dealing with the emotional parts. Taxes after divorce present a myriad of issues from tax filing status to alimony. Linda Smith, Enrolled Agent and Certified Divorce Financial Analyst, lays out some commonly overlooked […]

July 18, 2014 | By More