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March 2018 Archives

Don’t want to itemize? You can still claim these deductions

Taxpayers have the option of claiming the standard deduction or itemizing their deductions. Itemizing can mean a bigger tax refund, but it is also a very detailed process that can be a pain in the neck to complete. With the filing deadline just a month away, you are probably wondering which method is best for you.

Have you missed out on filing your taxes for a few years?

From business professionals to individuals in low-paying jobs, taxes can seem like a burden. In addition to having money withheld from paychecks in order to go toward taxes, following the steps to actually file the proper tax forms during this time of year can seem like an even greater inconvenience. If you do not fully understand the right way to go about filing your taxes, you may feel less inclined to go through the process.

Pointers for preparing your business taxes

As a business owner, you know just how exhausting the tax season can be. Not only are you responsible for your private, individual tax returns, you must also worry about filing taxes for your business. This is no mean feat. In fact, the National Small Business Association estimates that half of small businesses in the United States spend over 40 hours a year on their taxes.

Use these 3 strategies to reduce your 2017 taxes

The deadline for tax season is just over a month away. If you are preparing your taxes, you are probably trying to think of the best ways to cut down on the amount that you owe the IRS. You’re not the only one: According to a recent survey from the American Institute of Certified Public Accountants, 63 percent of affluent taxpayers are looking for ways to adjust their financial planning strategies.

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