April 1, 2023 8:54 pm
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Reasons Why You Should Hire a Tax Consultant This Year A tax consultant can help you save money, avoid taxes and make sure that you file your taxes correctly. They also provide you with peace of mind and a high level of confidence in your financial situation. Save Time & Money Taxes can be a confusing and onerous process, which is why many taxpayers turn to professional tax preparers. They can save you both time and money by reducing the amount of taxes you owe while also making sure that you’re not missing out on any deductions or tax credits... View Article
March 21, 2023 5:54 pm
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Tax season is upon us again, so now is the time to start preparing your business taxes. Make sure you have the information you need to file accurately and on time so you can avoid penalties and interest. Tax Inflation Adjustments If you are a small business owner, there are a few important 2023 tax changes that you should know about. These include tax inflation adjustments and a new limitation on business losses. The IRS typically adjusts income thresholds, deduction amounts, and credit values each year to reflect inflation. This helps prevent what’s called bracket creep, which occurs as people... View Article
March 7, 2023 5:52 pm
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Those who qualify for the child credit must meet certain requirements and have their income below a certain limit. Those who exceed the ceiling will have their credit reduced in increments. Requirements/Qualifications The child tax credit, also known as the CTC, entitles parents and guardians to a tax benefit for each dependent qualifying child. Its maximum amount is a maximum of $2,000 per child under the age of 17, with up to $1,400 refundable. However, the child tax credit is not available to every family. It’s typically limited to families with adjusted gross income below a certain threshold. Income Requirements... View Article
February 21, 2023 12:00 am
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Is it worth getting an accountant to do your tax? Accounting is just one of many things that should be left to the experts. Even if you believe you are good at math, it is easy to make a mistake. Professional accountants are experienced and possess the skills and expertise to efficiently file tax returns. They also can keep you from being audited by the IRS. Continue reading to learn more about why you should hire an accountant to do your taxes this year. Benefits of Hiring an Accountant To Do Your Taxes What are the benefits of hiring a... View Article
February 7, 2023 12:00 am
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If you are like most people, preparing for the tax season feels stressful and overwhelming, not to mention confusing. If you want to get a jump on your tax responsibilities this year, you can start by learning about any changes for 2023. This quick guide will provide helpful information on tax season 2023. When Should I File Taxes 2023? You will need to file your taxes by April 18, 2023. This is the tax deadline for the US. There may be some preparations you need to make ahead of time, so it is essential to be aware of the tax... View Article
