Latest Posts

How to Maximize Your Tax Refund

October 13, 2019

No one wants to pay more than necessary when it comes to their state or federal taxes. Ideally, everyone would receive a refund on their taxes. Accountants specializing in tax preparation in Union City, NJ are regularly asked the best ways to get the most back with a tax refund. We advise our clients to take the following steps to maximize their refund. Adjust your filing status Married couples assume they have to file a joint tax return each year, but that is not the case. Switching to the Married Filing Separately status may increase your tax refund. The Internal... View Article

Don’t Fall for These Common Tax Myths

September 29, 2019

As an accounting firm in Union City, NJ, we receive a lot of questions from clients based on inaccurate information and common myths. Unfortunately, too many people fall victim to these prevalent misconceptions, causing them to incur fines or undergo audits from the Internal Revenue Service. Rather than experiencing these terrible inconveniences, learn more about common tax myths and how to avoid them. You don’t have to file taxes In the Form 1040 instruction book, the IRS describes our nation’s tax system as “voluntary,” which causes quite a bit of confusion. Many interpret this to mean that filing taxes is... View Article

Benefits of Hiring a Tax Professional

September 18, 2019

There’s no getting around it: the American tax system is complicated, opaque and seemingly deliberately frustrating. The only way to truly ensure that you’re minimizing your personal tax burden and not overpaying is to hire a qualified service for tax preparation in Union City, NJ. When you work with a tax professional, you’re ensuring that you’re not overpaying the government with your income taxes. Additionally, tax professionals can help you ensure that you’re not underpaying, which could result in stiff fines and serious penalties. While some people with a single source of traditional W-2 employment may think that their taxes... View Article

How to Prepare for the New Tax Year

September 4, 2019

While it may seem like it’s far away, the new tax season is actually just around the corner. Employers will begin sending out tax return documents at the end of January, which is only a few short months from now. Savvy taxpayers know that the more they prepare for tax season, the more likely they are to receive an attractive refund. You should work with a tax professional early and often to ensure that you’re reaping the best possible refund and minimizing your tax burden. Hiring a tax consultant in Union City, NJ will help you avoid overpaying. When you’re... View Article

Can You Receive a Tax Refund While Making Installment Payments for a Previous Year?

August 15, 2019

If for whatever reason you are unable to pay the full balance of your taxes by the original deadline, you’ll have to pay interest on that balance and monthly late payment penalties, which is why it’s so important for you to pay in full as soon as you can to save yourself some money from these additional charges. However, if you’re not going to be able to pay off your balance in full right away or within 120 days after the due date, you might qualify for a monthly installment payment plan. You must apply for this plan using Form... View Article

Kedean's Generation