Set your business up for success from day one Every solid business starts with an incredible idea. Perhaps you have one right now; something that no one else could ever conceive. This is a start, but as the old saying goes, “ideas are worthless without execution”. If you want to be able to really capitalize […]
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Common Bookkeeping Mistakes To Avoid Before Tax Season
Bookkeeping is Complicated Small business owners have enough to worry about. Bookkeeping in Chandler shouldn’t be another responsibility on top of the overhead, employees, production, profit, and other priorities. Meanwhile businesses need some way to keep a close eye on expenses, cash flow, and profit–especially when tax seasons comes around. And when tax deadlines loom, […]
What Can An Accountant Do That Software Can’t?
Tackling Taxes With Software We’ve written on this topic in the past, but even in the relatively short period of time since our original article, the landscape of tax-preparation software has changed dramatically. The algorithms have gotten more sophisticated, error rates are minimal, and in most cases – tax software is a safe bet for […]
Tax Levies Can Be Lifted If you Act Swiftly
Tax Levies If you owe back taxes, the IRS can use a levy in order to seize your property in order to satisfy a tax related debt. These do not require permission from the courts, and may be carried out by any means necessary. Levies may result in wage garnishment, seizure of money from financial […]
Reward yourself with proper retirement preparedness
Retirement Preparedness Preparing for retirement can help you to live the post-professional life you want. There are a number of important considerations to make before you do so though. Visiting with an accountant can help you identify your total-post employment income, including social security benefits and how long any 401K and IRA accounts will last […]
Business Mileage Deduction: Track it properly now, save a bundle later.
Business Mileage Deduction There are a variety of deductions you can claim on your taxes. For those who travel for business, it’s important to take them where and when you can. Business mileage deduction can really add up over the course of a year, and offers two ways to save. The options are: Business Mileage […]
Saving Money with AZ Tax Credits
AZ Tax Credits People donate far more money than they realize. Charities, tuition programs, schools, private organizations, and even spring cleaning yield opportunities for donation. It’s easy to discount them. Your child’s school fundraiser in September. A cash donation to the state military relief fund in December. Spring garage sale proceeds to the TANF. Individually […]
Tax Tips for the Recently Married
Love and Taxes With wedding season in full swing, many newlyweds are off on their honeymoons with tax season likely to be the last thing on their minds. Though very few couples will consider the ramifications of marriage for filing purposes before it occurs, many forget to consider it afterwards. Knowing how to prepare before […]
Identity Theft and you: Protecting yourself in the digital age
Identify Theft With more and more of our information on-line through social media outlets, and companies going digital, it can be easy to forget that digital space doesn’t operate under the same rules that physical space does. If someone wants access to physical documents they have to be present. Keeping important documents in your home […]
Saving big on property sales tax with a 1031 Exchange.
The IRS loves collecting taxes, and if you don’t do your homework, they’ll gladly take your money whenever possible. Any accountant will tell you they can’t count the number of times clients have come in to meet with them after a major transaction. In many instances this doesn’t have an effect on their filing, but […]