Articles
Indianapolis Tax Accountant Explains New Option For Home Office Deduction
When the IRS has a new deal – an easier way of calculating your tax deduction – be careful about your choice. While certain methods may be quicker, they may also be more costly. To make the right decision about which methods to use, consider the after-tax effect....
A job change can change your taxes
Planning to change employers this year? As you look forward to starting your new job, you're probably not thinking about taxes. But actions you take now can have an impact next April - and beyond. Here are three tax-smart tips: * Roll your retirement plan. You may be...
Indianapolis Bookkeeper Discusses – Pricing Decisions
One of the most common mistakes made by business owners is in the area of pricing. Many entrepreneurs depend on lower prices to bring them more customers. And while there are businesses who have successfully implemented this strategy, the problem is that it’s a...
Avoid growing pains in your business
One way to kill your business is to grow it too fast. Many profitable small businesses have expanded at the wrong time and at the wrong level of increased costs. The result is that they never again make a profit. How does this happen? A given amount of building,...
Keep an eye on your company’s cash
Do you regularly monitor your company's cash accounts? You should. Even if you leave the job to your bookkeeper or accountant, you should stay aware of where the cash is going and how the spending is approved. Along with inventory "shrinkage," theft or improper...
Make the most of your professional advisors
Who's on your team? No, not your sports or reality-show dancing team, your business team, that group of professional advisors who are ready and willing to help you tackle tough financial decisions. Those decisions can have an effect on your taxes this year as well as...
Credit life insurance can be expensive
Many people have paid for credit life insurance without understanding what it is or how expensive it can be. If you borrow money for any purpose, your loan payment may include a premium for credit life insurance. Moneylenders such as banks, retailers, auto dealers,...
Follow the tax rules when you borrow from your corporation
If you're a business owner and your company lends you money, you'll enter it in the books as a shareholder loan. However, if your return is audited, the IRS will scrutinize the loan to see whether it is really disguised wages or a dividend, taxable to you as income....
Have a financial talk with elderly parents
One day you may find yourself taking care of an elderly parent who is in declining physical or mental health. This can be stressful, both emotionally and financially. On the financial side, there are steps you can take to prepare for this situation. * Talk to your...
Taxes and your child’s summer job
With the school year over, your teenager might be taking a summer job. If so, you both may have questions about taxes. Here are some of the common concerns. If your child chooses a typical wage-paying job, he or she will soon be confronted with the task of calculating...
Not Sure Where to Start?
Get A Consultation
Are you interested in learning more about how we can help guide your tax situation, but not sure where to begin? We can help. Our team of specialists can answer any questions you might have and help you get started.