Articles
How Tax Planning Works – A Simple Learning Matrix For Small Business Owners
It starts with making sure that your business is set up right to begin with. In the 15 years that we’ve been in business, we’ve seen several incidents where thousands of dollars were lost because a business was not set up to operate tax efficiently. So, making sure...
Indianapolis CPA explains why the easiest way to make money is by taking it from the IRS with legitimate tax incentives
Taxes are the largest expense you’ll ever have – larger than the cost of your home or sending your kids to school. And therefore, they’re the largest obstacle to your financial freedom. This is very important to understand. If you’re not familiar with the term “tax...
How Will Going Over The Fiscal Cliff Affect Your Pockets? – Indianapolis CPA Talks Numbers
buy generic propecia online cheapy the end of this year, tax laws that have created historically low rates for a long time will expire. Also, several popular deductions and tax credits will no longer be available. This situation has been referred to as the “fiscal...
What Does “Obamacare” Mean To Small Businesses And Individuals? – CPA In Indianapolis Explains The Tax Implications
As a small business owner and entrepreneur, more than anyone, you understand the competitive nature of the market and the fact that the rules are a part of the game. And you also know the importance of being able to adapt and use the rules to your advantage when...
Indianapolis CPA Discusses 7 Myths Of Retirement
Statistics show that people are rarely prepared for retirement. According to the U.S. Department of Education, only 5% of people can live off of their investments after the age of 65. The other 95% must continue to work or depend on welfare, social security,...
CPA In Indianapolis Discusses – 10 Ways To Save On Taxes – Often Forgotten By Taxpayers!
With the October 15th deadlines behind us, there are a couple months until all of the CPA’s in Indianapolis will be in the thick of the busy season. So, now would be a good time to speak with your CPA about ideas for saving taxes this year. With that said, here are...
Beware of tax scams
the fish aquariumt's likely to be a daily occurrence: Your e-mail inbox contains at least one message touting a too-good-to-be-true offer. You probably shake your head and delete the pleas from mysterious mock millionaires who need your help recovering imaginary...
Is all my income taxable?
Generally, all sources of income are subject to income tax unless specifically excluded. Here are some sources of money that are not taxable: * Money received as a loan. * Gifts and inheritances. * Child support received. * Welfare benefits. * Worker’s compensation...
Important deadline approaching for tax-exempt organizations
Here's an important reminder for small nonprofit organizations: If your organization had its tax-exempt status revoked for failing to file an annual return from 2007 through 2009, the IRS is giving you a chance to get reinstated The IRS has issued guidance for small...
What’s a lame duck, and what does it have to do with Congress?
We'll have some political lame ducks this year, and Congress will convene a lame duck session after the November election. A quick reminder about lame ducks: A member of Congress who lost his or her bid for reelection in November 2012 will still be in Congress until...
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