by mariettacp | Sep 16, 2014 | Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Participating in a 401(k) or similar retirement plan is a tax-advantaged way to save for retirement. If you have the option of participating in a 401(k) plan, avoid these five common mistakes. * Failing to participate fully. Too many employees opt out of the plan or...
by mariettacp | Sep 15, 2014 | Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips
The death of a spouse can be a devastating experience, both emotionally and financially. As the survivor, you’ll have to make important decisions while you’re in what could be the most vulnerable and distracted stage of your life. The suggestions that...
by mariettacp | Sep 2, 2014 | Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Question: My business has not been growing but it seems as though I add more people and equipment without increasing my net profit. What am I doing wrong? Answer: Let’s see what happens in a typical company as the business grows. Suppose that a company is...
by mariettacp | Feb 6, 2014 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Are you a parent? Give yourself some credit – a child-related tax credit, that is. Here are two that can reduce your 2013 federal income tax liability. Child tax credit. The child tax credit applies if your dependent children were age 16 or younger at the end of 2013....
by mariettacp | Feb 5, 2014 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
What’s your alternative minimum tax (AMT) preference? Though you might prefer to not think about the AMT, certain income and deductions, known as preference items, affect the way the tax will apply to you. Those amounts, along with others called...
by mariettacp | Feb 4, 2014 | Accounting News, Money Tips, Tax Planning, Tax Tips
Fire, flood, tornado. Violent weather can wreak emotional and financial havoc. If your home, vehicle, or other personal property is damaged or destroyed by a sudden, unexpected casualty, an itemized tax deduction may help ease the financial burden. In most cases, you...
