IRS Tax Tip 2012-51 – Health Insurance Tax Breaks for the Self-Employed

By |2012-03-15T15:46:55+00:00March 15th, 2012|Blog, Tax Preparation|

Health Insurance Tax Breaks for the Self-Employed If you're self-employed and paying for medical, dental or long-term care insurance, the IRS wants to remind you about a special tax deduction for some insurance premiums paid for you, your spouse, and your dependents. Starting in tax year 2011, this deduction is no longer allowed on Schedule

IRS Tips for the Self-Employed

By |2012-01-25T22:36:44+00:00January 25th, 2012|Blog, Tax Preparation|

These helpful IRS tips were actually published by the IRS and we thought we would pass them along... Tax Tips for the Self-employed  There are many benefits that come from being your own boss. If you work for yourself, as an independent contractor, or you carry on a trade or business as a sole proprietor,

Six Year-End Tax Tips to Reduce 2011 Taxes

By |2011-12-21T19:00:42+00:00December 21st, 2011|Blog, Tax Preparation|

IRS Tax Tips: Special Edition Tax Tip 2011-09: The IRS wants to remind all taxpayers that with the New Year fast approaching, there is still time for you to take steps that can lower your 2011 taxes. However, you usually need to take action no later than Dec. 31 in order to claim certain tax

Tax Planning Can Save You CASH!

By |2010-11-17T17:15:15+00:00November 17th, 2010|Blog|

By Brent Taylor, CPA As 2010 is quickly coming to a close, it’s never too early to start tax planning for the coming 2011 tax year.  A good place to start is with your retirement investment strategy, and the Internal Revenue Service has recently announced its 2011 tax year cost of living adjustments affecting dollar

Starting a Small Business? Six Tax Tips for Small Business

By |2010-08-03T18:53:00+00:00August 3rd, 2010|Blog|

by Gina Edwards, CPA Starting a new small business can be overwhelming and stressful.  With many Americans losing their jobs in this tough economy, it's becoming more and more common for people to go after the American Dream of owning their own business.  The IRS recently published these Six Tax Tips for New Business Owners:

Money Saving Tax Moves

By |2010-07-12T19:06:46+00:00July 12th, 2010|Blog, Tax Preparation|

by Brent J. Taylor, CPA If you’re a shareholder in a closely held C Corporation, some of your tax rates related to your individual tax return are about to change starting in 2011.  If the company you are a shareholder in pays you a dividend this year, the maximum federal income tax rate will only