Tag Archives: 2016 tax season
2017 Social Security Changes
A HIGHER TAX CAP AND OTHER BIG CHANGES IN STORE FOR SOCIAL SECURITY IN 2017
The Social Security Administration (“SSA”), in its annual mid-October press release, announced some important changes to America’s most important social program for 2017, not the … Continue reading
529 College Savings Plan Distributions – Use It Or Lose A Piece Of It
While you may have received little or no tax benefit of saving for your children’s college education through the years, when made correctly, distributions from 529 plans will be free from tax. Nevertheless, there are several things to bear in … Continue reading
A Cash Flow Survival Guide For Small Businesses
The old cliché Cash is King is a timeless doctrine that drives the successful financial management of any growing small business. The lag time between when you pay your suppliers and employees and when you collect from your customers is … Continue reading
When Is an Accountant Better than Tax Software?
DESPITE ADVANCES IN TAX AND ACCOUNTING SOFTWARE TECHNOLOGY, WILL THEY EVER REPLACE THE VALUE OF YOUR TRUSTED ACCOUNTANT?
The question of man versus machine is not unique to the accounting profession, but practically speaking, tax software, accounting applications and your … Continue reading
10 Things Every Taxpayer Should Know
To have a proper handle on your finances, you need to understand some basic concepts of our tax law. Doing so will enable you to make the right decisions to minimize your tax burden as well as to discuss it … Continue reading
7 Stocking Stuffer Tax Tips to Usher in the New Year
By now you are most likely deep in the throes of holiday planning, shopping and celebrating. So, your 2015 tax return may be the furthest thing from your mind right now. But you would be wise to be proactive about … Continue reading