9 April 2015
Being self-employed can be great for a variety of reasons. However, it can also be very hard on your taxes. If you are not careful you can get hit pretty hard on your taxes, which is why it is important to do a couple things that can help you to pay less on your taxes and keep more money in your pocket.Here are a couple suggestions: 1. Pay Your Health Care Out Of The Company
7 April 2015
You obviously can't run your company all on your own, so you probably have a team of staff members who help run your business on a day-to-day basis. If you have managers and other higher-ups, you have probably carefully chosen people who you thought you could trust and depend on to do a good job. Therefore, it can be heartbreaking to find that one of your managers could be stealing from your company.
6 April 2015
Doing taxes as a self-employed person is a little more involved than doing taxes if you are employed by someone else. If you are self-employed for the first time this year, then here are 2 ways to be prepared and organized for tax time. Accounting Program or Spreadsheet First, one of the best things you can do is keep an ongoing record of all of your income and expenses throughout the year.
6 April 2015
Spring is one of the happiest times of year, with cool, bright mornings that hold great promise for the warm weather ahead. However, for most individuals, spring can also mark a potentially stormier time -- tax season. As April 15 rolls closer, what should you do if you still don't have your tax return finalized? Should you attempt to prepare your return yourself or by using tax software, or is this instead a matter best left to a professional?
6 April 2015
If you've procrastinated filing your tax return, there's a good chance that you owe money. If not, you probably would have filed already to get your refund faster. If you do owe, and you're waiting because you don't know where you're going to find the money, take the following steps. 1. File Your Tax Return Right Now You do not need to make your payment when you file your return. The deadline to pay is April 15th regardless of when you actually file.
2 April 2015
On this past year's taxes, you may be able to claim some of your childcare expenses. The childcare and dependent credit is in place to give taxpayers who have to pay for childcare a little break. Who Qualifies As A Dependent You can only claim 'qualifying individuals' whom you paid care expenses for on your taxes. In less technical terms, 'qualifying individuals' means any of your kids who were under the age of thirteen last year.