Jan
What Does The New Tax Law Mean For You?
For most taxpayers, the biggest change after the new tax law will be whether they continue to itemize deductions, or opt for simply the standard deduction. With the changes, the standard deduction has increased from $6,350 for single filers to …
Read More →Jan
Domestic Abuse & Taxes: What You Need to Know
According to The National Coalition Against Domestic Violence (NCADV), 1 in 3 women and 1 in 4 men will experience intimate partner violence in their lifetimes. Abuse isn’t just physical: it is also emotional, economic, and other aspects of controlling your life. …
Read More →Dec
Need Childcare Over Winter Break? Here’s How to Save Money
With the holiday season being upon us, it’s often a time for family, friends, togetherness and making memories. But it can also be a very stressful time of year between stretching holiday gift budgets, worrying about January credit card bills and …
Read More →Dec
How to Prepare for Your 2017 Taxes | What You’ll Need and How to File
As the holidays creep up, it is time to consider getting ready for tax time; many taxpayers are shocked at how quickly the deadline for filing sneaks up on them. You can avoid the last-minute crush by starting to gather …
Read More →Dec
Is Volunteer Work Tax Deductible?
Nearly one-third of Virginia residents volunteer their time every year. During 2016, the economic impact of more than 270 million hours of volunteering was $6 billion. Providing service to help those less fortunate in our communities is important; and if you …
Read More →Nov
Why Should I Outsource My Payroll Services?
Small and medium-sized businesses likely spend hours every month on payroll-related tasks. This is often one of the reasons why more business owners have made the decision to outsource their payroll services. However, there are other reasons why it may …
Read More →Nov
How Do I Access Old Tax Returns?
There may be times when you need to get a tax return from a certain year, such as if you’re applying for a mortgage or student aid. In the event that you are audited by the IRS or a state …
Read More →Nov
Accounting vs. Bookkeeping
Most business have a person on staff who handles the day to day cash transactions of a business. Typically, they are responsible for making a record of receipts, paying day-to-day expenses, and maintaining an accurate record of the money the company is …
Read More →Nov
How to Report a Fixed Asset
Fixed assets, such as the major investments made in your business such as vehicles and equipment, have complex reporting requirements. Real estate is also a fixed asset whether you’re a professional real estate investor or an accidental landlord who decides …
Read More →Oct
How to Use your 401(k) to Reduce Taxable Income
Your 401(k) plan provides an excellent opportunity to reduce your tax liability. It can help you save for retirement, but more importantly, your 401(k) can be a valuable way to reduce the amount of tax you owe on an …
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