The Home Office Deduction
The Home Office Deduction With more people working from home than ever before, taxpayers may be wondering if they can claim a home office deduction when they file their 2020…
Tax Considerations When Hiring Household Help
Tax Considerations When Hiring Household Help If you employ someone to work for you around your house, it is important to consider the tax implications of this type of arrangement.…
It’s Never Too Early to Check Tax Withholding
It’s Never Too Early to Check Tax Withholding While it probably seem like tax season just ended, it is never too early to do a “Paycheck Checkup” to make sure…
Protect Tax Records Before Disaster Strikes
Natural disasters such as hurricanes are more common in summer, but tornadoes, floods, and fires can strike at any time. As such, it’s always a good idea to plan for…
Tax Breaks for Teachers and Educators
While many schools are switching to hybrid or remote learning models, teachers and other educators should remember that they can still deduct certain unreimbursed expenses such as classroom supplies, training,…
Filing an Amended Tax Return
If you discover a mistake on your tax return after you’ve already filed, don’t panic. In most cases, all you have to do is file an amended tax return. Here’s…
Tax Scams: 2020 Edition
Compiled and issued annually every year by the IRS, this year it includes many aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. The criminals behind…
Here’s How to Pay If You Owe Money to the IRS
Here’s How to Pay If You Owe Money to the IRS The federal tax deadline is quickly approaching. If you owe money to the IRS – including estimated and other…
Small Business Financing: Securing a Loan
Small Business Financing: Securing a Loan At some point, most small business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants, and…
Paying off Debt the Smart Way
Paying off Debt the Smart Way With a potential economic downturn in the wings due to COVID-19, being debt-free is a worthwhile goal. Unfortunately, between mortgages, car loans, credit cards,…