Below you'll find a list of all posts that have been categorized as “TAX TIPS”
Tax season is in full swing and most small business owners are reviewing their taxes, income and expenses right now. How is it going? Did you save all of your receipts and do you know about all of the tax deductions? No one expects business owners to also be tax …
Tax time is a busy time of year for accountants, the IRS and scam artists to boot. Taxpayers need to be vigilant with personal information, as there are many different scams surfacing. Beware of who you are giving your information to via phone or email. The IRS released a statement …
It’s beginning to look a lot like tax season(again). The IRS has already begun accepting tax returns, as of January 29th. They begin with e-file returns first and then will process the paper returns. So, we recommend e-filing your returns. Some people will wait until the last minute to file, …
Everyone is hopeful that the new tax plan will spur economic growth. But, how will the new tax plan affect you? Well, it depends… If you are a large corporation, you will see a fairly large benefit as the maximum tax rate is being decreased from 35% to 21%. If …
Every January, we mail out tax organizers to get ready for tax time. This year, we have made it even easier with an online form. The tax organizer was emailed to our current clients. Let us know if you don’t receive it. By filling out the form, you will be …
Did you know you can purchase a vehicle or equipment for your business and get a huge tax break? It’s true; You can potentially deduct the whole price of the vehicle or equipment from your gross income. Of course there are stipulations, like the size of the vehicle, and amount …
Small businesses are the heart of our business. We love helping small businesses with their accounting, payroll and taxes. Here a resource with tons of information for small businesses from the IRS… https://www.irs.gov/businesses/small-business-and-self-employed-tax-center Small businesses, just like ours, survive on local support. So, this Saturday, shop local. Find the shops …
Many businesses donate to charitable/non-profit organizations throughout the year, so they can write off the contributions on their taxes. It’s a wonderful way to support causes and organizations you care about, and have a tax deduction. But, if not done properly on the correct tax forms, that money won’t get …
Just a friendly reminder from Miller and Associates…your quarterly estimated taxes are due 2 weeks from today. If you don’t postmark the payment on or before September 15th, the IRS will charge you a penalty. So, mail your payment in soon! Or, you can pay on online at https://www.irs.gov/payments/direct-pay For …
Just a friendly reminder from your favorite tax adviser…If you filed an extension for your corporate taxes, they are do exactly 30 days from today. Corporate taxes are due March 15th every year, but you can file a 6-month extension which makes them due September 15th. So, contact your accountant …
