We all know that people would rather get a refund on their taxes than have to owe taxes in April. So, here are a few ways that may reduce your tax liability for 2018… If you are a business owner and your income out-ways your expenses this year, then it …
Bookkeeping Done For the Year?
We focus on providing monthly accounting services to small businesses with under twenty employees. For a competitive fixed monthly fee, we provide our clients with a complete financial statement that includes an Income Statement, Balance Sheet, Monthly Trend Statement as well as other reports available upon request. Our fixed fee …
Happy Labor Day
Happy Labor Day from all of us at Miller and Associates of Arizona. We hope you get to relax and enjoy the 3-day weekend. We will be closed Monday, September 3rd.
Check Your Tax Withholding Soon
Over the last week, the IRS has been putting out several news releases encouraging tax payers to check their withholding soon. We agree; it is a very good idea for all tax payers to do do a review of their withholding. So much has changed over the last year with …
Tax Credits
As tax professionals, we often get asked about tax credits and tax deductions. Some people assume they are the same thing, but they are not. A tax deduction reduces your taxable income while tax credits provide a dollar-for-dollar reduction to your income tax liability. Which means tax credits are worth …
Start Planning Now
Aren’t you so glad tax-return season is OVER?! We know we are. Now that it is behind us, it is a good idea to start planning for the rest of 2018. We have come up with a few tips to help you get prepared… Review your tax-return that was just …
It’s That Time of Year Again…
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, …
New Year, New Tax Organizer
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 …
Small Business Saturday
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 …
Donations to Charity
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 …