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Timing Can Boost Your Tax Refund
Most people don’t like to think about taxes until the year end. However, taxpayers who watch the calendar can improve their chances of getting a larger refund. Here are some tax boosting tips: If you can, pay January’s mortgage payment …
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What Is Minimum Alternative Tax?
Aside from the regular federal income taxes, there’s also the AMT, or Alternative Minimum Tax, which needs to be calculated, and perhaps paid, by a taxpayer. Find out what is AMT all about — its definition, history and coverage. You …
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Have A Good Financial Management System
Having a well-organized bookkeeping system is vital, however it is more critical to establish your methods for financial management and control. What is the “financial management” mean exactly? It is the process a CPA firm in Scottsdale can use to …
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Do A Quarter End Payroll Check-up
Summer is beginning, however it is the end of another payroll quarter. It is time to do a quarter payroll check-up and here are some items you need to confirm. Confirm your federal tax deposits. You outsource remember that you’re …
Read MoreTips for U.S. Taxpayers with Foreign Income
Do you live or work abroad where you receive foreign income? As a U.S. citizen or resident, you have to report all sources of income from within and outside of the U.S. The rules for filing income tax returns are …
Read MoreKey Terms You Need To Know
One of the hardest things about taxes is learning the language. You’ve got all the forms and instructions, but it seems they’re harder to decipher than that first lesson in your high school Latin class. Instead of getting frustrated, seek …
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Tell The IRS You Moved!
So you moved! When you move, you need to notify the IRS to ensure you receive any IRS refunds or correspondence. Your Scottsdale CPA firm know there are several ways to notify the IRS of an address change. Move before …
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Should You Carry Net Operating Losses Back or Forward?
Did your business report a loss for 2013? By now, you’ve already made the decision of whether to carry the loss forward to future years or back to a prior year. Here’s an overview of carrybacks and carryforwards. As a …
Read MoreReview Of Your Capital Gains For Your 2013 Tax Return
Did you know that what the rate you pay on gain from the sale of stocks or other assets depends on the length of time you owned the asset, the type of asset, and your taxable income. Length of time …
Read MoreGet Your Finances On Track For The Long Term
The National Foundation for Credit Counseling found that two out of five Americans don’t even have a monthly budget and typically carry credit debt as well. There are ways to get your finances back on track which the following article …
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