Archive

26Jun2015

Saver’s Credit Can Help You Save for Retirement

Article Highlights: Benefits Who Can Claim The Credit Rules for Students, Dependents of Others and Individuals Under the Age of 18   Low- and moderate-income workers can take steps to save for retirement and earn a special tax credit.  The saver’s credit, also called the retirement savings credit, helps offset part of the first $2,000 workers
  • 26 Jun, 2015
  • Jacqueline Cran
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22Jun2015

7 Ways to Boost AR Collections and Improve Cash Flow

“A sale isn’t a sale until you’ve collected payment — it’s just a loan,” a wise businessman once said. If you’ve been in business for any length of time, you know how true this is. Many small businesses that were profitable on paper have gone bankrupt waiting for payment from their customers to arrive. This
  • 22 Jun, 2015
  • Jacqueline Cran
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18Jun2015

Parents Can Get Credit for Sending Their Kids to Day Camp

Article Highlights: Child Age Limits Employment-related Expense Married Taxpayer Earnings Limits Disabled or Full-time Student Spouse Expense Limits With summer just around the corner, there is a tax break that working parents should know about. Many working parents must arrange for care of their children under 13 years of age (or any age if handicapped) during the
  • 18 Jun, 2015
  • Jacqueline Cran
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14Jun2015

Are You Missing Out on the Earned Income Tax Credit?

  Article Highlights: Earned Income Tax Credit Refundable Tax Credit Qualifications Special Rule for Military The EITC is for people who work but have lower incomes. If you qualify, it could be worth up to $6,242 in 2015. So you could pay less federal tax or even get a refund. The credit is a refundable
  • 14 Jun, 2015
  • Jacqueline Cran
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10Jun2015

5 Accounting Tips That Will Make Managing Your Small Business a Breeze

If you are the owner of a small business, you are endlessly busy. Between keeping track of the day-to-day requirements and monitoring growth and profit, it’s easy to get overwhelmed and that means you might neglect important recordkeeping that will help you in the long term. Here are five helpful accounting tips that will make accounting easier
  • 10 Jun, 2015
  • Jacqueline Cran
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08Jun2015

Tips for Taxpayers Starting a New Business

Article Highlights: Business Entity Type Types of Business Taxes Keeping Good Records Accounting Methods Anyone starting a new business should be aware of his or her federal tax responsibilities. Here are several things you should know if you plan on opening a new business this year. First, you must decide what type of business entity
  • 8 Jun, 2015
  • Jacqueline Cran
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03Jun2015

Safe-Harbor Home Office Deduction: Is It Better For You?

Article Highlights: Annual Election Depreciation Additional Office Expenses Limitations & Carryover Qualifications Employee Issues Usage Issues  Taxpayers can elect to take a simplified deduction for the business use of the taxpayer’s home.  The deduction is $5 per square foot, with a maximum square footage of 300.  Thus, the maximum deduction is $1,500 per year.  Here
  • 3 Jun, 2015
  • Jacqueline Cran
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