I Missed the Filing Deadline! Now What? (0)
4/18/13 •
Don’t Sweat, Just File! Missing the filing deadline does not automatically mean that you will be hit with penalties and interest. Interest and penalties only apply when there is tax due. However, a taxpayer can lose a refund due if they wait more than three years to file a return. A majority of taxpayers are [...]
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Difficult Tax Deductions (0)
3/30/13 •
Don’t Let the Tail Wag the Dog Pig You often hear of people saying that you should or should do something “because you get a tax deduction.” Changing your normal course of action just because a tax incentive is usually not a good idea. One can point to the 10% tax credit on home purchases [...]
Comment on Mutual Funds 101 by Rob (0)
3/25/13 •
There are two ways to make money. Earn it through work or have it work for you. I suppose there are other ways such as gambling or inheriting it, but I’m going to pretend those other ways don’t exist for the moment! The safest way to make money is by earning it. Working nine to [...]
Comment on Information Systems in Small Business by Mike (0)
3/25/13 •
When it comes to business, there is a lot more than just dollars and cents that you need to keep track of. It is not only individual income taxes that I must stay on top of! There are internal controls that have to be implemented, and these need to be implemented for many reasons. The [...]
Comment on Home Office Deduction by Kordula (0)
3/25/13 •
For a lot of us, work doesn’t start at 9AM Monday morning, or end at 5PM either. Similar to my last statement, work doesn’t stop when you leave your office at your place of business. For many of us, we keep on working at home! We have a designated “hands-off†area where [...]
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