Standard Deductions Those who are married and filing jointly will have a standard deduction of $24,000. Single taxpayers and those and those who are married, and file separately will see their standard deduction rise to $12,000. For heads of households, the deduction will be $18,000. Child Tax Credit The child tax credit has been raised […]
All too often business owners don’t think about their taxes until the end of the year, and unfortunately the mad scramble begins. Avoid the mad rush and start planning throughout the year. With the following strategies you can pay the right amount. Here are a few tips to help you save big this year. Strategy […]
Trying to Do It All The greatest mistake entrepreneurs make is believe they can do it all by themselves. Just like any other person, an entrepreneur has one or two natural talents, it is your job to identify those talents and surround yourself with people who are strong where your talents are the weakest. Great […]
Accounting, Small Business
Basic Information Name, SSN, or ITIN, and date of birth Last Year’s Return Estimated Taxes Paid Documents Received Form W-2s- wage and tax statements Form 1095s- includes health insurance and marketplace statement (1095-A) health coverage (1095-B) and employer-provided health insurance offer and coverage (1095-C) Form 1098 mortgage interest, and student loan interest (1098-E) Form 1099’s-dividend […]
Taxes