by Ellen Domorad | Jun 24, 2019 | Blog
What Is the Pretax Rate of Return? The pretax rate of return is the return on an investment that does not include the taxes the investor must pay on this return. Because individuals’ tax situations differ and different investments attract varying levels of...
by Ellen Domorad | Feb 16, 2018 | Blog
The IRS is required by law to notify taxpayers by mail of any actions taken or required in your tax situation. Below are sample letters along with explanations of what’s happening in each case. IRS Collections CP14: Notice of Unpaid Taxes This notice explains...
by Ellen Domorad | Dec 15, 2017 | Blog
Taxes can be tricky for high-income earners who often don’t qualify for different deductions, various credits, and tax-advantaged accounts. Even though some deductions are not available, high-income earners can still use the following strategies to minimize their tax...
by Ellen Domorad | Dec 15, 2017 | Blog
First of all, an owner must decide what type of an entity it should be. The type of business determines which tax forms a business will have to file. The most common forms of businesses are sole proprietorships, partnerships, C and S corporations, and limited...
by Ellen Domorad | Dec 8, 2017 | Blog
Do you need to hire a tax accountant this tax season? Read this article, and decide for yourself! http://www.cpapracticeadvisor.com/…/things-your-cpa-wont-te… If you need additional help, please don’t hesitate to email us at...
by Ellen Domorad | Oct 18, 2017 | Blog
If you ever wondered what would be a good choice of a state to organize your business in, this website gives you some visual information by state. You can check rankings of states by corporate tax, individual tax, sales tax, property tax, and unemployment insurance...
by Ellen Domorad | Oct 10, 2017 | Blog
With less than three months remaining in the calendar year, now is a good time to double check your taxable income and see if you can minimize your tax bill before it’s too late. Boost your retirement savings – Many employers let you defer a portion of your...
by Ellen Domorad | Oct 2, 2017 | Blog
How do you know if you are withholding too much? If you are consistently getting large refunds, you are probably withholding too much. If your situation has changed, like you’ve gotten a new job, you may need to adjust your withholdings. What are the situations that...
by Ellen Domorad | Oct 2, 2017 | Blog
We all know about sales tax. It is a tax paid whenever we purchase something. The tax is some percentage of a purchase price. Do you know about use tax? Use tax is similar to sales tax, and it applies whenever you buy, lease, or rent items without paying sales taxes....
by Ellen Domorad | Sep 20, 2017 | Blog
Generally speaking, if you received money, property, or services, you have income. Examples of income include wages and fringe benefits, investment income such as interest, dividends, or capital gains, business income, and income from bartering. In some cases, your...
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