Talking About Business Taxes

About Me
Talking About Business Taxes

Hello, my name is Elona. Welcome to my site about tax services. When I started my own crafting business, I was unsure how to handle my profits and losses. I tallied all of the information and eventually took the documents down to my local tax professional. I learned a lot about the process of preparing and filing taxes during that visit. I would like to help other people handle their business tax documents and work effectively with a qualified professional. I would be honored if you could use my information to handle your taxes with confidence. Please come back again soon.

How To Prepare For Next Year’s Taxes Now

3 June 2016
 Categories: , Blog

Once tax day is over, you may think that you can put taxes out of sight until next year rolls around. But if you get started now, you may be able to avoid the last minute stress and hassle of gathering information for the whole year. And, with the help of a good tax accountant, you may be able to set yourself up to save some money next year. Here are some things to do now to get ready for the next tax season. Read More …

The Dreaded Tax Season: How To Be Prepared

17 May 2016
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Every April, American taxpayers rush to file their income tax returns before the deadline. Whether you're getting a refund or you owe, you must file in order to avoid fees, interest, and penalties. With filing comes the need for some serious preparation so you'll have everything readily at hand when it comes time to report to Uncle Sam. Here are some helpful tips to ensure that your next tax return season goes smoothly. Read More …

What Should You Know About Filing Taxes After Executing A Relative’s Estate?

16 May 2016
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If you've been named the executor of a parent or other close relative's estate, you may have spent the last few months busily gathering information about assets and debts, opening a trust account for the estate, and doing the physical work of cleaning out your relative's home and disposing of estate property. With the hustle and bustle of this process, it can be easy to put tax issues on the back burner -- however, failing to properly file a tax return for your relative's estate could cause costs and fees to quickly eat into any heirs' inheritances. Read More …

Why You Shouldn’t Automatically Accept The Municipality’s Word On Your Property Tax Assessment

16 May 2016
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Your municipality will assess your property. You will then receive a figure explaining the property's current worth, and how much you will need to pay in property taxes. Do not automatically assume that figure is a correct one. Understand How the Assessment Works Assessments can work slightly differently, depending on the municipality. In general, the assessment of your property considers the following factors. Current fair market value (appraisal) The difference between the fair market value and the local total market value (rate or ratio) Assessed value (appraisal multiplied by rate) The current tax rate (as determined by a mill levy) Your personal property tax rate is the assessed value multiplied by the tax rate. Read More …

A 5-Step Guide To Becoming An Employer For The First Time

9 May 2016
 Categories: , Blog

As your small business grows, you will likely find yourself in the position of having to hire your first employees. While it's a necessary step toward future growth and profitability, becoming an employer is something that can be wrought with pitfalls. Here is a handy 5-step guide to avoiding many of those pitfalls when making your first hire. Assess Your Goals and Needs Now that you know what it will take to add an employee to the payroll, consider what you need from your new employee and what you want employees to add to your future plans. Read More …