Posts Tagged ‘taxes’
Think Continuing College Education Is Out Of Reach? US Government Says, We’ll Pay You! (American Opportunity Tax Credit)
March 10th, 2010 | 
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American Opportunity Tax Credit - Money For Your Education
The workforce is in transition right now and there is a growing number of Americans returning to college to either update their degrees or get a college education for a totally new career. The reality of paying for tuition, books and other college related expenses on top of the usual living expenses makes the prospect daunting for many. Fortunately, in 2009 and 2010 Congress enacted a new college tuition tax credit designed to help pay for education expenses.
Federal Home Buyer Tax Credit Upgrade Documentation
Both Congress and Microsoft really like their Beta programs!
I suppose everyone in America has heard something concerning the Home Buyer tax credit by now. However, hearing about any new tax laws doesn’t necessarily mean you’ve got the full story. And…Surprise!! Congress is not known for writing tax (or any) laws in a user-friendly format. So I’ll try to break it down into plain English that we can all understand.
Posted in Personal Finance, taxes | 
Tags: buying a new home, new home buyers tax credit, tax breaks, tax credit, tax law, taxes | 
2 Comments »
Making Work Pay Tax Credit
Yes, we are back, rested and ready to hit the road running after a little break over the Holiday season! To start off the new 2010 tax year, I wanted to cover a topic that will affect most taxpayers in a positive way , the Making Work Pay Tax Credit.
Posted in Personal Finance, taxes |
Tags: accounting, American Rcovery and Reinvestment Act of 2009, earned income, earned income credit, find a good accountant, Fredrick James, independent contractor, IRS form 2210, Making Work Pay Tax Credit, Schedule M, tax, tax credit, taxable income, taxes |
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Tax Problems & Offers in Compromise: As Seen On TV
Uncle Sam isn't one to take "no" for an answer
Unemployment Benefits: No Free Bailout For You
It’s been a tough year for Americans, and the numbers are looking pretty grim as we go into the Holiday Season. Florida’s overall unemployment rates are hovering just over 11% and nationwide they’re around 9.6%. According to The Wall Street Journal, the average length of official unemployment increased to 24.5 weeks, and the numbers of long-term unemployed has jumped to an all-time high of 4.4million. Everyone feeling jolly yet?
Well, there is one small ray of sunshine: Last week President Obama signed the unemployment extension legislation which provides for 14 weeks of extended benefit coverage for every state and an additional 6 weeks, for a total of 20 weeks, in high unemployment states where unemployment is over 8.5%. Read the rest of this entry »
New to Self-Employment Business Orientation: How to Avoid Tax Problems & Pave the Way to Success
Today people have more choices than ever before when it comes to making a living. Even those who keep their regular full time positions as employees are taking on side work as independent contractors and some are choosing to make the leap to full time self employment or starting their own small business.
Make sure you have your “parachute” packed when making the leap from employee to sole proprietor!
Its Here & There Is No Escape: Business Tax Return Deadline Sept. 15
I hate to be the bearer of bad news, but the time for putting off your business tax return is over. But, of course, you’ve already turned in your paperwork to your Accounting professional and you’re all set to go because you know corporate and partnership tax returns are due September 15, 2009 (assuming an extension was filed), right? So there’s no need to also mention that individual tax returns are due October 15, 2009 (again assuming an extension was filed)? Uhhh, riiiggghht…
Doh! I forgot to file my taxes!
Posted in Business Finance, taxes |
Tags: accounting, extensions, good business practices, late filing, small business, tax, tax law, tax return, taxes |
2 Comments »
Employee or Contractor, Which Will It Be?
Last time we went over some of the tax differences between employees and independent contractors and why it’s important to choose carefully. Today I want to discuss the method used to classify a worker as either an employee or independent contractor in an attempt to help clarify a somewhat murky area.
Employee or Contractor?
Posted in Business Finance, taxes |
Tags: business taxes, common law, contractor, employee, form SS-8, independent contractor, taxes |
2 Comments »
Tax Day – Gone Today But Not Forever
So today is Tax Day and as the final return is filed, the last client steps out the door and we all sit back to congratulate ourselves on a job well done, it is also the day we launch our new Blog!
Because we are a progressive accounting firm that believes in utilizing the latest tools and technology to help us educate our clients and improve their lives, it was a natural fit to settle in here.
Posted in Business Finance, Personal Finance, taxes |
Tags: accounting, bookkeeping, Fredrick James, tax, tax law, tax return, tax season, taxes |
1 Comment »