Tuesday Tax Tips

Did you know the IRS issued more than 111.8 million refunds, averaging over $2800 each,  for the 2018 tax year?   There are still ways you can boost your 2019 tax year refund.  Boost Retirement contributions.  You can contribute to an IRS until the April 15 tax deadline and it will still count toward the 2019…

Read More

What Your Tax Preparer Needs to Calculate Your Business Taxes

If you love to hate taxes, maybe it will help to think about it this way:  Taxes impact all of us and fund our community structure.  Without taxes, we could not fund our roadways, our government, nor services like firefighters and police.  No roads means no product delivery and no customers. No police means security…

Read More

Tax Tip for Gig Businesses

It is a new Gig Economy.  More and more, people are free lancing with Lyft, Uber, blogging, IG or TW influencer role, and self employed tech contractors.  We know the USA has evolved into a Gig Economy because the IRS, who loves to follow the money, has now launched a new gig economy tax center…

Read More

5 Top ExPat Tax Tips

File on time, every time.  This is actually a good tax tip for every US Taxpayer: File your tax return by April 15.  If you don’t owe US taxes on your foreign income, the IRS extends that deadline by two months, June 15.  You may apply for additional extensions through October 15, but you may…

Read More

New Business? Remember the Taxes

Starting a business can be incredibly rewarding –  and a little overwhelming.  Even as you make business plans, and marketing strategies; keep in mind, you will need have tax responsibilities and there are steps to take and business tax structure to consider.  What will be your business structure?  The form of your business determines which…

Read More

Business Tax Rules Changes

Small and Medium Businesses, especially, need to know about changes in Tax rules from the Tax Cuts and Jobs Act (TCJA).  New flat 21% tax rate for corporations.  The rates before TCJA was enacted were 15%, 25%, 34% and 35%.  Personal Service Corporations paid a flat 35% rate.  Beginning in 2018, Corporations pay a flat…

Read More