Five Overlooked Tax Deductions

There is one thing that the vast majority of Americans have in common, regardless of the income bracket he or she occupies: a desire to pay LESS in taxes. But contrary to popular belief, spring doesn’t have to be a painful for the American taxpayer. There are many overlooked tax deductions that people miss out on every […]

Bookkeeping for the Self-Employed

There are many obstacles to starting your own business, of which one of the most daunting (aside from the lack of a steady paycheck) is the bookkeeping requirements that come with being self-employed. Bookkeeping is a complicated, headache-inducing endeavor. It’s certainly understandable if someone is hesitant to start his or her own business because of the looming […]

California Income Tax Differences

While filing income taxes is, unfortunately, a universal necessity, each state has its own quirks and nuances that make the process different from state to state. It’s important for residents of California who are beginning to prepare their 2011 return to know the income tax differences in California. The differences below list some of the […]

Income Tax Terms

Even if you’re hiring someone else to handle your taxes, it pays-sometimes literally-to know important tax terms. You can help yourself by brushing up on income tax terms before heading to the accountant. Learning the definitions of tax terms for 2012 can help make an often confusing exercise less stressful while building a solid base […]

Valuable Tax Breaks

Taking advantage of valuable tax breaks is something every taxpayer wants to do. But how many really do so? Preparing and filing a tax return is a stressful and complicated endeavor. Many taxpayers are either too intimidated to look into all the available income tax breaks or too overwhelmed. But there are a ton of […]

Tax Time Checklist

As the owner of a small business, the toughest part of tax time isn’t always writing out the check to the government! Nor is it the actual process of filing the taxes. Often times, the most difficult part thing about taxes is the preparation. There’s nothing more frustrating than psyching yourself up to file your […]