We are midway through the year. Before you know it, it will be holiday season. Now is a good time to like at your expenses to find ways to cut them down and save money. Know your expenses. Keep track of all of your expenses from the fixed expenses like your mortgage to the variable […]
According to Eric Siu, CEO of Single Grain and Founder, Growth Everywhere, there are 5 major financial tips every business owner should adopt: Don’t’ Procrastinate. Time is money. Procrastinating on getting your accounting work is bad for your business. Your bookkeeping needs don’t go away they just increase and before you know it you’ll have […]
Spring is here and with the warm weather comes vacation. Nothing could ruin a vacation more than a financial mishap while traveling. Here are a few tips to ensure the fun, relaxing vacation we all desire. Clean your wallet. Only take necessary cards and information. Use credit cards for major purchases. Take a backup credit […]
As we bounce into spring here is one important step you can take to clean your financial House. Know how long to keep paperwork Here’s what to keep, and for how long: Copies of your tax returns. Keep these forever. “They help in preparing future tax returns and making computations if you file an amended return. […]
What the 2018 tax brackets, standard deductions look like under tax reform 2018 Income Tax Brackets: Old Rate New Rate Individuals Married Filing Jointly 10% 10% Up to $9,525 Up to $19,050 15% 12% $9,526 to $38,700 $19,051 to $77,400 25% 22% 38,701 to $82,500 $77,401 to $165,000 28% 24% $82,501 to $157,500 $165,001 to […]
On December 18, the Senate passed the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). Many popular tax breaks had expired December 31, 2014, so for them to be available for 2015, Congress had to pass legislation extending them. But the PATH Act does more than that. I am here to explain […]
Tender Hearts is proud to participate in the Seventh Annual Delaware Mud Run to support Leukemia Research. This team is going down and dirty in the mud to help raise money for cancer warriors. Get yourself on board by supporting this team! We appreciate your support! Date: Sunday September 20, 2015 Location: Frightland – Middletown, DE […]
A Happening List badge for your website – See more at: http://northdelawhere.happeningmag.com/happeninglist/frequently-asked-questions/#sthash.KOtpXCVw.dpuf Voting is at this link: http://northdelawhere.happeningmag.com/happeninglist/people-accountantcpa-2015/ Once you’re at this link to VOTE–> Click on the people image and look for Accountant/CPA. Voting ends February 28, 2015 at 11:59pm. Note: Voters will need to provide a VALID email address. If that email address is found to be […]
Can’t Pay Your Tax Balance? Your just received you tax return and can’t pay the balance due in full. What do you do? FILE YOUR RETURN ON TIME. This avoids the penalties for late filing. RESPOND TO ALL NOTICES. “Do Not” ignore the taxing authorities. Pay as much as you can when you file the […]
Traditional Individual Retirement Accounts (IRA’s) Who can contribute? You can open and contribute to a traditional IRA if: You have taxable compensation, and Are under age 70½ at the end of the year Taxable compensation is generally what you earn from working. This includes wages, salaries, tips, income from self-employment, and other amounts received for […]