Accounting Tips

  • November 4 2017

    IRS INCREASES PENSION PLAN LIMITS BY $500 PER YEAR BEGINNING IN 2018: Recently, the Internal Revenue Service (IRS) announced an increase for the maximum amount taxpayers can contribute to their retirement and pension accounts, such as 401(k)s, 403(b)s, most 457 plans and the IRS’s Thrift Savings Plan. Taxpayers can decide what percentage of their income they want to automatically transfer into a pension plan suc

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  • October 9 2017

    How to Calculate Deductions for Charitable Donations: One of the best incentives the American government offers us to donate to charitable organizations—other than the good feeling you get from making a difference, of course—is the chance to take a deduction on our annual taxes for charitable donations. However, knowing what qualifies and how to go about filing that deduction correctly can be c

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  • September 8 2017

    An Easy Guide to College Tax Deductions: Sending a child off to college is a joyous occasion for parents. Your little one is taking another major step towards adulthood, embarking on a journey to find where they want to fit into the world at large. But for many parents, the day a child goes off to school can also be full of stress. Why? Because college is expensive. And if you’re hel

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  • September 2 2017

    Are Childcare Expenses Tax Deductible? What Working Parents Need to Know: Almost any parent will agree – childcare is expensive. But for working parents, childcare is a necessity. Somebody has to watch the kids while you spend the majority of the day at your job. That’s why it’s vital for working parents to understand what tax deductions are available to them if they pay for childcare. Working parents who pay fo

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  • June 21 2017

    5 Reasons to Ditch Your Accounting Spreadsheets (and Use QuickBooks): For a lot of business owners, starting their venture was done on a shoe-string budget. Until they knew that business was going to make it through that tough first

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  • May 17 2017

    How to Get Tax Credits for Business Research and Development: Research and development is an important part of starting and growing a successful business. Recently, the Inter

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  • April 26 2017

    5 Ways An Accountant Can Help Your Small Business: It takes money to make money – it’s what everyone has drilled into your head since the day you first dreamed up the idea for your small business, isn’t it? But, how do you know when it’s time to spend money to help you manage your money? Though you may see accounting as an expense you can do without, hiring an accountant can help you

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  • April 13 2017

    Tax Documents: What to Keep and What to Shred:  As you check “file tax return” off your spring to-do list, you may be staring at another item you’ve been meaning to get to f

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  • February 1 2017

    Home Renovations, Moving and Your Taxes : Improving or moving into a home are both big expenses, and people often ask us if there are tax breaks available to those who incur such costs. As

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  • January 19 2017

    Taxes and the Gig Economy: What Can You Write Off?: The United States’ freelance economy is growing rapidly, with more and more workers choosing to strike out on their own fulltime or take on a side gig to s

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