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Tax filing can be a confusing and complicated debacle at the best of times, but with the effects of the new 2019 Republican Tax Law beginning to reverberate around the country, things just may have gotten out of hand. With some tax breaks having been scrapped or capped, and others being introduced or expanded upon, it can be tough to stay on top of things. So, here is the first… Read More

As discussed in Part One, the majority of US citizens use the services of paid tax professionals to help them submit their tax returns each year, and with these simple tips, your tax preparation experience can be as pain-free as possible: Locate records of all charitable contributions: Claiming a write-off for charitable donations when itemizing your deductions, requires clear and specific records of any transactions and gifts. For a contribution… Read More

One of the simplest ways of preparing for your taxes is to utilise the services of a tax professional, and recent statistics put around 60% of US tax paying citizens reportedly using paid preparers to submit their tax returns. While it is perfectly acceptable to go it alone – especially if you have a good head for such things – using a paid professional is the best way of eliminating… Read More

With the beginning of a new year, comes the perfect opportunity to begin to think strategically about your taxes, if you haven’t already. Here are a few points you might want to take into considerationwhen planning your taxes: Decide whether you will take the standard deduction or itemize when filing: There are 2 options available to tax payers when preparing their returns: they can choose to itemize their deductions, or… Read More

Here are some more tips and pointers to think about before you hire a bookkeeper, or any other tax professional to help you with your business: Using a specialized recruiter might be beneficial: Because finding the right bookkeeper for you and your business is so important, it might be quicker, easier and more beneficial all round for you to seek help from a recruiter who specializes in finding bookkeepers and… Read More

All businesses – no matter what their size – need to keep good records of all their financial transactions, and those who have no experience with bookkeeping or accounting, usually hire a bookkeeper to manage their books for them. This simply makes good business sense. So, listed below are some tips to help you find the right bookkeeper for you and your business: Look for a bookkeeper who pays attention… Read More