Bette Hochberger Inc Logo

Tag: Taxes

4 Reasons Why You Should File Your Taxes When You Didn’t Make Any Money

  A question I get a lot this time of year is, “If I didn’t make any money do I even need to report it on my taxes??” And my answer is YES! Here’s why: 1. If you put money into starting a new business you can deduct the startup expenses. There can be a lot...  Read More

When Outsourced Payroll Goes Bad

Usually when you work with a payroll company, the last thing you expect is for them to not send your tax payments into the IRS. Unfortunately, in a recent court case, when a payroll company declared bankruptcy, that is exactly what happened. In this particular case, when the payroll c...  Read More

More Americans View Their Taxes as Unfair

Well if you filed your taxes and you feel like the tax bill you were handed was an unfair amount, you are not alone.  According to a recent gallup poll only 55% of Americans think their income taxes are fair.  Turns out that there isn’t a big difference in this perception based...  Read More

State Taxable Wages for Unemployment

Have you ever wondered how your state comes up with the amount of unemployment tax you pay for your employees?  Generally the formula is: taxable wages up to the wage base X tax rate = state unemployment tax Taxable wages up to the wage base simply means that you take the wages for an...  Read More

Taxpayers Claiming Education Credits Wait Until February To File

With all of the changes to the tax code that were signed earlier this year the IRS is scrambling to catch up.  If you are a taxpayer that claims one of the education tax credits- the American Opportunities Credit and the Lifetime Learning Credit- using Form 8863 you will need to wait...  Read More