2015 Forth Quarter Estimated Payment Due January 15, 2016
2015 might be over but the last estimated payment can be still be made! The last quarter estimated tax payment is due January 15, 2016. Postmark your check by that [...]
6 Smart Business Tax Moves to Make For 2015 Year-End
2015 is almost over but there are still some ways to make the best of your tax situation before New Year’s is here. Spoiler-number 6 is the most important!
Why YNAB (You Need A Budget)
Do you live paycheck to paycheck? Do you have trouble hitting your savings goals or getting out of debt? Do you make money but have no idea where it goes? Do you struggle to get your cash flow under control? Then you need a budget.
50 Cent Files for Bankruptcy – #FinanceFriday Lessons
Curtis James Jackson III, AKA 50 Cent, filed for bankruptcy. Despite a Net Worth of $155 million a few months prior, he now lists assets and debts between $10 and $50 Million. Individuals who quickly make huge sums of money in a short time (think pro athletes, lottery winners), forget that the level of income will not go on forever.
Disasters and Your Tax Documents
You need to keep tax records for several years, but paper copies are risky. Storms, floods, or simply moving can result in losing or misplacing these documents. Electronic records, kept online, can save you from disasters, while keeping your documents available. ld tax returns and related documents and insurance policies can be scanned and saved in the cloud to electronic storage such as Dropbox, Box, or Google Drive. Many modern CPA firms like mine are paperless- ask your CPA to send you PDF versions of prior year tax returns. PDFs can be password protected to help keep your information secure.
2015 Second Quarter Estimated Tax Payment Due June 15
The 2015 second quarter estimated tax payment is due June 15, 2015. If you need to make an estimated payment you want to make sure it is post marked by [...]
May 1 Deadline to File Florida Annual Report
If you are a Florida business owner, today - May 1 - is the last day to file your annual report with the state.
LLC That Sh!t
LLC stands for Limited Liability Corporation. Yup. I said that. To a new client. Luckily it was a friend who appreciated my sense of humor and wasn't offended. But this advice - not necessarily with the same delivery - is advice that I find myself giving out frequently. There are usually two reasons:
2014 Corporate Tax Deadline Approaching – March 16, 2015
The corporate tax filing deadline is usually March 15. This year March 15 is a Sunday so the deadline is pushed off until Monday, March 16, 2015.
How the Health Care Law Affects Your 2014 Taxes
The Affordable Care Act has some provisions that affect your 2014 tax return. For many, it means simply checking a box on their return to report health care coverage for themselves and their dependents for 2014. Some might report being eligible for an exemption. Others will need to calculate a shared responsibility payment.
Evaluating Your Spending
This exercise isn’t a tallying of your financial sins. It’s an objective look at your cash flow. As you look at this information, think about whether your spending is in line with the life or business you want. Then you’ll be ready for the next step.
2015 12 Worst Tax Scams
The IRS has released the top 12 worst tax scams for 2015. It looks like crooks’ favorite way to deceive taxpayers is by calling them and pretending to be the IRS. This is followed by “phishing” emails.
Your Plan to Fail Is Your Failure To Plan
Failure to Plan is a plan to fail. What's the plan for your business? Do you have a business plan? Is it up to date?
Estimated Tax and 1099-MISC Deadlines
This message is to remind you of two important upcoming tax deadlines.
2014 Year End Tax Update
In case you didn’t hear the news, Congress extended all of the tax breaks that ended in 2013… for just one more year. While this leaves the future hazy at least it gives us a little bit of time in 2014 to make some adjustments.