Articles | Page 47 | Peterson CPA Firm P.C.

Articles

Tax Strategies

The best way to plan for taxes is to start at the beginning of the tax year. So it’s important to know how the tax laws change so you can plan to take every advantage to keep as much of your income as you’re entitled to.

 

What’s New for Business Owners

Posted January 29, 2015
Tax Tips

If you have neglected to file past taxes, you’ll be surprised it isn’t as stressful as it you might think.

However, the longer you wait to deal with paying your taxes and filing a claim, it just gets more expensive. It’s best to take care of it now. You’ll be so happy you did!

Posted January 21, 2015
Tax Tips

You may be eligible for a deduction when making your itemized deductions if you incurred a significant amount of healthcare and dental cost costs last year.

If your health care costs were over at least ten percent of your yearly gross income, there are several things that you can deduct:

Posted January 14, 2015
Health Care

You may not even be aware of the term, “Advance Premium Tax Credit,” but you definitely need to understand how it impacts the amount of taxes you could owe or how much of a refund you may be entitled to.

Posted January 7, 2015
Tax Strategies

For most newly divorced people, doing taxes the following year after the divorce brings up important questions that can be stressful. Here’s what you need to know to successfully make the transition.

Posted December 31, 2014
Budgeting

Your guide to goods and services expected to increase in price in 2015.

Abraham Lincoln once said, “The best way to predict the future is to create it.” Budgeting and being organized with your money is the foundation for creating more money.

Posted December 31, 2014
Tax Tips

April 15th will be here before you know it. Getting prepared today will set you up for the most peace of mind and give you the best chance towards keeping all the money you’re entitled to for the past tax year.

This exhaustive checklist will get you prepared to meet April 15th head-on. Go get it all together today!

Posted December 15, 2014
Bookkeeping Strategies

Most people starting a business start the business because they are good at providing the product or service they are selling. Bookkeeping is usually an afterthought but yet, a realized necessity to be able to provide the goods and services they wish to sell.

Posted December 12, 2014
Bookkeeping Strategies

The IRS requires you to maintain consistent accounting throughout your fiscal year. You must use a method that clearly reflects your income.

Posted November 30, 2014
Tax Strategies

You may be able to elect a tax year that suits your business; how will you choose?

The IRS requires your business to determine your taxable income based on your tax year and file a return accordingly. Your tax year is the yearly accounting timeframe for reporting income, reporting expenses and maintaining records.

Posted November 30, 2014