Category Archives: Tax

Before you make a purchase, you should check your budget, not your checkbook balance.

As a taxpayer, you are obligated to keep records to substantiate your deductions and tax basis.

There is good reason to save all of your receipts, as you may never know what might end up being a deducible expense come tax time.

There are several steps you can and should take to protect yourself if you are a victim of identity theft. Read this C.P.A. Insight to learn what they are.

Fourth quarter can be a busy time for businesses, so we suggest businesses begin in early August to plan the needed year-end tax processes.

Your subscription to The Wall Street Journal might be tax deductible if there is a credible relation between the advice garnered from your reading the paper to your investment activity.

Tired of saving your receipts in a shoe box for your C.P.A.? We offer several methods for tracking your income and expenses year round.

Whether you are drawing columns on paper or assigning category names in computer software to record transactions, use a basic category list to separate your transactions. Our Tax Tracking List contains a complete list of categories.File your receipts as you receive them throughout the year in the appropriate categories.

Using a budget will assist you in tracking the flow and progress of your business by providing a visual statement of the business’ activities.

The much touted Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 has a silver lining that extends the bankruptcy protections enjoyed by employment-sponsored retirement plans, which are covered by the Employment Retirement Income Security Act (ERISA). Congress designed the law to curb perceived abuses by debtors in bankruptcy.