Top of the News

Sending your kids to day camp may provide a tax break

(Date posted: May 22, 2018)

When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child is involved with is day camp, you might be eligible for a tax credit!

Continue reading

Can you deduct business travel when it’s combined with a vacation?

(Date posted: May 15, 2018)

At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound appealing. But tread carefully, or you might not be eligible for the deduction you’re expecting.

Continue reading

Do you need to adjust your withholding?

(Date posted: May 8, 2018)

If you received a large refund after filing your 2017 income tax return, you’re probably enjoying the influx of cash. But a large refund isn’t all positive. It also means you were essentially giving the government an interest-free loan.

That’s why a large refund for the previous tax year would usually indicate that you should consider reducing the amounts you’re having withheld (and/or what estimated tax payments you’re making) for the current year. But 2018 is a little different.

Continue reading

Tax document retention guidelines for small businesses

(Date posted: May 1, 2018)

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks and other financial records (or your computer desktop is filled with a multitude of digital tax-related files), you probably want to get rid of what you can. Follow these retention guidelines as you clean up.

Continue reading

Top of the News

Sign-up for our newsletters

Subscribe to RSS