There are very few people that actually enjoy paying taxes. So it is no wonder that when mill levies come up, there is a very vocal group saying they are not needed. However, many of these levies are necessary for the greater good of everyone. For instance, without taxes we would not have police or…
Since 2008 there has been a 650% increase in tax related identity theft cases. Imagine going through the painstaking process of making sure you are counting up all your income, maximizing your deductions, double checking for errors only to get a response from the IRS stating that your claim has been denied because your taxes…
It’s tax filing season again—that time of year when we all go tearing through our homes trying to find the right forms, the right receipts and the right documents that will prove how much money we earned, spent and for how much of it we are responsible and accountable. The forms are the worst because it always…
Medical expenses are always going up. And they are going up even faster than the rate of inflation (about 5.5% as opposed to 3%). This not only means that health insurers are required to pay more, it also means that insurance deductibles are going up. Most people just assume that they must pay their insurance…
Thanks to the American Taxpayer Relief Act (also known as the “fiscal cliff” tax bill), one popular tax credit has now become permanent: the Child Tax Credit. However, since we’re dealing with the IRS here, the details of this credit can be a little difficult to figure out. Here is what you need to know…
We generally think of an accountant as someone who handles your tax return, but if you’re a small business owner your accountant can actually be an integral part of your company. The right accountant will offer a range of services you need at the right price, being an extension of your business rather than someone…
It’s that time of year again. Where we frantically dig through our files trying to drum up all the paperwork we need to do our taxes. For those who are well organized, it can actually be a relaxing time to record all their earnings and losses for the past year. But for most of us,…