Bookkeeping Archives - Page 2 of 2

16

Sep

Avoid five common mistakes in your 401(k) plan

In Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips

Participating in a 401(k) or similar retirement plan is a tax-advantaged way to save for retirement. If you have the option of participating in a 401(k) plan, avoid these five common mistakes. * Failing to participate fully. Too many employees opt out of the plan or don’t contribute as much...

15

Sep

Dealing with finances after the death of a spouse

In Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips

The death of a spouse can be a devastating experience, both emotionally and financially. As the survivor, you’ll have to make important decisions while you’re in what could be the most vulnerable and distracted stage of your life. The suggestions that follow might at least help ease your financial stress....

2

Sep

Will business growth bring more profits?

In Accounting News, Bookkeeping, Money Tips, Tax Planning, Tax Preparation, Tax Tips

Question: My business has not been growing but it seems as though I add more people and equipment without increasing my net profit. What am I doing wrong? Answer: Let’s see what happens in a typical company as the business grows. Suppose that a company is netting $50,000 on total...

21

Feb

Home office recordkeeping simplified

In Bookkeeping, Money Tips, Tax Planning

Tax Tip for 2013…The IRS is reducing the record keeping required for the home-office deduction, effective for 2013. Taxpayers who qualify may use a new optional deduction calculated at $5 a square foot for up to 300 square feet of an area in a home that is used regularly and...

20

Jul

The IRS Notice Boom (Part 3)

In Bookkeeping, Money Tips

Where the IRS is concerned, there is no defined busy season. IRS compliance systems and staff work year-round on tax compliance issues, consistently monitoring activity and issuing notices. The IRS sends certain types of notices throughout the year. For example, in May and June, practitioners can expect notices related to...

Tax Resources

Avoid five common mistakes in your 401(k) plan

Dealing with finances after the death of a spouse

Will business growth bring more profits?

Home office recordkeeping simplified

The IRS Notice Boom (Part 3)

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