When a married couple has two separate incomes, they have the option of filing their taxes together or filing them separately. While there are benefits of filing separately, many married couples prefer to file their taxes jointly instead. This may save some time if you are meeting with an accountant to have your taxes filed and it may also be a bit cheaper to file your taxes jointly instead of having two separate appointments. [Read More]
Opening A Small Business? Don't Fall For These Common Small Business Errors
As a first-time business owner, it is easy to get caught up in the idea that is driving your new business. However, make sure you don't get so caught up in the big idea that you forget about the little details. Here are the three most common errors that new small business owners tend to do when they don't take the time to really think out the financial side of their business. [Read More]
Self-Employed? Avoid These 4 Common Tax Preparation Mistakes!
Are you filing your taxes as a self-employed individual for the first time this year? If so, then the task might seem a bit daunting. After all, as a self-employed worker, you'll be subject to self-employment taxes and will also be responsible for paying your state, Federal, and local taxes yourself (rather than relying on an employer to deduct them for you). Specifically, as you prepare your taxes, there are some common mistakes you'll want to avoid. [Read More]
The Layman's Guide To Hiring A CPA
The world of accounting may seem cryptic and foreign to the average person, so it can be hard to know when exactly you need to hire a professional to help with finances. Here are a few answers to some common CPA questions to help guide you through the hiring process. What is a CPA? A certified public accountant is the highest standard of achievement within the accounting profession. A CPA will advise their clients on any number of financial issues ranging from tax filing to business investment to estate planning. [Read More]