The United States has a multi-level income tax system whereby taxes are imposed on people who are filing for a business by federal, state, and local … Continue Reading about What Is the Difference Between State and Federal Tax for My Business?
If you've been watching any TV at all, you've likely figured out it is tax season again. Between the tax preparer advertisements and businesses trying … Continue Reading about Why Getting a Tax Refund Isn’t Always Good and How to Fix It
Most people understand the definition of regular income. It's what you normally earn from your employer, and usually is just referred to as … Continue Reading about What Is Supplemental Income?
As we near the end of another year, a familiar process is about to show its ugly face again. That's right, it's almost time to prepare your income tax … Continue Reading about Preparing for Filing Your Taxes Saves Major Headaches Later
It's beginning to look a lot like bonus season as both Christmas and the end of the year quickly approach. While everyone enjoys the extra bonus money … Continue Reading about Supplemental Tax Rate: Your Taxes Might Not Be As Bad As You Think
Once people learned I was an accountant early in my career, I often had a few acquaintances ask me questions in the weeks leading up to tax day. I … Continue Reading about The Next Income Tax Bracket Isn’t as Bad as You Think
Have you ever heard someone say they aren't going to pay their mortgage off early because they get to deduct their interest on their taxes? If you … Continue Reading about Think Itemized Deductions Save You A Lot In Taxes? You Might Be Surprised