Think the rich don’t pay enough taxes? The Alternative Minimum Tax, or AMT, was intended as a means to ensure that everyone pays a minimum amount of taxes. However, even though the AMT was originally intended as a means to get the rich to pay, it has spilled into the middle and lower class tax […]
Never one to rest on its laurels, the IRS has announced its inflation adjustments for tax preparation in 2015. The data includes tax tables, tax rate schedules, and other adjustments. A quick note, these rates do not apply to your 2014 taxes, or the ones you will be filing for this year. They apply for […]
Last year, the Government Accountability Office (GAO) conducted a study to test the field of tax preparation and found some interesting things. In short, of the 19 tax preparation “professionals” they shopped, only two got the tax returns right.
We’ve previously shared a tax preparation checklist, which we hope you were able to utilize. Now with all your documentation in hand, it’s time to move on to the next phase: tax preparation. Whether you decide to do it yourself, grab some software, or look for professional tax preparation in Houston, read below for some […]
Today’s post is being brought to you by guest blogger Mario of Houston USDA Loans Those of you who hire someone to provide bookkeeping services or who do it yourselves may have questions on one of your largest expenses: your mortgage and/or loan. Whether you buy or rent for business purposes, logging it all correctly […]
Is invoicing one of your constant worries? If you own a business in the Houston area, you know how tough it is to keep track of who owes you what and how much. An essential part of bookkeeping services, invoicing not only shows your clients what and how much they are being charged for, they […]
It’s that time of year again: time to gather all of your important tax information in order to file. However, with W-2’s, receipts, checks, and more – it can all be confusing as to what to gather and how to do it. To help in your tax return preparation, we’ve collected the following checklist to […]
We’ve previously given you tips on tax preparation but were concerned that they weren’t enough. Everything from lottery wins to long lost lovers attempting to get in touch can add up to big trouble if you are being targeted by a scammer, and tax time is no different.