Not able to do your taxes in time? April 15th came up faster than we all thought. For those of you who aren’t quite ready, here is how to file a tax extension. 1. How Do I File a Tax Extension Myself? You may go to the official IRS Free File Option and choose to […]
You may be itching to get those tax returns in ASAP. This goes double for those of you expecting a refund. However, you should not file before January 31 in most cases, as that is the deadline for all your business partners to send any tax forms. But if you can’t wait, here are 5 […]
New year means new tax information and criteria. To help you out, we have these 5 tips for tax preparation in 2025. Keep in mind these are not the numbers for when you complete your 2024 taxes next year, but when you do them in 2026. 1. Be Aware of the New Tax Brackets We […]
B&J Bookkeeping and Taxes helps prepare taxes for individuals, married couples, and small to mid sized business owners at all stages of life. Like most of us, you plan on retiring some day and may even have that day selected. However, you should know that taxes will still be a factor. Below, we will show […]
All of us bookkeepers take regular stock of security measures to protect our client’s data. Tax practitioners are sought after targets of criminals seeking to steal our sensitive tax information. They may use this to file phone returns, steal identities, and so much more. To help you protect your info like a tax professional, we […]
As we post this, the biggest story is COVID-19. We decided it was a good idea to share some help with bookkeeping for the Coronavirus. Times have changed and your finances may need to do so as well.
Did you know the regular American spends about 16 hours on average completing their tax return? Given the average tax payer earns about $25 per hour (before paying those pesky taxes), this means they have spent about $400 in sweat equity on their taxes, and we know many who would rather work on their homes, […]
With tax time upon us and tax preparation services deadlines looming, it is only natural for the tax sharks (not the IRS) to come out and look for prey. In their latest commercial, leading tax firm H&R Block intends to do just that, but are they telling you the whole story? We’ll analyze more about […]
In the coming months, all we be looking to complete their tax preparation and tax return, and for many of them, they will be wondering if they should do it the DIY way or hire a professional to help them out. Below, we will give you a complete breakdown of who should go it alone […]
During this time of year, we ditch the bookkeeping tips to tell you all about tax preparation. One of the biggest items associated with taxes is that the rich pay less because they utilize a bunch of loopholes that the little guy cannot. But as Steven Piascik of PIASCIK accounting says, “”Tax minimization means documenting […]