Category Archives: Individual Taxes

Tax Time, Ready or Not

It’s always a huge relief to many people who get their taxes done early. That gray cloud of stress that nags at you to get it over with can be gone in a matter of weeks instead of months.  April … Continue reading

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2016 Arizona Tax Credits

As the year-end approaches, are you looking to make a year-end donation to an Arizona charity that also qualifies as an Arizona Tax Credit? Here is a list of six of the credits available. Please note that these are Nonrefundable Individual … Continue reading

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What Is Real-Time Accounting (and Why Should You Care)?

What Is Real-Time Accounting (and Why Should You Care)? Real-time accounting is when your books are caught up to the present and you know exactly where you stand with your account balances, revenue, and profit.  It’s truly doing your accounting … Continue reading

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Will You Pay an Extra Tax for NO Health Insurance?

Will You Pay an Extra Tax This Year for Not Having Health Insurance? New for Tax Year 2014 is “The Individual Mandate” (aka Individual Shared Responsibility), which is part of the Affordable Care Act (aka Obamacare or Health Care Law). … Continue reading

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Navigating Nanny Taxes and Household Payroll Compliance

Navigating Nanny Taxes and Household Payroll Compliance Time is precious for most of us these days, and often, we need help at home so we can have more time to run our businesses or careers. That may mean hiring help … Continue reading

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The Fine Art of Prioritization

Running a business usually means putting in over 40 hours a week.  In fact, if you’re the typical entrepreneur, you have more ideas you want to implement than you have time for!  That’s when proactive, strategically executed prioritization can make … Continue reading

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Are Your Social Security Benefits Taxable?

All Social Security recipients should receive a Form SSA-1099 from the Social Security Administration which shows the total amount of their benefits. But many people may not realize the Social Security benefits they received in 2012 may be taxable. The … Continue reading

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IRS Provides Relief for Hurricane Sandy

In the aftermath of Hurricane Sandy, the Internal Revenue Service has announced several types of relief aimed at helping affected individuals and businesses. Here are two of them. QUALIFIED DISASTER TREATMENT OF PAYMENTS TO VICTIMS OF HURRICANE SANDY In light … Continue reading

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3 Ways to Spend Wisely in December

While in the mode of holiday shopping, consider these 3 tax-smart purchases. Make Charitable Contributions Consider making charitable contributions before year-end both to obtain the maximum tax deduction and to fulfill any charitable programs or commitments you may have established … Continue reading

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2012 Tax Changes for Individuals

Here’s what individuals and families need to know about tax changes for 2012. From personal deductions to tax credits and educational expenses, many of the tax changes relating to individuals remain in effect through 2012 and are the result of … Continue reading

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