Category Archives: Taxes

Tax Tips For Small Businesses – What To Deduct

If you are a self-employed entrepreneur running a small business, you know how frustrating the annual tax filing process can be. There are qualified tax and accounting professionals to make your job easier, but it always helps if you have some basic tax … Continue reading

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Tips for Small Business Tax Planning

Many small business owners find the current tax system challenging, and that owning a business is sometimes more expensive than being paid a salary as an employee. But with proper tax planning, small business owners can have a hassle-free experience … Continue reading

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IRS Standard Deductions

A standard deduction is the dollar amount by which your taxable income is reduced. The amount of standard deduction is linked to inflation and can change from year to year. Standard deductions also depend on the filing status of the … Continue reading

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Updated Minnesota Tax Legislation Affecting 2013 Taxes

Friday, March 21st, the Legislature passed a federal conformity bill and Governor Mark Dayton signed it. Some of the changes in the bill affect tax year 2013. The Minnesota Department of Revenue is working right now to identify the changes … Continue reading

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Filing Taxes Online is Gaining Popularity

Over the last decade we have grown in our use for the Internet. Now, just about everything can be done through one of the millions of websites, from buying your groceries, reading magazines, to filing your taxes. With the increased … Continue reading

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Preparing to File Taxes in 2014

IRS began accepting tax returns on January 31st, officially kicking off the 2014 tax season. Here are some helpful tips to prepare for filing taxes this year. Organize your paperwork Proper reporting is the key to successful tax filing. It … Continue reading

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