Tag Archives: Tax

IRS Standard Deductions for Tax Year 2014

The IRS has announced inflation adjusted tax brackets and standard deduction amounts for tax year 2014, effective 1 January, 2015. These are the numbers that you will have to use to prepare your 2014 tax returns in 2015. Standard deductions … Continue reading

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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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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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