Running a small business is expensive. At tax time, it is important to take advantage of all of the tax deductions that are allowed to you. Tax deductions ultimately reduce your tax liability and lower the amount of money that you owe to the government.
While the Fiscal Cliff crisis was averted, the tax hikes Congress was unable to stop have increased significantly for small businesses. Overall, the tax increases faced by Traverse City small business owners are substantial (not taking into consideration the deductions phased out), healthcare surtaxes on
The only thing worse than taxes is paying more in taxes than you actually need to. Small businesses can benefit from expert accounting and business consultant advice from an experienced Traverse City CPA that helps them avoid overpayment put those resources to work for their
When you incorporate your business, you can choose to register your business in a number of ways. You may elect to open up shop as a sole proprietorship, a limited liability corporation (LLC), or a corporation. There are two versions of corporations – S Corp
The collective tax changes in 2013 have been referred to by many as Taxmaggedon. When all of the proposed tax changes go into effect, your take home pay will likely decrease significantly. Consulting with an experienced CPA, in Traverse City now will help you prepare.
Divorcees often suffer from unexpected tax prep complications. Visiting with trusted Traverse City tax accountants early can help you navigate these challenges without overpaying your taxes or inviting an audit. Here are some items to consider if you are filing your taxes and are separated or
No one wants to waste money, and while it feels good to make a donation to an important cause, overpaying your taxes is not the same. Unfortunately many Americans overlook tax deductions and do just that. Fortunately an experienced accountant in Traverse City can help.
It easy for small business owners to make a mistake in relation to their accounting, bookkeeping, and tax filing. Unfortunately, the IRS takes little mercy on business owners who mess up their tax return. Many Northern MI business owners could benefit from the professional guidance
The government likes to encourage small business growth by allowing various types of tax incentives that are available only to the owners of small businesses. These tax incentives increase business tax deductions, reduce the tax liabilities of a business, and allow business owners to reinvest
Whether you file your taxes online at home or you make an appointment with your accountant each year, preparation is the key. As soon as the calendar page turns, it is important that you start getting organized. Gathering all of your tax documents and receipts