Filing Taxes Properly

4 Important Bookkeeping Concepts Every Bar Owner Should Know

Owning a running a bar or brewpub calls for you to perform a variety of tasks that you may not have done otherwise. Bookkeeping is one of these jobs that few bar owners relish. But there are a few basic bookkeeping concepts that are important to get right if you want to make money.  Here's an overview of four vital accounting figures you need to understand. Labor Expense The cost of labor is the cost of hiring and paying employees. Read More 

Lesser Known Reasons Why You Should Pay Your Taxes To The IRS Each Year

There are some people who make the mistake of going years without paying taxes to the federal government because they assume that they are one person and will fall between the cracks. This is not always the case, though. It may take many years for the IRS to determine that you have not paid taxes, but once they do, you could face serious penalties for your neglectful needs. The following guide walks you through what can happen if you avoid paying your taxes for years on end. Read More 

Tax Season Will Be Here Sooner Than You Think: 3 Reasons You’re Going To Need A Tax Professional

Tax season may be over for this year, but next year's season is just around the corner. Now's the time to start preparing for the next wave of financial headaches. If you're not a licensed tax adviser, the entire process can be enough to make you want to pull your hair out. Luckily, those professional tax advisers have the experience necessary to help you avoid the stress so you can get down to the business of tax filing. Read More 

Funding Medical Costs with a Rollover from a Traditional IRA to a Health Savings Account

Several types of tax-deferred retirement accounts can be rolled over to a different type of tax-deferred account. One such rollover is the conversion of an individual retirement account to a health savings account. Tax filers who anticipate a future need to pay increased medical expenses may be able to transfer IRA funds to an HSA before withdrawing the funds tax-free. Contributions to a traditional IRA are not taxed up front, but distributions are normally taxed when eventually withdrawn. Read More 

Avoid These 3 Mistakes When Using A Trust For Estate Planning

You've likely worked hard your entire life to build a career, raise a family, and accumulate substantial assets. Now it's time to plan a strategy for distributing those assets to your loved ones and favorite charities after you pass away. One effective tool to manage your legacy is a trust. A trust is a document that can give you more control over how and when your assets are distributed. It can also help you minimize probate costs and taxes, ensuring that more of your assets actually flow to your heirs. Read More 

About Me

Filing Taxes Properly

Once my business started taking off, I realized that any mistakes that I made with my taxes would have effects on a much broader scale. It occurred to me that instead of doing taxes on my own, it might be smart to have a professional accountant take over. I started looking around and I found a great business that specialized in tax services who could help. They were incredible to work with and I was really pleased with the services that they offered. They went through my account statements to look for problems, and I was really impressed. This website is all about filing taxes properly, and why you might need an accountant.