Having the right insurance coverage is one way we can all protect our financial assets. With insurance, you’re largely protecting yourself against the unknown. However, for individuals living with disabilities, smart financial planning also includes preparing for the long-term costs you know you will face later in life. Protecting Your Family Adults with disabilities are a diverse group... continue reading →
You are always going to spend money on your kids, even when they are grown. When life kicks in, it will be hard for them to find a career they love, and that pays well. Help yourself and help them by giving them a job. Employing your kids is smart. The Tax Advantages Hiring your child has tax advantages... continue reading →
Trusts are taxed differently from regular bank accounts or savings accounts because of how they accrue interest. You need to know the rules when you are planning on using a trust to care for your children or your grandchildren. Plus you need to understand how the income tax is handled when money is taken out of the trust. Each... continue reading →
When Will I Receive My Amended State Return? Each state has its own way of processing amended state tax refunds. Paper returns will take longer. By looking up “Where’s My State Refund”, you will be able to click on your state and find the site for getting the information about your amended return. In most states, if you have... continue reading →
Tax season is a season some taxpayers look forward to every year. The reason being, they will get a refund from the IRS of their weekly withholdings. Despite this refund, there are many taxpayers who have questions about their taxes. For a Maryland CPA firm, it is the busiest time of the year. Here are a few frequently asked... continue reading →
A 529 tax deduction is a specialized savings plan that parents put in place to help save up for when their kids go off to college. This special savings account can be used to help parents pay for the expenses that occur from college, and it is a tax-free program. Most parents who set up a 529 plan find... continue reading →
Tax filing time is approaching fast. Most people need to get their finances in order and find a professional tax preparer to help them file their taxes. With the right tax preparer, you will be able to work through your finances together and complete your taxes on time. We have professional tax preparers who will help you to relieve... continue reading →
Charitable donations are a splendid way of showing humanity that you care. Moreover, contributing to a charitable course is also a remarkable way of giving back to society without having any qualms. However, regardless of the excellent intentions that you might have in your heart while contributing, you should always remember that deductions for these contributions still exist. Additionally,... continue reading →
What Is The IRS Mileage Rate For 2018? Changes From 2017 When you travel for work and deduct mileage, you wait with bated breath every year for the IRS to announce the new rates. 2018 rates are in, and with some slight changes. I’m here to introduce the new rates and help you figure out how you might be... continue reading →
New Tax Bill – Unpredictable Outcomes, Cuts for Corporations, and Increased Deficit When it comes to the United States, there are few things as certain as taxes. Regardless of extenuating circumstances, paying taxes is about as mandatory as stopping when a police officer pulls you over. Meaning, you could choose not to, but it will inevitably land you in... continue reading →
