There’s Still Time To Save On Taxes With These Holiday Tips

Taxes
‘Tis the season to save on taxes.

‘Tis the season to put your last-minute strategies in place to save on taxes.

And there are a few things you can do in the waning weeks of the year to reduce the amount you pay in taxes. Here are some tips.

Get your charitable ducks in a row

You have until December 31 to make charitable deductions that will save you money…

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GOP Committee Chair Floats Changes To Taxes

Taxes
An important Congressman has plans to change taxes.

The top tax person in the House of Representatives wants to revamp taxes, just a year after a major rewrite made its way through Congress.

Kevin Brady, the Republican Chairman of the House Ways and Means Committee, unveiled his proposal last week. Prospects for the proposal, though, aren’t clear. Brady won’t be the top person in the House when it comes…

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IRS Gift Tax Rules Benefit Wealthy

IRS
New IRS rules benefit wealthy individuals who want to pass on their treasure.

The IRS has released proposed rules that will benefit wealthy individuals who wish to pass on their money.

The proposed IRS rules clarify gift and inheritance tax benefits passed as part of last year’s overhaul of the tax code by the Republican-controlled Congress and signed by President Donald Trump.

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Wilton Manors Accountants Have Your Needs Covered

Wilton Manors accountants
The Wilton Manors accountants of Sterling Accounting can help with multiple issues.

Whether you’re looking for top notch tax preparation or business bookkeeping, the Wilton Manors accountants of Sterling Accounting can help.

As the Wilton Manors accountants point out on Sterling’s website: “We serve every client with a depth of resources and the highest level of expertise offering personal attention and access that…

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Withholding Changes Could Lead To Issues With Taxes

taxes
Our expertise in taxes can help you navigate issues with withholding.

Many Americans may face trouble with taxes because they’ve failed to take into account new withholding rules.

According to CNBC:

The IRS has been warning filers all year to ensure they’re withholding enough tax from their pay in order to avoid a surprise tax bill in 2019.

Turns out, few people seem to be listening.

At least that’s…

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IRS Boosts Limits For Retirement Accounts

IRS
The IRS has increased contribution limits for retirement accounts.

The IRS announced last week it had increased contribution limits for retirement accounts for 2019.

According to Money Magazine:

The cap on annual contributions to a traditional and Roth IRA, which hadn’t changed since 2013, will rise to $6,000 from $5,500. The catch-up contribution to these accounts for those ages 50…

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Hire The Right Business Accountant

business accountant
The right business accountant can make a big difference.

Few decisions are more important than hiring the right business accountant. But how can you be sure which business accountant is best for your company?

Thankfully, there are some rules of thumb you can follow when searching for the perfect business accountant.

Look at credentials and experience

Credentials aren’t the first and last word, but they can help indicate…

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Don’t Forget These Business Accounting Best Practices

business accounting
Business accounting has changed over the years. But some things are constant.

We know business accounting isn’t always the most fun part of running your company. But it’s extremely important to your success.

For that reason, you want to do it as well as possible. You can cover part of that responsibility by working with a business accounting expert. But even after you do that, you’ll want…

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Follow These Business Accounting Tips To Give Yourself Chance To Succeed

accounting
Accounting is part of business success.

Few people go into business with expertise in accounting. But business owners soon find out how important staying on top of the books is.

That’s where these accounting tips can help your business succeed.

Separate business, personal Books

One temptation, especially when you’re just starting out, is to mingle business and personal finances.

Don’t give in to the temptation. “Having a dedicated business bank account,…

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Tax Audits Fall Victim To Budget Cuts

tax audits
The IRS has cut back on tax audits.

The IRS has pulled back on tax audits following years of budget cuts at the agency.

The agency’s enforcement division was slashed as a result of 2011 budget cuts, according to a joint investigation by Pro Publica and the New York Times. According to the report:

Bringing cases against people who evade taxes on legal income is central…

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