Are your property taxes out of control? County officials from New York are urging homeowners and residents to challenge their taxes with a grievance. “Property owners who grieved have seen their median tax bills increase by $466, or 5 percent since 2010. The median tax bills of those who did not appeal rose by $2,748, or 35.7 percent, over the same period…” [ Read more here ]
Do you think you’re paying too much in taxes? The Wall Street Journal is giving us a colorful breakdown of how each facet of our population falls into our tax scheme, and how it aligns with their income.
What’s in your future if you’re on the road to inheritance of an estate or other property? Every state’s laws differ, so what are yours?
“In addition to the federal estate tax of 40 percent, some states impose an additional estate or inheritance tax. Fourteen states and the District of Columbia impose an estate tax while six states have an inheritance tax. Maryland and New Jersey have both…” [ Read more here ]
Is it too late to file those 2016 taxes? What will your penalties be if you haven’t filed an extension?
“If you’re owed a refund, you can still claim it, and if you owe the IRS money, they’ll still be glad to receive it. However, the financial implications of filing late depend on whether you owe the IRS money or not, and if you had a legitimate reason for not filing before the deadline…” [ Read more here ]
The trusted tax services at Sterling Accounting will take away your tax season stress.
I know… the last thing you want to start thinking about again are next years taxes after just filing your 2016. Let the worry subside and get the help of Sterling Accounting to handle all your tax needs.
“You may think it’s too early to start thinking about your 2017 tax return, but in fact, planning right from the beginning of the year gives you the greatest opportunity to save money on your taxes…” [ Read more here ]
Let Sterling Accounting take over your office needs, so you can put that time into focusing to grow your business! From bookkeeping, to payroll and tax filing, don’t get caught up in time killing activities around the office.
And follow Sterling Accounting on Facebook today for the latest news and updates!
What’s your credit score? Credit bureaus are shaking up the way we borrow money, looking to change up their scoring model. “A new credit scoring model — expected to roll out in fall 2017 — aims to more accurately measure credit risk by using more historical data and machine-learning techniques while culling less reliable information….” [ Read more here ]
Taxes are an undesirable but necessary evil in life. But working your way through the paperwork is only the first offense – what do Americans think of how much they are paying out every year?
“In a broad sense the majority of Americans don’t find the tax system fair with 56% describing it “as either not too fair (29%) or not fair at all (27%).” Only 2% consider the system “very fair,” while 40% think it’s “moderately fair…” [ Read more here ]