Year End Planning

2017 is coming to a close with sweeping new tax legislation on the horizon. While the changes don’t take effect until 2018 (with one minor exception), I want to alert you to some steps you might take before year-end to preserve the best possible tax results. As you explore these ideas, mostly you will find…

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Who Should File a Tax Return?

Who Should File a Tax Return? Everyone’s situation is different when dealing with taxes. It may come as a surprise, but not everyone has to file taxes. Commonly, if your total income for the year doesn’t surpass the standard deduction plus one exemption and you aren’t a dependent to another taxpayer, then you don’t need…

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Self Employed

Tax Tips for the Self-Employed

Tax Tips for the Self-Employed If you’re self-employed, you generally have a trade or carry a business.  Two types of self-employment are: sole proprietors and independent contractors.  If you work as an independent contractor and have not setup a business entity, like an LLC or corporation, your business is essentially the same as a sole…

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