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Tax Talk

Tax Talk

Yard Sale Season Summer is a great time for cleaning out the house and setting up a garage sale. But have you ever wondered if you need to pay taxes on the income you earn from selling your used stuff? Typically, since the items sell for far less than what you paid...
Five Simple Tips to Lower Your Tax Bill

Five Simple Tips to Lower Your Tax Bill

You’ve filed or extended your 2014 tax return and now it’s time to plan for next tax season. Here are five simple tax planning tips for 2015. 1. Check your withholding. If you owed money in 2014 and weren’t self-employed, chances are that you might not be withholding...
Are Your Childcare Expenses Deductible?

Are Your Childcare Expenses Deductible?

According to the U.S. Department of Agriculture, it will cost an average couple $245,340 to raise a child born in 2013 to the age of 18. Luckily, there is a tax credit available for child and dependent care expenses to help parents recoup some of these costs. The...
Should Business Owners Keep Their Own Books?

Should Business Owners Keep Their Own Books?

Entrepreneurs thrive on a DIY mentality: Do It Yourself, and don’t pay for anything new until you absolutely have to. It’s especially difficult to justify hiring financial help like a bookkeeper. With user-friendly software such as QuickBooks available, many business...
Want to Come Clean About Taxes Overseas?

Want to Come Clean About Taxes Overseas?

You know that awful feeling you get when you have done something wrong and you just can’t wait to get it off your chest? It’s called guilt. Almost everyone has that guilty feeling at some time or another. When it comes to offshore accounts, for those who have been...
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