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During January All employers – Give your employees their copies of Form W-2 for 2014 by February 2, 2015. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by February 2. January 12 Employees –...

Satisfying though it may be to enter all of those customer payments manually on a paper deposit slip, it can also be tedious and time-consuming. The more successful in business you are, the more time and care it takes. Whether you accept cash, checks, or credit/debit cards, QuickBooks has...

Newlyweds and the recently divorced should ensure the name on their tax return matches the name registered with the Social Security Administration (SSA). A mismatch could unexpectedly increase a tax bill or reduce the size of any refund. For recently married taxpayers, the tax scenario begins when the bride...

Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, we can help you determine if some – or all – of your benefits are taxable. Here are five tips about how Social Security affects...

If you’re thinking about making a charitable donation during the holiday season this year and want to claim a tax deduction for your gifts, you must itemize your deductions. This is just one of several tax rules that you should know about before you give. Here’s what else you...

The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2015. In general, many of the pension plan limitations will change for 2015 because the increase in the cost-of-living index met the statutory thresholds that trigger their...

The Internal Revenue Service recently issued guidance clarifying the impact a 2014 individual retirement arrangement (IRA) rollover has on the one-per-year limit imposed by the Internal Revenue Code on tax-free rollovers between IRAs. The clarification relates to a change in the way the statutory one-per-year limit applies to rollovers...

Whether you file as a corporation or sole proprietor here’s what business owners need to know about tax change for 2014. Standard Mileage Rates  The standard mileage rates in 2014 are as follows: 56 cents per business mile driven, 23.5 cents per mile driven for medical or moving purposes,...

From tax credits and educational expenses to the AMT, many of the tax changes affecting individuals for 2014 were related to the signing of the American Taxpayer Relief Act (ATRA) in 2013–tax provisions that were modified, made permanent, or extended. With that in mind, here’s what individuals and families...

Congratulations to the San Francisco Giants and their World Series win over the Kansas City Royals! The Financial Dream Team (Leon Clinton and T.C. Clinton) celebrates with them during their game 5 World Series home win!

Anytime Employers – Income Tax Withholding. Ask employees whose withholding allowances will be different in 2014 to fill out a new Form W-4. The 2015 revision of Form W-4 will be available on the IRS website by mid-December. November 10 Employees who work for tips – If you received $20 or...

Do you remember why you started using QuickBooks? You may have simply wanted to produce sales forms and record payments electronically, over time expanded your use of the software–perhaps paying and tracking bills through it and keeping an eagle eye on your inventory levels. And, it’s likely that you’ve...