Real Estate Flipper
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Thinking of Becoming a Real Estate Flipper? Here’s a Primer on the Tax Rules

With mortgage interest rates low and home prices finally making a comeback, flipping real estate appears to be on the rise. This activity is even the theme of several popular reality TV shows. House flipping is, essentially, purchasing a house…
Single Family
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Tax Benefits for Single Parents

If you are a single parent dealing with the complicated tasks of working and raising a family, there are some tax benefits and issues you should be aware of. Filing Status – Just because you are single or widowed does not mean you have…

Dodging Tax Penalties

Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply not aware of the penalties or the impact they can have on their wallet. As tax season approaches, let’s look at some of the more commonly encountered…
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How to Check Your Credit Report for Evidence of Identity Theft

Imagine finding the home of your dreams. It's the perfect location, the perfect style, even the perfect price. Excitedly, you start the loan application process. You know this part of the process will be easy since you've always paid your bills…

Individual Taxpayer Identification Number (ITIN)

Find out the new procedures for getting an Individual Taxpayer Identification Number (ITIN). You can also go to www.irs.gov/itin

10 Ways To Protect Yourself From Online Identity Theft

Identity theft is becoming a bigger problem as more and more people are making the internet a bigger part of their lives. You may not think that an accounting or tax firm should worry about identity theft, but it is a major problem for us these…
small business planning

Give Your Business a Boost in the Coming Year

The New Year is right around the corner. Before it’s upon you, why not make a plan right now to give your business a boost. Give yourself and edge and start planning now. Step #1 - Review the data. Spend some time reviewing your business…

Smart Hiring Check List

Your business’s assets aren’t just the financial and physical objects owned by the company. In fact, the most important business assets the company possesses are the employees hired to get business done. The hiring process should include…
Depreciation

Depreciation

Depreciation is a term we hear about frequently, but don't really understand. It's an essential component of accounting however. Depreciation is an expense that's recorded at the same time and in the same period as other accounts. Long-term…