Lynda Doland, CPA gives some insight on which records you should keep, and for how long:
All too often, our files get cluttered with old records that we hold on to “just in case.” When it comes to tax returns and other supplemental documents, this article I found from CPA Practice Advisor has tips straight from the IRS:
The Corrigan Krause staff participates in “Community Service Day” twice a year. This winter, the staff took shifts sorting donations at the West Side Catholic Center in Cleveland’s historic Ohio City neighborhood.
The West Side Catholic Center is a homeless shelter that offers hospitality, hot meals, clothing, and services to the underprivileged men, women, and children in the Cleveland area. One of their biggest fundraisers is called the “ Read More >>
Kelly Linden, CPA has the scoop on this helpful tax benefit:
It’s not easy juggling all of the responsibilities of today’s working adult, especially if you’re a caretaker for children and family members. Mental and physical strain aside, financial resources can take a hit as well. However, dependent care benefits can help!
Dependent care benefits are a wonderful advantage for those who are responsible for children, elderly parents, or other individuals. T Read More >>
**UPDATE: This post has been updated as of 12/22/16** As we approach year-end, there are a few important updates to filing deadlines and rate changes to keep in mind. Shirley Wu, CPA explains:
New filing deadline for forms W-2 and 1099:
Beginning with the 2016 forms (e.g. those filed in 2017), Form W-2 and Form 1099-Misc, for payments reported in box 7, must be filed with the Social Security Administration or IRS, respectively, by January 31, 2017 rather than the prior Read More >>
Tax planning is an important part of personal finance, and everyone likes to save money! These tips from Chris Eichmuller, CPA can help you do just that:
The holiday season is upon us. So many people to see, cards to address, and so much food to eat. What a joyous- and hectic- time! One item that could be addressed before all the fun and excitement of last-minute gift wrapping is how can you prepare for, and save on, your individual taxes.
Here are just a few ideas to c Read More >>
