What No One Tells You about Social Security Benefits

What No One Tells You about Social Security Benefits The system of receiving Social Security Benefits was introduced way back in 1935 when the then President, Franklin Roosevelt, signed the Social Security Act. The current regulations governing Social Security Benefits have been through various amendments since their inception. Currently, under the Social Security Benefits, four [...]

2017-08-03T13:37:12+00:00 May 29, 2017|News and Social|0 Comments

Health Savings Account Deductions

Health Savings Account Deductions Planning for healthcare costs is very important considering the high cost of medical treatments. As such it becomes imperative to opt for health insurance plans which cover the medical costs whenever they incur. However, health insurance plans have deductibles and if you have a High Deductible Health Plan (HDHP) your pockets [...]

2017-08-05T12:37:50+00:00 May 29, 2017|News and Social|0 Comments

Significance of Filing an Annual Report

Significance of Filing an Annual Report What is an Annual Report? Most entities are subject to regular reporting requirements to the federal government, state jurisdiction, and/or local jurisdictions in which business is transacted. The definition of an annual report is a required filing due to the Secretary of State, usually a listing of directors, officers [...]

2017-08-05T12:53:11+00:00 May 29, 2016|News and Social|0 Comments

Choosing a Tax Accounting Method

Choosing a Tax Accounting Method Do you know that accounting method actually used on the initial return is an election of that method, so tax payers should carefully analyze financial data to ensure that the method is applied properly. A business must use the same accounting method to figure its taxable income and to keep [...]

2017-08-05T13:07:40+00:00 May 29, 2016|News and Social|0 Comments

Is Bookkeeping Important to My Business?

Is Bookkeeping Important to my Business? Bookkeeping is comprised of two words "Book" and Keeping" where "Book" means the collection of records and "keeping" is their maintenance. In this sense, Bookkeeping is an activity or process of collections, retention and maintenance of financial records of a business. This activity of maintaining accurate records cannot be [...]

2017-08-05T14:54:17+00:00 May 29, 2016|News and Social|0 Comments

Significance of “Outsourcing – BookKeeping”

Significance of "Outsourcing – BookKeeping" One of the biggest challenges for small to mid-sized companies is efficiently managing and updating financial records. The task often falls on the company's owner who is busy enough trying to run the day to day business functions. If financial record keeping responsibilities doesn't fall to the owner, they are [...]

2017-08-05T14:59:59+00:00 May 29, 2016|News and Social|0 Comments

Choosing a Better Business Structure

Choosing a Better Business Structure Of all the choices, you make when starting a business one of the most important is the type of legal organization you select for your company. This decision can affect how much you pay in taxes, the amount of paperwork your business is required to do, the personal liability you [...]

2017-08-05T15:12:10+00:00 May 29, 2015|News and Social|0 Comments

Tax Avoidance is Legal; Tax Evasion is a Crime

Tax Avoidance is Legal; Tax Evasion is a Crime As an individual taxpayer and as a business owner, you often have more than one way to complete a taxable transaction. Tax planning evaluates various tax options to determine how to conduct business and personal transactions in order to reduce or eliminate your tax liability. Although [...]

2017-08-05T15:23:35+00:00 May 29, 2015|News and Social|0 Comments