There are a few changes that may affect individuals and small business owner in this upcoming tax season. The following checklist outlines these changes and provides a short description of what that change means. Click anywhere on the checklist to get a closer view. Of all these changes, the one that will hurt our pockets immediately is the elimination of the Making Work Pay Credit. That credit is no longer available for 2011, in the [...]

Have you ever wondered how your tax preparer comes up with the end result of the taxes owed or refund due on your tax return? Well, one very important factor is the Standard Deduction or Itemized Deductions. All taxpayers have the option of either taking the standard deduction or itemizing their receipts on their tax return. If you itemize it’s because you paid out real estate taxes, property taxes, medical & dental expenses, and a [...]

It’s getting close to that dreadful time of year, tax season!! There has been a lot of doubt with this upcoming tax season because a lot of the tax credits and laws that were in place during the Bush era were due to expire in 2010 and although some were extended, many were not. As a tax professional I feel it’s my duty to educate the public on such changes, therefore, during this week I’m [...]

Today President Barack Obama signed an executive order to tackle the crushing debt that those of us with student loans have to deal with. When I read the article and dug deeper into the details of this reform, I found myself smiling but most importantly I felt a HUGE load lifted off my shoulders. For those of you that don’t know, I enrolled in school again for a degree in Web Development and Design and [...]