If you’re in the property rental business, there are several things you need to know this tax season. Individual return filing ends on April 15th, so you have either already filed or will be filing shortly. Whatever your situation is, these tips can prepare you for an efficient and rewarding tax season. Have a system. […]

Do you drive your personal vehicle for work? Do you find yourself running errands for work in addition to your regular commute? Well, there’s good news. It’s deductible! Here are the 3 tips to help you get the most out of every mile during tax season. Track all your work-related mileage. This includes trips to […]

Listen up, this information is a rare and very valuable gem for the business owner! If the conditions are right, this can save thousands every year for “the little guy.” Health insurance and medical expenses are usually a touchy subject for the self employed. Although the premiums are a write off, there are still some […]

Don’t pay unnecessary fines and penalties! IRS has announced changes to 1099 penalties. Did you know that the penalties for incorrect information or failing to file 1099s is more severe this year? The Trade Preferences Extension Act of 2015, which affects all forms filed in 2016, increases the fines per failure significantly. New Law Regarding […]

Ready to file your taxes? The IRS will be accepting returns beginning January 19th, 2016. This year the deadline is April 18, 2016. Massachusetts returns have one additional day and are due April 19, 2016. The IRS expects over 150 million returns over the next few months, so don’t wait till the last minute. Here […]