by Murry Englard, CPA | Apr 20, 2020 | Taxes
Each tax filing season brings about a discussion on the merits of retaining the services of professionals. Unfortunately, there are a few misconceptions about the process of letting a professional tax preparation service handle your filing. Before we take a look at...
by Murry Englard, CPA | Apr 20, 2020 | Taxes
An individual retirement account (IRA) is a type of tax-deferred account that is ideal for earning non-taxable money and saving for retirement. The following are the most popular IRAs that provide favorable tax benefits. 401(k) Plan: A 401(k) plan is provided by an...
by Murry Englard, CPA | Feb 11, 2020 | Accounting, Taxes
One of the most highly-advised financial credos, regardless of whether it’s professional or personal, is to be prepared in the event of an unexpected tragedy or occurrence. The first proverb about putting something aside against a hypothetical time of adversity has...
by Murry Englard, CPA | Jan 30, 2020 | Accounting, Taxes
As the year winds down, the time to prepare to file taxes draws closer. The 2019 tax season is not extremely different from last year’s, but there are a few changes taxpayers should be aware of. For many, the Tax Cuts and Jobs Act of 2017 is still difficult to...
by Murry Englard, CPA | Dec 9, 2019 | Taxes
Taxpayers may be missing out on deductions, which significantly reduce their tax bills or even earn them money if they don’t know about these ten deductions. Self-Employment Social Security- If you’re self-employed, you can deduct half of the 15.3%...
by Murry Englard, CPA | Nov 5, 2019 | Accounting, Taxes
Every American citizen is required to report income tax returns to a government agency known as the Internal Revenue Service, known to many as the IRS. In many instances, the IRS reviews an individual’s information and accepts their payment or remits refunds as...
