by Murry Englard, CPA | Jul 27, 2021 | Accounting, Murry Englard CPA, Personal Finance, Taxes
Adjusted gross income is utilized to calculate your credits and allowable deduction from your income. It is your pre-tax income (after all deductions and credits) less the tax. If your adjusted gross income goes lower than the threshold amount, you get to deduct the...
by Murry Englard, CPA | Mar 11, 2021 | Accounting, Murry Englard CPA, Personal Finance
A lot of twenty-year-olds think that they are too young to start saving for their retirement. However, if people who fall within this age range start saving from now, they will have enough money to live comfortably by reaching their retirement age. That being said,...
by Murry Englard, CPA | Mar 11, 2021 | Accounting, Murry Englard CPA, Taxes
We are now a few months into the year, which means it is officially the start of tax season. It may be a regular part of life, but filing taxes is still something everyone dreads. The ever-changing laws and regulations make it hard to know what to expect each year....
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...
