Tax season is stressful for everyone. From gathering tax documents to finding out how much you owe (or hopefully how much you’re receiving), the process can be overwhelming. The hardest part, especially for small business owners, is finding out that you owe more than you can afford. If you’re having trouble finding a way to pay off your tax debt, you can file for a tax payment plan with the … [Read more...]
IRA Contributions can Help Protect Your Taxable Income
We all work hard for our money, and when tax season rolls around, it’s hard to comprehend the idea that we might have to fork some of it over to the government. One of the ways to reduce your taxable income is to open and contribute to an IRA. IRA Contributions An IRA, or individual retirement account, is a retirement savings account. There are several different types including SIMPLE IRA, SEP … [Read more...]