Americans gave $520.23 billion in charity in 2015, equivalent to 3% of the U.S. GDP (gross domestic product). The majority of that charity, $418 billion, came from the individuals...
The legendary musician Miles Davis has a famous quote when asked about the definition of jazz music: “If you have to ask, you’ll never know…” Luckily for us, taxes don’t...
No one is born knowing the ins and outs of all the tax write offs available to the average American. This is especially true with all the revisions and opportunities that the IRS makes...
For many individual taxpayers, the only thing worse than having to meet with your tax professional to file your taxes is finding out that you paid more tax than you needed to. While...
Posted by James Wells EA MBA Tax Office on 01/21/2016
Sometimes we take it for granted but the truth is that the more tax deductions you can legitimately get, the lower your taxable profit will be. So, the goal should be to get as many...
If you operate a small business and have the need to control and manage every small detail of that business, you may be inclined to do your business taxes by yourself, without the...
Posted by James Wells EA MBA Tax Office on 01/06/2016
The US tax system is setup on both the federal and the state level. There are several taxes which citizens must file. These taxes include: income tax, capital gains and sales tax....
Posted by East West Accounting Services LLC on 01/05/2016
Tax returns can be quite a task if you are not aware of what all deductions you can include and how to itemize them. But the Internal Revenue Service website contains all the information...
Tax deductions can prove to be very beneficial for your small business setup. Not only do they put extra money in your pocket every year, but they also provide you various personal...