For many individual taxpayers and small business owners, using independent contractors can mean a reduction in tax liability for funds paid out, but can also mean that you are not...
When you have a child with special needs, there can be plenty of concern regarding their care when the parents or other family members are no longer able to care for that child, due...
When it comes to saving for retirement, there are multiple options available. Since the encouragement is to save as much as possible, as early as possible, here are a few of the saving...
Many families will find that it is convenient, as well as a good way to make some extra money, to rent out their homes on occasion when they are gone. They may live in a big city or...
Posted by Patrick O'Hara, EA on 03/02/2016
When it comes to your retirement, it is best to get started as early as possible. You want to make sure that you are setting aside plenty of money in order to be comfortable in retirement,...
Posted by Patrick O'Hara, EA on 02/21/2016
You have been putting money away for years. You wanted to be prepared in case there were some emergencies so you wouldn’t have to come up with a lot of money out of pocket. But many...
Medical expenses can add up quickly. There always seems to be more of them and getting sick is something that you can’t always control. Many families feel like they are weighed down...
For some people, filing their taxes is like playing the lottery. They often do not understand the taxing process (no one understands it completely), but they assume that they...
Posted by Allan J Rolnick, CPA, CTC on 01/21/2016
Want to reduce your tax burden? Learn what the term ‘dependents’ mean as defined by the IRS. You will be happy to know that you can save up to $4,000 income tax for...
Posted by Financial Balance LLC on 01/04/2016