Uncle Sam advises all taxpayers, which involves individuals and businesses, to estimate their accounting period in a year referred to as a tax year. Although, It is generally agreed...
Posted by Accurate Books And Tax on 01/13/2021
If a taxpayer had their personal property destroyed, they could claim casualty and theft losses. For one to qualify for this deduction, however, there must be a sudden and unplanned...
Posted by Accurate Books And Tax on 01/06/2021
The year 2020 is almost winding up, and many people will never forget the year and its effect. I am sure the entire human race will do anything not to have a year like 2020 nor have...
Posted by Accurate Books And Tax on 12/31/2020
During the last ten years, the cost of college has risen by more than 25%. As tuition and fees increase, you may be looking for ways to reduce the cost of education.Lifetime Learning...
Posted by Accurate Books And Tax on 12/24/2020
As the end of 2020 is upon us and with hopes of better & healthier days ahead, the inevitable comes with it, in terms of having to file our taxes by April 15th, 2021, but as so...
Posted by Accurate Books And Tax on 12/19/2020
Come tax season, your ultimate goal when it comes to filing your return is to maximize your tax savings. There are several ways to do this both throughout the year with investment...
Posted by Accurate Books And Tax on 12/03/2020
Everyone that needs to pay for school fees using Coverdell ESA or 529 will likely get Form 1099-Q from the IRS. This reveals the entire withdrawal made in the year to cover your school...
Posted by Elliot Kravitz, ATP on 11/30/2020
The TCJA that was passed in 2017 significantly reduced the corporate tax rate and introduced the Qualified Business Income Deduction (QBID).The QBI deduction makes it possible to reduce...
Posted by Elliot Kravitz, ATP on 11/24/2020
The standard deduction can help you deduct thousands of dollars from your taxable income. What is it, and how do you claim it?It is never too late to start thinking about how you plan...
Posted by Unifirst Financial & Tax Consultants on 11/24/2020
