College is a dream for many young people, but it can leave their parents lying awake at night trying to figure out how to pay for it. However, tax regulations have provided a 529 savings...
Posted by BHATIA & CO, INC, CPAs on 03/19/2016
When the Affordable Care Act (ACA) was enacted, there were also various tax provisions that went into effect, along with specific requirements to have health insurance. Various groups...
Posted by BHATIA & CO, INC, CPAs on 03/03/2016
If your employer does not offer a retirement savings plan, it can be difficult to take the next step to begin the process of saving. However, the U.S. Treasury Department is now offering...
Posted by BHATIA & CO, INC, CPAs on 02/23/2016
When filing your taxes, most individuals see the current tax bracket system as a mystery and are often left scratching their heads over how much tax they actually owe. The system may...
Posted by BHATIA & CO, INC, CPAs on 02/05/2016
For many, filing their tax return leads to a tax refund depending on their status and income. Working with a tax preparer, such as Bhatia & CO, INC, CPAs in Santa Clara, CA, you...
Posted by BHATIA & CO, INC, CPAs on 01/30/2016
As the owner of a small business, you understand the need to be financially organized. This means managing your books well, including tracking your collections, debts and any investments....
Posted by BHATIA & CO, INC, CPAs on 01/30/2016
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...
Posted by BHATIA & CO, INC, CPAs on 01/24/2016
Are you an American native planning a move overseas or are you already living abroad? Do you have years of pendingtax returns? Even though it may seem tempting, you should never ignore...
Posted by BHATIA & CO, INC, CPAs on 01/20/2016
Marriage is good for many reasons. Apart from the fact that married couples are happier (at least a majority of them), marriage also takes some financial burden off your shoulders....
Posted by BHATIA & CO, INC, CPAs on 01/13/2016
If you’re working as an employee of the company you’re contracted to, then your tax situation is pretty much straight forward. In fact, you may not have a lot of tax questions...
Posted by BHATIA & CO, INC, CPAs on 01/13/2016
All Santa Clara taxpayer will try to do his/her best to ensure that the taxes paid are minimal. In order to do so, you may have to do a lot of tax planning and preparation. Your tax...
Posted by BHATIA & CO, INC, CPAs on 01/06/2016
If you are talking about tax deductions, the richer you are, the better it is for you. The middle class people of America have some tax breaks in their kitty like those of wealthy...
Posted by BHATIA & CO, INC, CPAs on 01/04/2016
So, you have finally retired and are all set to sit back and relax when you are suddenly slapped with a tax return form. Managing taxes with a fixed income in retirement can be quite...
Posted by BHATIA & CO, INC, CPAs on 11/29/2015
As tax season approaches, you may race to hire a tax preparer in order to file your tax returns in time. But in your haste, make sure you don’t choose a tax preparer who is ready...
Posted by BHATIA & CO, INC, CPAs on 11/29/2015
The US tax system is continuously growing as the government is constantly adding new rules to close loopholes and increase tax revenues. Yet, there remain many strategies people can...
Posted by BHATIA & CO, INC, CPAs on 11/19/2015
Whether you are self-employed already or thinking about going down the independent route, an important consideration of this status is how to lower your taxes. Granted, this is an...
Posted by BHATIA & CO, INC, CPAs on 11/19/2015
In case you shift to another location due to your job in the current fiscal year, the Internal Revenue Service (IRS) allows you to claim the tax deductible for moving expenses in the...
Posted by BHATIA & CO, INC, CPAs on 10/30/2015
There are many companies who have been operating in the industry for a long time but they have never gone through an audit. Similarly, the companies who are about to go public; should...
Posted by BHATIA & CO, INC, CPAs on 10/30/2015
What is money laundering? Money laundering is a criminal act perpetrated by individuals in which they disguise the real ownership and control of the proceeds of illegal conduct by...
Posted by BHATIA & CO, INC, CPAs on 10/30/2015
Everything you need to know about audit procedures Audits are done to protect the capital markets. They assure and provide confidence to investors and potential investors in an organization’s...
Posted by BHATIA & CO, INC, CPAs on 10/30/2015
