Another tax season has come and gone, and if you're receiving a tax refund, you may be wondering what to do with it. First of all, if your refund seems too large, you might want to check your withholdings. That money could be better spent throughout the year. If you've had any major life changes - marriage, divorce, new baby, new job - make sure your W4 reflects that. The same Continue Reading
Tax Season: Prep Help for Last-Minute Tax Filing
It's tax season, and the deadline is just a couple weeks away! Maybe you were busy with work, you were still waiting to compile important documents, or you forgot about tax time altogether. Whatever the reason, last-minute tax filing is common; according to the Internal Revenue Service, 20-25% of Americans wait until the first two weeks of April to file. When it's this late in the game, you've Continue Reading
Tax Prep Tips for the Self-Employed Physician
If you're a self-employed physician or small business owner, then you know your taxes are more involved and complicated than when you work for someone else. There are more details to track, prepare and prove when it comes to tax time. So how do you cover your bases? Here are some tips to get your taxes ready, plus input from John McCarthy of McCarthy Tax Preparation. 1. Be Prepared for Estimated Continue Reading
Your Year-End Financial Checklist
Managing your money to reach your financial goals is a never-ending activity. But as the end of the year approaches, there’s still time to make progress towards your yearly goals. Use this financial checklist to see if there's anything you can do before the end of the year. With the tax year winding to a close, a few moves might make a big difference. 1. Review Your Year Every financial move Continue Reading
What You Need to Know About Restricted Stock Units
Are you receiving restricted stock units from your employer, but you’re not sure what to do about them? If so, you’re not alone. Restricted stock units (RSUs) are complicated, and very few people know how to make the most of them. If you're a more visual learner, jump to the bottom of this blog post to watch our video on restricted stock units. Many technology companies like Google, Yahoo, Continue Reading
4 Tips to Help You File Your Taxes On Time
April 15th is almost here. That means Americans have less than a week to prepare their personal income taxes and send them off to the IRS. If your busy schedule has kept you otherwise occupied, you may now be in a panic to get your taxes done and sent off to the government before the deadline. A lot of people are scared of taxes, but there's no need to fear your personal income taxes. With the Continue Reading
6 Ways Professionals Should Spend Their Money
Do you feel like you’re always reading articles about what you shouldn’t spend money on? Well, this is not that kind of article! If you’re a professional, here are six things that might be worth your hard-earned cash. Several good suits and a good pair of shoes If you ever need to go on a job interview, or your profession often puts you in front of clients, you’ll need a few nice suits or Continue Reading
7 Year End Tax Tips to Consider
You may be focused on family gatherings, hot chocolate, and ugly sweater parties, but make sure you also take a few minutes to evaluate your end of year tax strategy. There are a few more things that you can still do before the end of the year to make sure that you’re getting the most bang for your buck. The following tax tips could save you money. Contribute all that you can to your 401(k) or Continue Reading
Having A Good Relationship With The IRS
Does the word “tax” make you want to take a nap? Yeah, me too. But taxes are an important part of your financial picture, and one that is often overlooked. Paying close attention to all aspects of your tax picture — from how much is being withheld from your paychecks to which credits and deductions you qualify for — can either save (or lose) you thousands of dollars over the years. After Continue Reading