Taxpayers can qualify for various tax credits to reduce their tax liability, one such credit is the child tax credit. To qualify for the child tax credit, the qualifying child must be under 17 years old and a U.S. citizen or a U.S. permanent resident alien. ...read more
Many people give money to family members as a gift in their time of need or if they come into a substantial amount of money. Giving money to a family member can sometimes be taxed; however, there are ways to avoid this this and give money to family members free of tax. ...read more
Many people have opted to learn to file their taxes themselves. This is a great way to save money, and it puts people in control of their own tax return. The process can be confusing, but there are enough resources to learn the correct method. ...read more
Tax filing time is not a time many people enjoy, except maybe professional accountants. This process is time consuming, confusing and often overwhelming. Preparing yourself in advance is the best way to ease some of the stress associated with process. ...read more
Federal income tax withholding is the types of taxes that are taken out of your paycheck. This tax includes Social Security, income tax and Medicare. Understanding your Federal income tax withholding is important to make sure you are not paying too many taxes or not enough. without support around lenses. ...read more
TaxBrain is an online tax preparation software. Through TaxBrain's website you can calculate your state and federal tax return information, and then file them each online. You can check your return for free, but filing does require a fee. Pricing varies depending on your return and your location. ...read more
The US follows a progressive taxation system. This means that the tax rate increases as you earn more money. The higher tax rates are only applied to income that reaches above a certain level. You can easily calculate your effective income tax rate if you are curious as to how much income tax you will pay this year. ...read more
Completing and filing your taxes online can be easy and sometimes free by using one of the many online packages available online. You will have the ability to complete both Federal and state returns and submit them via any Internet connection. ...read more
Foreign currency trading can be a great way to make money. There are strict tax laws on currency trading. At home trading is becoming more and more popular with people who wish to get in on the ground floor of this lucrative business. It will behoove a trader to know the tax laws before diving into the foreign market. ...read more
Filing your income taxes can be trying for anyone. However, with a few simple tips and tricks, you can have it under control in no time. Getting organized is the first step to getting control over your taxes. Doing this from the start of the year is the best way to be prepared. If your halfway through the year and need help, do not worry, it is not too late. ...read more
Small business owners must file taxes just like individuals, and the IRS has several different forms specifically designed for business owners to file the right information. You can find IRS forms at your local library or online from the IRS website. Depending on the size of your business, you may also opt to have a certified public accountant file your small business taxes for you. ...read more
The way you file a state income tax return will determine when you will get a refund. If you choose to mail the state tax return, the refund might take six to eight weeks. If you e-file the return, it will take only one to two weeks. You must also be sure your address is correct to ensure you receive the return in a timely manner. ...read more
If you wish, you can deduct the amount of taxes that you pay into your state of residence or you can also file for a deduction for the amount of state sales tax that you have paid in this year. You may only file for one of these deductions on your tax return so it is best to determine which option will provide you with the largest deduction. ...read more
Learning how to prepare your own income tax returns is not as hard as you may think. With the help of simplified forms such as the 1040EZ, as well as tax preparation software, such as Turbo Tax, filing your own taxes can be a quick and easy process that you can easily complete yourself in no time. ...read more
Once you know your tax bracket, you will know what every additional dollar of income will incur in the form of extra taxes. Somebody in a 15 percent tax bracket will face very different tax scenarios than someone in a 25 percent tax bracket. ...read more
By Glenn Fedberg November 27, 2018
Alex was very professional with his work and his customer service was superb. He was one of a kind Accountant that I’ve been working with, his skills were impeccable in this kind of work. Overall, we had an awesome workmanship with him and we highly recommend him and his company to everyone. ...read more
By lilpes22 April 22, 2014
ZERO STARS They failed at the one thing that they were hired to do. We hired this company in February after deciding that the accounting firm we had used for the last few years was too big to really care about our tiny business. Morling & Co., a firm that seemed tailored to small businesses, told us no problem, gave us an info packet, and said if we got the info packet back to them by March 21st, our taxes would be prepared and e-filed by April 15th. So, we fill out the appropriate information about our finances, gather all tax documents and send them off by March 21st as directed. We heard from them once right after sending the packet, where they called and asked a few follow-up questions. Then, nothing....we waited and waited. When we hadn't heard from them by April 14th, my husband and I were fairly concerned. Tax day came and they still hadn't called, so my husband calls and they admit that THEY DID NOT DO OUR TAXES!!! What?!?!?! Then, to try and escape the liability they themselves created, they "advised" us to pay a tax rate of what amounted to 50% of our income to cover THEIR butts so that penalties and interest wouldn't start to accrue. FURTHERMORE, he tried to get US to file the extension for filing when THEY were the ones that missed the deadline, so that it would seem like WE had missed the deadline, and not THE FIRM WE HIRED TO WORRY ABOUT THIS STUFF FOR US. To make matters worse, when we were able to see what little calculations they had actually accomplished, they had our income off by $62,000!!!! I know all of this sounds made up, I can hardly believe this happened myself, but unfortunately it is all too real. I don't know how a company stays in business when they fail at the one thing they are hired to do, but I AM TELLING EVERYONE I KNOW TO STAY AWAY FROM THIS ACCOUNTING FIRM!!! What a freaking circus, I was and continue to be flabbergasted by this. Needless to say, we fired Morling & Co. and have hired another accountant to file our taxes. ...read more
By SheldonDuran September 12, 2013
Unethical fundraising, discrimination based on sexual orientation (against heterosexuals), charging a fee to enter AA meetings and physically preventing people from entering who haven't paid, bullying and shaming online. Stay Away. . .or just Drink. ...read more
HR Alerts DOL AuditsHospitality Industry.Effective October 1, 2010, the U.S.Department of Labor(DOL) plans to audit hotels, motels, and resorts nationwide. Hundreds of new DOL investigators will examinehospitality industry employers, which may also include businesses located at an establishment and staffing companies providing workers to the hospitality industry. EEO-1 Survey Deadline.September 20, 2010 was the filing deadline for the EEO-1 2010 Survey. The Employer Information Report EEO-1, otherwise known as the EEO-1 Report, is required to be filed with the U.S.Equal Employment OpportunityCommission's EEO-1 Joint Reporting Committee. Interest-free Loans for Unemployment Compensation.Effective September 16, 2010, the U.S. DOL'sEmployment and Training Administrationannounced a final rule regarding theUnemployment Compensation Program, such that the department would be required to establish criteria for states to qualify for interest-free federal loans forunemployment compensation payments. ICE Notices of Inspection.Effective September 15, 2010, the U.S. Immigration and Customs Enforcement (ICE) began serving Notices of Inspection (NOIs) to over 500 businesses nationwide. The NOIs require in-person inspection of I-9employment verification formsand payroll documentation. Targeted employers are given three business days to prepare for a meeting with federal officials for review of the requested documentation. Border Security Law.Effective August 13, 2010, the President signed the Border Security Law. The law requires the submission of an additional fee of $2,000 for certain H-1B petitions and $2,250 for certain L-1A and L-1B petitions postmarked on or after August 14, 2010, and will remain in effect throughSeptember 30, 2014. ...read more
By San Francisco Payroll By Payroll Resource Group October 06, 2010
The Wax Museum at Fisherman's Wharf145 Jefferson St. (between Mason and Taylor) Join us for this exciting Business After Hours event in one of the world's largest wax museums – The Wax Museum at Fisherman's Wharf. We invite you to mingle with the most fabulous, famous and infamous collection of personalities ever assembled under one roof in the amazing World of Wax. Enjoy the museum's collection, delicious appetizers and a drink while making new connections with other Bay Area professionals. Register Online Now $20 Chamber members, $30 non-members if paid by September 16; $5 additional after September 16 and at the door. For more information please contact Nadia Chan at 415-352-8803. Cancellations must occur 48 hours in advance to receive a refund. Please Note: you must be 21 or older to attend this event. ...read more
By San Francisco Payroll By Payroll Resource Group September 19, 2010
SBA Funding City National pays some SBA fees to boost lending San Francisco Business Times - by Mark Calvey City National Banksaid Tuesday that it will pay up to $3,000 in SBA loan fees to encourage small businesses to borrow.The move occurs as SBA lending has dropped about 70 percent as borrowers wait to see whether Congress will extend measures designed to get banks to make more loans backed in part by the Small Business Administration.A report today said small businessesstill aren't hiringvery many workers.The stimulus package last year included the waiving of some feels and increased the guaranteed portion of an SBA loan to 90 percent. Proposed legislation extending the fee reductions or elimination has been delayed until Congress returns in mid-September."With SBA loan incentives having expired in May, small businesses remain hamstrung in their efforts to invest in and grow their businesses. And that comes at a time when small businesses -- typically a key employment driver -- have a vital role to play in our economic recovery," said Jim Wullschleger, senior vice president and business banking manager at City National.Standard loan fees range between 2 percent to 3.75 percent of the guaranteed portion of the loan.City National said it's offer applies to loan applications received by Sept. 10 for money lent under the SBA's 7(a), 504 and SBA Express programs.City National (NYSE: CYN), a Los Angeles bank with $21 billion in assets, has an extensive Bay Area branch network. ...read more
By San Francisco Payroll By Payroll Resource Group August 19, 2010