Bullseye Tax Resolution

02/20/2019

IRS Offers Some Penalty Relief For Taxpayers Who Didn't Withhold Enough In 2018

Last year, the General Accounting Office (GAO) warned that millions of taxpayers could owe more in taxes come tax time. Without proper planning (and a withholding checkup), those taxpayers could be surprised to find out that they not only owe taxes, but also underpayment penalties. To ease the burden on taxpayers, the Internal Revenue Service (IRS) has advised that penalty relief may be available. Read more:

Last year, the General Accounting Office (GAO) warned that millions of taxpayers could owe more in taxes come tax time. To ease the burden on taxpayers, the Internal Revenue Service (IRS) has advised that penalty relief may be available.

02/18/2019

IRS Announces 2019 Tax Rates, Standard Deduction Amounts And More

The Internal Revenue Service (IRS) has announced the annual inflation adjustments for more than 60 tax provisions for the year 2019, including tax rate schedules, tax tables and cost-of-living adjustments. Read more:

The Internal Revenue Service (IRS) has announced the annual inflation adjustments for more than 60 tax provisions for the year 2019, including tax rate schedules, tax tables, and cost-of-living adjustments.

02/15/2019

Your Retirement Savings Goal Is Almost Certainly Too Low

Many American workers plan to retire young and live in style once they walk away from their careers, but they tend to grossly underestimate how much money they’ll need to make that dream a reality. Read more:

Americans are massively underestimating how much they need to save to have the retirements they want.

02/13/2019

EASY WAYS TO CUT COSTS ON YOUR SMALL BUSINESS

In order to make your small business a success and have it last a long time, you need to manage your finances effectively. In the beginning, you will need to pay for a lot of things and this can add up to quite a lot of money. The good news is that you can easily cut costs and make your business a lot more profitable at the same time. Read more:

In order to make your small business a success and have it last a long time, you need to manage your finances effectively. In the beginning, you will need

02/11/2019

Struggling to Save? Here Is the No. 1 Way People Waste Their Money.

Take stock of your financial life to see if its being depleted by this wealth-killer. Read more:

Take stock of your financial life to see if its being depleted by this wealth-killer.

02/08/2019

The 5 Most Important Accounting Reports for Your Small Business

When it comes to small business accounting, most people know that it is important to keep your records updated for taxes. However, there are many more benefits from small business accounting that you can use to grow, improve and expand your business. Here are some of the most important accounting reports for your small business that you should know about. Read more:

Here are the key reports to know about, including profit and loss statements, revenue by customer and more.

02/06/2019

4 Business Exit Steps All Business Owners Should Take—Even Those Just Starting Out

If you’re in the throes of building a company, you are likely not even thinking about what comes next. But now is also the time to start planning the long-term strategy for your exit. To one day pull off a successful—and profitable—business exit, there are four important steps. Read more:

If you’re just starting to build a company, you’re likely not thinking about what comes later. But now is also the time to plan the long-term strategy for your exit.

02/04/2019

9 IRS Audit Red Flags for Retirees

Math errors may draw IRS inquiry, but they’ll rarely lead to a full-blown exam. Check out these nine red flags that could increase the chances that the IRS will give the return of a retired taxpayer special, and probably unwelcome, attention. Read more:

Certain things can increase the chances that the IRS will give the returns of retired taxpayers closer scrutiny.

02/01/2019

Your Guide to 2019 Federal Income Taxes

Filing your federal income tax return can be a stressful and complicated task. Even if you hire a professional tax preparer, you still need to make sure you have all of your ducks in a row. Read More:

Get ready for the 2019 tax season: a comprehensive guide to 2018 federal income tax. Who needs to file it? When can you start? Are there any benefits in submitting it early? Click here to get all the answers.

01/30/2019

14 Tax Breaks You Won’t Believe Are Real

Okay, admit it: As you’ve struggled with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, you’ve taken a few flights of fancy. “Can I claim a deduction for all those blood donations at the Red Cross?” Nope. “How about a charitable contribution for all the time I donate to the church?” No, again. “Can I take my dog as a dependent?” Come on! Read more: https://www.kiplinger.com/slideshow/taxes/T054-S011-tax-breaks-deductions-you-won-t-believe-are-real/index.html

01/28/2019

Should You File an Early Tax Return?

Even though many taxpayers file their tax returns on or about April 15 every year, it’s not mandatory to wait until the last minute. Indeed, filing an early tax return can make sense for a variety of reasons. Read more:

Filing an early tax return makes sense if you are receiving a refund, but what if you owe tax? There are more reasons to file early than just a refund.

01/25/2019

Here Are the 2019 Contribution Limits and Other Tax Numbers You Need to Know This Year

At the start of each year, the IRS makes changes to more than a dozen tax-related maximums, minimums, thresholds and other statutory numbers that can affect your bottom line for the that tax year…and that may bear greatly on your tax planning for that year as well. Read more:

Here are the 2019 numbers for retirement account contributions, Social Security tax, gift tax, mileage deductions, capital gains tax and other key IRS rules