Hayden Consulting

10/18/2024

The IRS requires contemporaneous records to prove deductions and credits. That means you can't go back later to get a copy of a receipt you forgot. Here are some tips.

The Internal Revenue Service has a vocabulary of their own. One of the more important is their use of the word contemporaneous. What does it mean, and why should you care?

10/16/2024

Many tax breaks are scheduled to expire at the end of 2025 that could affect your business. Here's why you should start planning now for this potential change.

Higher taxes may be in your business’s future if the Tax Cuts and Jobs Act is allowed to expire as scheduled at the end of 2025. In this month’s newsletter, read through several ideas on how you can be prepared if this law is allowed to sunset. Also learn how you can boost your bottom li...

10/11/2024

Know when to keep or throw out your tax records. Here is what you need to know.

Know when to hold them. Know when to toss them. Tax record retention basics can be found here.

10/09/2024

Many tax breaks are scheduled to expire at the end of 2025. Here's why you should start planning now for this potential change.

If you're interested in minimizing your tax obligations and maximizing your savings, consider the helpful tips and ideas you'll find in this newsletter. Call if you would like to discuss how any of this information relates to you. If you know someone that can benefit from this newsletter, feel free....

10/04/2024

Think the estate tax won't impact you? Think again. Here is what you need to know.

Too many taxpayers ignore estate taxes because they think it will not impact them. Do this at your own peril. Here is what you should know.

10/02/2024

Boost your savings by checking out these 5 smart ways to save money. Also learn how to protect your Social Security number, and ideas to help your kids thrive this school year.

Achieving financial security for you and your family is no small task. With inflation and the allure of signing up for yet another monthly service, saving money can feel like an uphill battle. In this month’s newsletter, read about 5 ideas that can help you save money on your road to building...

09/20/2024

Planning for retirement? Don't get caught off guard by these potential tax surprises.

Rebalancing your portfolio when you get older makes sense. So does anticipating for these possible tax surprises during your retirement years.

09/18/2024

Cash theft one of the most common frauds faced by small businesses. Protect your money with these tips.

The principals of cash management may seem mundane, but for many businesses, not having the proper controls in place can lead to theft. In this month's newsletter, read about cash-handling rules that can help protect your business and hopefully prevent your hard-earned money from disappearing. There...

09/06/2024

Reminder: 3Q estimated taxes are due Monday, September 16. Here are some things to consider.

If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Monday, September 16th.

09/04/2024

OUCH! My bank did not replace my stolen funds! Learn why.

Reducing the amount of interest you pay over the life of a mortgage can yield huge savings! This month's newsletter provides an illustration of just how much you can save, even with as little as $10 a month. Also in this edition, find out how cancelled debt may leave you holding a bigger tax bill, w...

08/30/2024

Taxes and the amount you pay is not all up to chance. Here are a dozen reasons to sit down with a professional to review your situation.

08/23/2024

Avoid the mismatch tax headache. Here are some tips.

One of the most common types of audits is a correspondence audit caused by reporting inconsistencies with information supplied to the IRS. Here is a tip to keep this from happening to you.