Maritta

Archive for the ‘Uncategorized’ Category

Tax Breaks for People over 50!

In Uncategorized on April 2, 2016 at 1:55 pm

After age 50, and especially at age 65, you can qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file a tax return at all. Workers over 50 can also defer or avoid taxes on more money using retirement and health savings accounts.

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Federal Tax Payment Options

In Uncategorized on March 29, 2016 at 3:32 pm

1. Pay by Check or Money Order.

2. Pay by Direct Debit.

3. Pay by Credit Card.

4. Set Up an Installment Plan.

5. Offer to Settle.

Top Ten Reasons to Hire a Tax Preparer

In Uncategorized on March 24, 2016 at 8:36 pm

10. It takes the hassle out of doing it yourself.

9. You don’t have to keep up with the many tax law changes or understand complicated tax law.

8. Making mistakes can be very costly.

7. Your time is worth money – add up the hours you would spend doing it yourself and calculate what that’s worth.

6. A tax program in a box cannot represent you in an audit.

Top 10 Reasons to Hire a Tax Preparer

In Uncategorized on March 23, 2016 at 9:18 pm

….continued
5. A tax professional can answer your questions to help you make smarter tax-saving decisions.

4. A tax professional can help you plan all year and for future years.

3. A tax professional can recommend ways to save on taxes.

2. It gives you peace of mind knowing that a professional is taking care of it.

1. It can save you money – if your tax preparer finds even one significant deductions or tax credit you may have missed, it can easily exceed the average $246 fee it cost to have a pro prepare your return.

Taxable Cancelled Debt

In Uncategorized on February 16, 2016 at 5:49 pm

– Amount of debt no longer owed if the taxpayer was personally liable for the payment of the debt.

*** Income from the cancellation of debt related to a business or rental is reported as business to rental income.***

Increase Your Revenue

In Uncategorized on January 21, 2016 at 6:31 pm

Does it take you a long time to finish your own bookkeeping? Does it take forever to finish your accounting entries?  Do these activities take away from the time you could devote to what you do best in your own business.  Let Maritta Lynn perform these tasks for you so that you can get back to what truly effects your bottom line and that is working on your business.

One Minute Accounting

In Uncategorized on August 9, 2014 at 4:26 pm

#sometimesyouhaveto:

Call an accountant for your tax, bookkeeping, and accounting needs.

One Minute Accounting

In Uncategorized on December 31, 2013 at 10:28 pm

To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.

One Minute Accounting

In Uncategorized on April 11, 2013 at 7:13 pm

Doing your own accounting work stressing you out? You should have more time to spend on your core business so you can spend time leftover with your family. Let Maritta Lynn handle your bookkeeping and you spend the extra time with those you love.

Health coverage tax credit.

In Uncategorized on September 16, 2012 at 3:54 pm

 Recent legislation changed the amount of this credit, which pays qualified health insurance premiums for eligible individuals and their families. Participants who received the 65 percent tax credit in any month from March to December 2011 may claim an additional 7.5 percent retroactive credit when they file their 2011 tax return.