Monthly Archives: March 2015

Make Your Preferences Known in QuickBooks

There are some features that all small businesses need in their accounting software. Everyone needs a Chart of Accounts and a good set of report templates. There must be tools to bill customers and to document income and expenses. Some companies need payroll management, and some need the ability to create purchase orders. These days,…
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What You Should Know about the AMT

Even if you've never paid Alternative Minimum Tax (AMT), before, you should not ignore this tax. Why? Because your tax situation might have changed and this might be the year that you need to pay AMT. AMT attempts to ensure that taxpayers who claim certain tax benefits pay a minimum amount of tax. You may…
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Can You Take the Earned Income Tax Credit?

Since 1975, the Earned Income Tax Credit has helped workers with low and moderate incomes get a tax break each year. Four out of five eligible workers claim EITC. Wondering if you can too? Here's what you should know about this valuable credit: 1. Review your eligibility. If you worked and earned under $52,427 in 2014,…
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It’s Not Too Late to Make a 2014 IRA Contribution

If you haven't contributed funds to an Individual Retirement Arrangement (IRA) for tax year 2014, or if you've put in less than the maximum allowed, you still have time to do so. You can contribute to either a traditional or Roth IRA until the April 15 due date, not including extensions. Be sure to tell…
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