Monthly Archives: August 2016

Make QuickBooks Your Own: Specify Preferences

QuickBooks was designed to be used by millions of businesses. In fact, it's possible to install it, answer a few questions about your company and start working right away. However, we strongly suggest you take the time to specify yourPreferences. QuickBooks devotes a whole screen to this customization process. You can find it by opening…
Read more

Best Filing Status for Married Couples

Summer is wedding season. While tax returns and filing status are probably not high on your to-do list, you should be aware that with marriage, come tax changes--such as choosing the best filing status. After you say, "I do" you'll have two filing status options to choose from when filing your 2016 tax returns: married…
Read more

It’s Time for a Premium Tax Credit Checkup

If you or anyone in your family receive advance payments of the premium tax credit, now is a good time to check on whether you need to adjust your premium assistance. Because advance payments are paid directly to your insurance company (thereby lowering out-of-pocket cost for your health insurance premiums), changes to your income or…
Read more

Tax Tips for Individuals Selling Their Home

If you sell your home and make a profit, do you know that the gain may not be taxable? That's just one key tax rule that you should know. Here are ten facts to keep in mind if you sell your home this year. 1. If you have a capital gain on the sale of…
Read more