Monthly Archives: September 2017

What Sales Orders Are and When to Use Them

When you want to document sales that you can't (or won't) fulfill immediately, but you plan to do so in the future, you can't create an invoice just yet. This is where sales orders come in. You may never need to create a sales order for a customer. Perhaps you have a service-based business, or…
Read more

Seven Facts about Dependents and Exemptions

Some tax rules affect everyone who files a federal income tax return. With that in mind, here are seven facts about dependents and exemptions that taxpayers should know about. 1. Exemptions lower your income. There are two types of exemptions: personal exemptions and exemptions for dependents. You can usually deduct $4,050 for each exemption you claim…
Read more

A Name Change Could Affect your Taxes

Did you know that a name change could impact your taxes? Here's what you need to know: 1. Report Name Changes. Did you get married and are now using your new spouse's last name or hyphenate your last name? Did you divorce and go back to using your former last name? In either case, you…
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