by Jonathan Bill | Jun 27, 2019 | General Info, IRS, Personal
People tend to underestimate how much they are going to need for retirement. Americans aged 65-74, for example, currently spend an average of $55,000 a year. But 60% of Baby Boomers who haven’t yet retired believe they will need less than that to live on during...
by Jonathan Bill | Jun 17, 2019 | Biz Taxes, General Info
When you own rental property, your best tax deduction is usually depreciation. Unfortunately, the depreciation period for residential rental property is 27.5 years. That’s a long wait to deduct the full cost. Fortunately, there is a way to speed things up. In fact,...
by Jonathan Bill | May 30, 2019 | General Info, Personal
Ever wonder if it’s just your imagination — or are prices really going up? You’ll find the answers in some fascinating data from the U.S. Bureau of Labor Statistics (yes, there really is such a thing). The data shows average prices for popular consumer items —...
by Jonathan Bill | May 13, 2019 | General Info, IRS
Stay on top of your business taxes this year with a free Tax Calendar from the IRS. It’s easy to customize this handy calendar tool to keep track of important dates and deadlines. For example, you can list dates when payroll deposits are due, or filing deadlines...
by Jonathan Bill | May 3, 2019 | General Info, Uncategorized
Whew! Tax season has finally wrapped up, and we can all breathe a sigh of relief. The hunt for paperwork is over … for now. If pulling your tax records together was a struggle this year, I’m going to suggest some simple tips for storing your financial records....
