Monthly Archives: March 2014

Starting a New Business?

If you’re starting a new business, a little planning will go a long way.  I recommend research on the industry.  You should determine the upfront costs and the profit margin you can expect.  Determine how you will fund the new business – personal savings, investors, and/or loans?  Put some thought into these questions.

The next step is to talk to an attorney and a CPA.  The attorney can advise you on legal matters like […]

By |March 26th, 2014|Accounting|

Why Does my Friend Always Get a Refund?

I get this question often. Many factors contribute to whether a taxpayer receives a refund or not.  It all begins with how much income tax was withheld or paid in during the year.

If you withhold at the single, zero dependents rate, but you’re married with three kids,  there is a good chance you have overpaid and will receive a refund.  Other factors are income, deductions, dependents, exemptions and tax credits.  These factors play off […]

By |March 17th, 2014|Accounting|

Are you Using the Right Name?

Many people will have difficulties e-filing their returns because the names and/or social security numbers on their returns do not match the Social Security Administration’s (SSA) records.

If you got married in 2013, did you change your last name with the SSA?  If so, be sure to file using that new name.  If you haven’t gotten around to changing your name with the SSA, even you though you may be going by Mrs. Smith, your […]

By |March 6th, 2014|Accounting|