by Jeanine Hemingway CPA | Dec 7, 2018 | Business, Education, Tax Blog
The sweeping tax plan that Congress passed last December includes lower tax brackets and a nearly doubling of the standard deduction. But plenty of taxpayers who are starting their tax planning for 2018 are hitting complications, due to several provisions that remain... by Jeanine Hemingway CPA | Oct 10, 2018 | Business, Education, Tax Blog
Beyond football season and fall festivities, it’s also a perfect time to take advantage of all the tax knowledge and tools at your disposal before December 31st. Pre-planning now will help you to estimate your income taxes, qualify for the right...
by Jeanine Hemingway CPA | Sep 11, 2018 | Business, Education, Tax Blog
Will Your Withholding Cover Your Taxes? According to the Government Accountability Office, 2 in 10 taxpayers will owe money to the IRS next year. That means that over 30 million people aren’t withholding enough or not paying enough in estimated...
by Jeanine Hemingway CPA | Jun 4, 2018 | Business, Education, Lifestyle, Tax Blog
Tracking expenses is critical as you keep a handle on the financial pulse of your business financials. It is also required if you need to document your expenses to prepare an accurate tax return. Plus, if you’re audited by the IRS or state tax authorities, you may...
by Jeanine Hemingway CPA | May 28, 2018 | Education, Important Dates, Tax Blog
Due date for Tax Extensions for 2017 Federal Income Tax Returns. You can start preparing and efiling Your Extension mid-March 2018 on efile.com.
by Jeanine Hemingway CPA | Apr 10, 2018 | Business, Education, Tax Blog
April 10, 2018 – If you are self-employed, or if you have income other than your salary, (from a business, alimony, stock sales, rent, dividends and other sources) you may need to pay estimated taxes each quarter to square your tax bill with the IRS. Estimated...