Month: June 2015

What’s the Deal with Married Filing Separate?

When it comes to tax time, if you were legally married on December 31st of the tax year, then you can claim your filing status as either married filing jointly or married filing separately. Now that the feds recognize same-sex marriage, the same choice applies to same-sex couples, too. 95% of American married couples will […]

What Is Reconciliation? What You Need to Know for Small Business Accounting

Whether you own a large corporation or a local mom-and-pop shop, properly reconciling bank statements each month is an important (yet sometimes forgotten) task. Before we get into the reasons why you should reconcile your bank accounts every month, we thought we’d provide some guidance as to what reconciliation actually is. According to Investopedia, reconciliation […]

How to Keep Obamacare from Giving you a Headache

There’s no doubt about it. The Affordable Care Act (ACA) has created the biggest change to the tax code in 20 years. That means a lot of headaches for a lot of people about how to handle health insurance and comply with the new tax rules surrounding the law. Here’s the scoop on three things […]

How to Lower Taxes with Retirement Savings

Did you know that your retirement savings plan at work could actually be costing you money in taxes? Not all retirement plans are created equal when it comes to tax advantages. Find out more in this quick read from our friend Michael Gluski of Ameriprise. Want to make sure you’re not giving Uncle Sam too […]