A Guide to Business Tax Breaks During the Holidays
Did you know that around 729 billion dollars are spent in the US during the holidays? These numbers should not surprise you, considering how many people you account for in your holiday budget. As a business owner, you probably have employees and customers on your list. This is the best time of the year to show your […]
What The Stimulus Checks Mean For Your Taxes
We’ve finally begun to receive our third stimulus check. Although it technically counts as a second check since the amount has been tied to the $600 check we received a few months ago. This makes it the $2000 amount that was originally promised to all of us. However, now that we’ve gotten this free money […]
Are You Prepared For Tax Season?
The New Year brings in a new tax season. It’s a simple time for many but for others a much more complicated process. Depending on your lifestyle and what you’re involved with in regards to owning a business, it can get a little overwhelming. However, the majority of people who do file taxes at times […]
The Origins of American Taxation and the Modern Income Tax
Oh that wonderful date of April 15th. In our youth, the date doesn’t mean much, but the moment we make our first paycheck, we may suddenly become aware of something called taxes and the concept of the income tax. It takes awhile for it to sink in, but eventually we learn that money we make […]
Ways Taxes Will Change In 2020
Tax law has gone through a number of changes since the Trump administration and will continue to change going into 2020. It can be overwhelming to keep track of all the changes, but we’ve compiled a shortlist of the changes you need to be on the lookout for. No alimony deduction – People who pay […]
Taxes After Marriage: What Newlyweds Need to Know
Next to having children and buying a home, marriage is one of the biggest changes that can happen in your life. As such, this change also affects the taxes of both spouses. If you’re in the El Paso area and you’re looking for a bit of guidance in terms of your newfound communion, Clifford, Ross, […]
How To Prepare For Tax Season 2019: It’s Easier Than You Might Think!
Right now is the time to take down Christmas decorations and to get back in the groove of things. Once the month of January comes to a close, employers all across the United States would’ve sent out the W-2s to their employees, thus heralding the upcoming tax season. Perhaps you haven’t thought about tax season […]
How a CPA Firm Can Help Online Sellers
For years, people have migrated from the Saturday morning garage sales and newspaper classifieds to the world of online selling. Sites like eBay, Amazon, and Craigslist have made it easier for individuals to sell products. In fact, many people have made this their main source of income. Although it may seem like an incredibly simple […]
IRS Problems and Mistakes Millenials Should Avoid
“Adulting,” is a term used by millennials when they partake in “grown-up” behavior such as getting married, buying a car, or working a full-time job. For many millennials, the highest degree of adulting comes around during tax season. Filing one’s taxes can be seen as the epitome of adulthood. For many millennials, this yearly event […]
Tax Firm Tips for Saving Money this Summer
What do tax firm employees do during the summer? That’s kind of a trick question! While summer may not be tax deadline crunch time for accountants, we are still as busy as ever at Clifford, Ross, Raudenbush & Copper, LLC helping people save money! Here are a few of our best tips for saving money […]