Archives for December 2010

What items can increase your chance of being audited?

Back in October, the blog featured an article about the potential increase in IRS audits of tax returns for tax year 2010 ( No one wants to deal with the hassle of being audited, so as you begin the process, keep in mind these eight things that may increase your chances of being audited. 1. Abnormalities or errors One of the most common errors made when filing tax returns is improper calculation. It is extremely important that you … [Read more...]

Get Organized Early for Tax Time

Many people choose to do a bit of organizing immediately after the winter holidays. As the New Year approaches, the old saying “out with the old and in with the new” takes on a literal meaning. Why not take this organization to the next level and get started early on your 2010 taxes? You can approach tax season at a slow and steady pace, avoiding the stress that comes with filing at the last minute. The first thing you’ll want to do is organize your paperwork. You may wish to use a … [Read more...]

To budget or not to budget?

Many people think of budgeting as little more than a necessary evil, but the topic doesn’t have to be approached with a negative attitude. Budgeting can be a powerful tool for seeing what your money is being spent on, as well as helping you plan for the future. Whether you are a small business owner or an individual saving up for your retirement years, stop putting it off--you won’t regret it. The primary goal of creating and sticking to a budget is to track the amount of money you can afford … [Read more...]