by GruffyGoat Team | Apr 26, 2016 | Taxes
We just finished this year’s tax season, and nobody wants to think about taxes right now. But now is an ideal time to start planning for next year, because a little tax planning can deliver serious benefits later in the year. The IRS offers a few tips on planning:...
by GruffyGoat Team | Apr 6, 2016 | Small Business, Taxes
The home office deduction is one you don’t want to pass up if you’re eligible. The IRS recently offered taxpayers some tips on taking advantage of the deduction. Here’s what you need to know. Eligibility First, in order to be eligible, you must regularly use part of...
by GruffyGoat Team | Mar 21, 2016 | Small Business, Taxes
Startup costs are a special breed of expenses. The definition differs depending on if you’re talking financial accounting or taxes. Market research, legal fees to set up partnership or corporation entities, purchasing operating systems, and other expenses like these...
by GruffyGoat Team | Mar 8, 2016 | IRS, Taxes
If your income is above a certain threshold, you’ll need to pay the Additional Medicare Tax of 0.9% on income above the threshold amount. The IRS recently reminded taxpayers of what they need to know about this tax. Which income is subject to the tax? The tax applies...
by GruffyGoat Team | Mar 1, 2016 | IRS, Taxes
If you’re thinking about getting more energy-efficient with your home to cut your energy costs long-term, there’s another reason you might want to go ahead and move forward: tax savings. The IRS reminds taxpayers that there are two credits you can take advantage of....
by GruffyGoat Team | Jan 25, 2016 | Scams, Taxes
In a statement reported on by WYFF4, the South Carolina Department of Revenue said that they’ll be delaying refunds for the majority of filers until March 1. As scammers continue to steal identities and file false tax returns in order to get their victims’ refunds,...
