Tag Archives: Plymouth MA tax preparation

How to Avoid an Audit

While full-blown audits from the IRS are something that tax preparers are used to, a taxpayer likely views an audit right up there with a root canal, something to be avoided at all costs. It is impossible to predict with … Continue reading

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Earned income tax credit – Do you qualify?

Do you qualify for the Earned Income Tax Credit? If you do, and you don’t claim it, you are leaving potentially thousands of dollars on the table. The EITC is designed to help those on a low to moderate income … Continue reading

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Deductions You Probably Missed

Experienced tax pros are experts at knowing which deductions to look for when you file your taxes. Deductions are simply defined as subtractions from your income that can save anywhere from hundreds to thousands on your taxes. Due to the … Continue reading

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Your Taxes in the Sharing Economy

What do social media gigs, driving for companies like Uber, and renting out spare bedrooms in your house to travelers all have in common? They are all different ways of participating in what has become known as the Sharing Economy. … Continue reading

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How to Deduct Your Home Office

If you work at home and don’t claim the home office deduction, you could be flushing money down the toilet. For the self-employed, a home office deduction can save you hundreds of dollars on your taxes. When claiming this deduction, … Continue reading

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Debt Snowball

Before embarking on any debt reduction plan, be sure to save up $1000 as an emergency fund. Once this first step is behind you, it’s time to take a look at your debt repayment plan. One of the most effective … Continue reading

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What to Say When Your Friends, Family Ask For Money

It is commonly said that friendships and money don’t mix, and in most cases that is correct. The simple fact is that money can easily strain any relationship. Many of us at some point have been there — our kids, … Continue reading

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