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3 Simple Office Supplies for Smooth Tax Prep

Family Balance Sheet

We have our 2011 tax meeting this week with our accountant. We own an S corporation and have a few employees, so we have a CPA prepare our taxes every year. Honestly, he is worth his weight in gold; the tax rules make my head spin. In all honesty, tax season goes fairly smoothly for us. Are you prepared for tax season?

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How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

If you end up in life with assets that you would like to use or from which you need to receive income, yet also want to donate to charity, there may be ways for you to do both. With the help of an estate planning lawyer and your accountant you might be able to use one of these “have your cake and eat it too” ideas.

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How Long Should You Keep Financial Documents

Family Balance Sheet

However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. This final number will help to lower your capital gains tax. You'll need proof of gains or losses at tax time.

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Save Money – Develop Important Home Owner Skills

Prairie Eco-Thrifter

Perhaps the county appraiser raised the appraised value of your home, thereby raising the taxes. You will want to know how to challenge the new appraisal and avoid spending more tax money. Sometimes the most financially rewarding scenario is to donate it to a tax deductible charity! Record Keeping.

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Kindergarten to College – Back to School Money Tips

Prairie Eco-Thrifter

learning to give by having them donate last years clothing. When you do, go on tax free day. using tax free days. Here is site that has tax free days by state listed for 2011. If your child is off to college and you are interested in real estate investments, consider buying a house in your child’s college town.

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