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Why Tax Filing is Important

Why Tax Filing is Important?

During the spring of every year and very near April 15 millions of Americans file their income tax.  Some file begrudgingly begging the question; “why tax filing is important”. The United States government requires all individuals who earn a specific amount of income file Tax Returns annually.  Failure to do so could result in penalties. In the most negligible and ...
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What is tax return filing

What is Tax Return Filing

Filing a tax return is a United States Government requirement of all working Adults of a certain age and income.  It is used to measure your income for taxes that are to be paid to the government. This taxation is also termed as Federal income tax”.  The Internal Revenue Service (IRS), taxing agency for the US government determines who has ...
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A Look Into 2018 Taxes

A Look Into 2018 Taxes

New Tax Bill Standard Deductions For those that opt to take the standard deduction on their taxes rather than itemized deductions, the Tax Cuts and Jobs Act (H.R 1) increases the amount you can deduct until 2025, when the provision is set to expire. The amount goes from $6,350 to $12,000 for single filers and from $12,700 to $24,000 for ...
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The Tax Cuts and Jobs Act of 2017

The Tax Cuts and Jobs Act of 2017

Are you confused over the new tax laws? Afraid you might make a mistake while filing your personal or business taxes this year? Or maybe you are just interested in learning more, no matter what the case we have the solution! Sandra King welcomes you to join her at Texas Star Conference Center on Wednesday, February 7, 2018 between 7:00 ...
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Should I Incorporate My Small Business

Should I Incorporate My Small Business?

There are advantages and disadvantages to incorporation. The decision to incorporate depends primarily on your net income and your level of exposure in the event of a law suit. As a sole-proprietor, you are the business. What ever happens to the business happens to you and your family as well. If you were to be sued, your personal assets along ...
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