Finance Globe

U.S. financial and economic topics from several finance writers.

What are the Benefits of Working with an Experienced CPA?

What are the Benefits of Working with an Experienced CPA?
With tax season on its way, now is the time to start thinking about your final return. For many, this leads to one very important question: will you file your own return or hire a CPA? For some, the thought of hiring a CPA is out of the question. They believe this is too expensive. They also have no confidence that the person knows what he or she is doing. Before you jump the gun and...
Continue reading
  2329 Hits
  3 Comments
Recent Comments
Wanderer
Great Blog. Yes, CPA's can be expensive but, in my case they have found things I could depreciate and/or deduct that I didn't thin... Read More
Thursday, 19 November 2015 13:24
Frank
I would agree to what Chris has said as well. If you have a very basic return, a CPA may not be necessary. But in today’s world w... Read More
Friday, 20 November 2015 17:13
Frank
I was speaking with my CPA this weekend about this topic, and he used a great analogy that I thought would be helpful to share. Hi... Read More
Monday, 23 November 2015 09:49
2329 Hits
3 Comments

Don’t make these 3 Tax Filing Mistakes

Don’t make these 3 Tax Filing Mistakes
When tax season rolls around, it is time to start thinking about your final return. It doesn’t matter if you are filing your own return or hiring a tax professional to do the work for you, there are mistakes you want to avoid at all costs. Here are three tax filing mistakes that many others have made in the past: 1. Searching for a tax professional who guarantees the largest refund. This is flawed thinking for...
Continue reading
  2745 Hits
  0 Comments
2745 Hits
0 Comments

IRS Announces Taxpayer Bill of Rights

IRS Announces Taxpayer Bill of Rights
Your rights as taxpayer may not always be clear or easy to find answers to, but that should change with the newly released Taxpayer Bill of Rights that was announced on Tuesday by the IRS. Publication 1, “Your Rights as a Taxpayer” has been redesigned with the 10 rights and will be sent to millions of taxpayers this year when they receive IRS notifications on tax issues ranging from audits to collection. The information will also...
Continue reading
  3073 Hits
  0 Comments
3073 Hits
0 Comments

Today's the Deadline to File Your Tax Return

If you haven't already done so, today's the day to file your return and pay your 2013 taxes. If you need more time to complete your return, you can submit IRS Form 4868 to request a six-month extension. Taxpayers don’t need a special reason for an extension; they are granted to anyone who needs more time. The fastest and easiest way to get extra time is to head over to IRS.gov and submit your form electronically...
Continue reading
  3057 Hits
  0 Comments
3057 Hits
0 Comments

How to Choose a CPA with Success

How to Choose a CPA with Success
Regardless of why you are searching for a CPA, nothing changes the fact that you want to find the right person this time around. The last thing you want is to be faced with this same challenge again in the future. Choosing a CPA you can trust is easier said than done. There are a lot of people out there who are willing to help, but this doesn’t mean that each and every one is right...
Continue reading
  2399 Hits
  0 Comments
2399 Hits
0 Comments

Ask your CPA these Questions During Tax Season

With tax season in full swing, there is a good chance you have already contacted your CPA about filing your final return. If you haven’t, you will (or should) be doing so in the near future.Here are several of the best questions to ask your CPA during tax season:What has changed from last year to this year in terms of tax laws and regulations?Are there any new deductions or credits I qualify for this year?What can...
Continue reading
  2619 Hits
  0 Comments
2619 Hits
0 Comments

5 Top Reasons to File a Tax Extension

With the April 15 tax filing deadline bearing down on you, there is no better time than now to get organized. If you don’t, you could find yourself up against the deadline, rushing around and hoping for the best.If worst comes to worst, you can always file a tax extension with the IRS. This will give you more time to file your federal return, which may be just what you need.Here are five of the top...
Continue reading
  2608 Hits
  0 Comments
2608 Hits
0 Comments

3 End of Year Tax Tips

With the end of 2014 closing in like a freight train, there is no better time than now to start planning for next year.While your final tax returns may not be due until April 2015, the sooner you get organized the better off you will be.Here are three end of the year tax tips to consider:1. Search for last minute tax deductions. For example, making charitable contributions before the end of the year can help you...
Continue reading
  2481 Hits
  0 Comments
2481 Hits
0 Comments

Five Smart Ways to use your Tax Refund

Are you expecting a refund check from the IRS? How about your state or local taxing authority? If you have money coming back to you in the near future, there is no better time than now to devise a strategy on how you will use the funds.While some people blow through the money, purchasing something they really don’t need, others realize that the cash can be put to better use.Here are five of the smartest ways...
Continue reading
  2667 Hits
  0 Comments
2667 Hits
0 Comments

Five Questions to Ask before Hiring a CPA

Are you in the process of searching for a CPA who can assist with helping you file your tax return? How about somebody who can provide you with the help you need to get your business up and running?Regardless of why you are seeking a local CPA, it is important to compare multiple professionals before making a final choice.It is easy to believe that all CPAs offer the same level of benefits, however, nothing could be...
Continue reading
  2626 Hits
  0 Comments
2626 Hits
0 Comments