5 Common Tax Questions and Their Answers

5 Common Tax Questions and Their Answers

The end of the year always leaves people searching for tax answers. No matter how many times you’ve filed taxes in the past, the task never seems to become any easier or any less confusing. Every year brings many of the same tax-related questions. We’ve...
Tax Saving Strategies

Tax Saving Strategies

Throughout the years, the experts at Balanced Taxes have noticed a pattern in tax saving strategies. Some strategies come and go with minimal success, but the strategies that really work are consistent and long lasting. If you’re looking for strategies to save...
Estate Taxes: What You Need to Know

Estate Taxes: What You Need to Know

When you draft a will or other estate documents, you may wonder whether or not your loved ones will have to deal with estate taxes. This can lead to all sorts of other questions. Are you leaving your loved ones with more of a burden than a gift? Can you plan in such a...
Taxes and Your Payroll

Taxes and Your Payroll

Who pays the payroll taxes? Technically, both you and your employees do. Most of the money does come from a percentage of your employees’ salaries. You, however, are responsible for making sure that this percentage gets deducted. Some payroll taxes don’t...
Is Tax Reform Helping Small Business Taxes?

Is Tax Reform Helping Small Business Taxes?

Business taxes were challenging enough. But now there are new regulations to learn and interpret. On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act, which amended the IRS code. What Is the Tax Cuts and Jobs Act? The Tax Cuts and Job Act reduces...

Form 2848 issues

The instructions for Form 2848, Power of Attorney and Declaration of Representative, have been updated to include several key changes including: The form now provides space for up to four representatives, however, no more than two representatives may receive copies of...
Protect Your Personal Data

Protect Your Personal Data

Don’t take the Bait; Avoid Phishing and Malware to Protect Your Personal Data “Update your account now.” “You just won a cruise!” “The IRS has a refund waiting for you.” In the cyber world of phishing, the sentences are “bait” – lures from emails, telephone calls and...