Individual Links

Individual Links
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  • Hits: 1072 Web Link Foreign Exchange Rates

    Planning a trip abroad? This website has up-to-the-minute exchange rates for all major currencies.

  • Hits: 940 Web Link Unclaimed Property Owners List Is the State of Connecticut holding property that belongs to you? Find out by checking this website.
  • Hits: 963 Web Link Social Security Administration The Social Security Administration's website is a great place to request earnings reports or to ask questions about Social Security.
  • Hits: 684 Web Link Your Federal Tax Receipt Enter your annual Social Security Tax, Medicare Tax, and Income Tax and see where your tax dollars go.

Tax Tips Small Business

  • Automobile Expenses

    Which is better - deducting the standard mileage rate or actual expenses?

    With the fluctuating cost of gas, it might be a good idea to revisit which tax deduction is the most beneficial - claiming 54.5 cents per mile (2018) or your actual vehicle expenses. Claiming the standard mileage rate is easier. All you have to do is keep track of your business miles and multiply them by the current rate. In addition to the standard mileage rate, you may also deduct the costs for parking and tolls. Plus, if you are self-employed, you can deduct the interest paid on your car loan.

    Read more ...

Small Business Quick Tip

  • DOT Hours of Service

    Truck drivers and other employees who are subject to the Department of Transportation's "hours of service" rules are allowed to deduct 80 percent of their meals in 2016. In lieu of using actual expenses for meals and incidental expenses, you can deduct the federal rate of $63 per day.
Wednesday, 26th September 2018
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Tax Tips Personal

  • Divorced?

    Know the rules before claiming a dependent

    If you are a divorced or separated parent, the rules for determining which one of you can claim the children as dependents is confusing at best. A few years ago, the IRS created rules that provided a uniform definition of a child for purposes of claiming certain tax benefits such as the head of household filing status, the child tax credit, the dependent care credit, arid the earned income tax credit.

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Personal Quick Tip

  • Organized Appointment

    Go to your tax appointment well organized. Have all your income statements such as W-2s and 1099s separate from your expenses. Make sure you have all the proper social security numbers for dependents, as well as their names as they appear on their social security card. Careful organization will save you time come tax season.