What is the purpose of withholding tax and how much do you need to withhold in order to make sure you don’t get surprised at tax time? In the most basic of terms, a withholding tax is an amount that an employer withholds from employees’ wages and pays directly to the government. The amount withheld […]
What You Need to Know About Withholding Tax Read More »
There are many types of Taxes, let’s start with federal, state, and local income taxes. If you’re a business owner, you deal with payroll taxes. If you buy something, you may pay a sales tax. Unemployed? You are required to pay taxes on the benefits received from the federal and state government. Important Reminder: Tax
4 Major Tax Problems & What You Need To Know To Avoid Them Read More »
Quality? Price? Value? This is the daily dilemma facing all Americans when considering buying goods or services. Over the past 15 years, companies have changed their business models in placing a higher importance on delivering MORE in value. Their thinking is people will buy more from us if they perceive they are getting more value
3 Powerful Reasons Why Quality Wins Every Time! Read More »
Tax season is a stressful time for some taxpayers. The good news is that it doesn’t have to be. Knowing each tax deadline will help you prepare in advance and to also consult your tax professional with questions so you can develop a winning game plan before your taxes are due. Who this information applies
URGENT! 2 Looming Dates to Save Money and Avoid Pain and Loss at the Hands of the IRS Read More »
Time to take a page from one of America’s Most Popular Game Shows, Jeopardy! CATEGORY: Expenses “Whether they like it or not, every American is confronted by this massive, confusing stressful expense year in and year out.” “What are Income Taxes!” There is no getting around having to pay taxes. What you can do is
7 Terrific Tax Savings Strategies To Make You Money Read More »
Are you concerned about a tax lien on your property? Are you worried the IRS is going to seize your assets? How can you protect your assets from the IRS? Are you at risk? Assets and property that can be seized by the IRS to satisfy a tax debt include wages, retirement accounts, certain benefits
5 Proven Strategies to Protect Your Assets from the IRS Read More »
Charitable deductions are great deductions to take if you donate a lot to charities. A charitable contribution is a tax deduction that you can take if you itemize deductions rather than taking the standard deduction. To maximize your charitable deductions, you need to consider some crucial long-term strategies. With the Tax Cuts and Jobs Act
7 Strategies to Maximize Charitable Deductions Read More »
Know this; the difference between financial gain and loss lays beneath the surface of The Mileage Log. At first glance, this document seems ordinary in appearance; a simple document that on the surface lacks much value. Habit #1 – Accuracy In my thirty-plus years in the financial industry, I have seen way too many taxpayers
7 Habits of Highly Effective Mileage Logs Read More »
Subscribe to our newsletter to receive news, updates, and valuable tips.
Copyright © 2024 Borshoff Consulting | All rights reserved | Tax Consultant in Carmel, IN
Download our guide to ensure you know everything you need to and are prepared to deal with the IRS.