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Uncle Sam recently offered America's hardworking taxpayers a helpful "tip" to ensure that the IRS gets paid next year. Even if you were sitting around wondering, "When would be a good time to set up a system to organize my tax records?" the IRS' answer probably won't shock you: the time is "now."
Tax season seems to sneak up on us each spring, making the first few months of the year frantic as businesses attempt to scrounge for all their receipts and invoices. Taking the extra steps throughout the year to ensure you're prepared for the season can make a significant difference.
The new contribution limits to health savings accounts (HSAs) for 2019 have been announced. The changes are small; an extra fifty dollars for self-only contributions (up to $3,500) and one hundred dollars for family contributions (up to $7,000).
Ahh, springtime. With the longer days and warmer weather, it's the perfect time to clear out the cobwebs and get organized for the upcoming busy months. Spring cleaning isn't just for your home -- it can mean a refresher for your finances too.
States and countries have been involved in a push lately to collect sales tax from online sellers that are not present in their state, resulting in a rash of services that promise to take care of the tax requirement for small businesses. Short of resorting to paying a third party to do it for you, how can you keep your sales tax simple?