Tax Tips Archives • Page 2 of 5 • Financially Simple

December 27, 2018

December 27, 2018

Protect Your Accounts from Cybercriminal Activity with Smarter Passwords

As we head into the New Year, it may be time to give you online accounts a new password. The IRS urges everyone to review passwords and incorporate stronger standards to protect your accounts. In doing so you can help combat the impact cybercriminals have on the world wide web, as strong passwords help protect accounts from cybercriminal activity. Building a better password is as easy as one, two, three.

December 18, 2018

Protecting Employees from W-2 Identity Theft

As a small business owner, protecting your employees’ information is always important. However, with an ever-increasing wave of identity theft sweeping the country, the IRS wants you to beware of W-2 scams.

December 4, 2018

Tax Breaks for College Tuition Using These IRS Tax Credit Options

If you are among the millions of people who are paying for higher education, there might be tax breaks for college tuition when you use the American Opportunity Credit or the Lifetime Learning Credit. You, your spouse, or dependent may be eligible for these tax benefits on post-high school coursework, not just traditional 4-year college.

September 25, 2018

Resources Available to Help Business Owners Understand Tax Reform

As a business owner, you may have questions about the Tax Cuts & Jobs Act, which passed in December 2017, and exactly how the law affects you. If you’re looking for answers, the IRS has provided several helpful resources for you to understand how the law affects you and your business.

July 24, 2018

Options for Relief from Tax Penalties

Meeting tax obligations is always something you want to ensure you have covered. However, from time to time you may be among the millions of taxpayers that, due to unforeseen circumstances, may not be able to pay. This means you will likely be charged penalties on top of your tax bill. When that happens, you might have options for relief from tax penalties.

July 17, 2018

Understanding Taxes in a Barter and Sharing Economy

If you make income from the sharing economy it could impact your taxes. Whether you’re thinking about renting your home while on vacation or taking on a side hustle to put some extra cash in your wallet, you need to remember you might need to pay taxes.