TMTW #228-Thank you Clients! Another Successful Tax Season

Posted on April 15, 2015 by taxblogger

Tax and Money Tip this Week:
Thank You Clients! Another Successful Tax Season
April 15th, 2015 | No. 228

The Week After Tax Season

Aaah…..the week after tax season is the best week in a CPA’s life each year!

We met a lot of new clients this year because of referrals from existing clients, and readers of our Tax and Money Tip of the Week. Thank you!

Our firm continues solid growth thanks to all of you.
A referral is the best compliment we can ever receive.

Even though our tax season is over, we will continue our Tax and Money Tip of the Week for the rest of the year. We will keep you updated on the constant tax law changes as well as spotlighting specific tax and money making ideas.

Again, thank you for making this one of the most successful tax seasons yet.

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #227 – It is “OK” to File an Extension

Posted on April 8, 2015 by taxblogger

Tax and Money Tip this Week:
It is “OK” to File an Extension
April 9th, 2014 | No. 182

Please take notice of our office closing date. Our office will be closing at 6:00pm on Monday, April 13th and will not reopen until Monday, April 20th, 2015. 

If you haven’t filed your tax return by now, you should probably consider filing for an extension.

To file for an extension, you simply need to submit Form 4868.  Submitting this form will give you until October 15th of that year to file your returns. However, an extension of the time to file is not an extension of the time to pay.  If you think you will owe taxes, you must send a payment along with the extension.  This applies for your federal and state tax returns.

Click here for the Extension Form 4868

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #226- If you save 10% of paycheck, you should be able to retire

Posted on April 1, 2015 by taxblogger

If you save 10% of paycheck, you should be able to retire
April 1, 2015 | No. 226

A great article on retirement savings from The News & Observer .

Click here to read the article

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #225- How to Manage a Small Portfolio

Posted on March 25, 2015 by taxblogger

How to Manage a Small Portfolio
March 25, 2015 | No. 225

A great article on making stock market choices from Investors Business Daily.

Click here to read the article

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW # 224- This Health Account Can Add to a Retirement Nest Egg, Too

Posted on March 18, 2015 by taxblogger

This Health Account Can Add to a Retirement Nest Egg, Too
March 18, 2015 | No. 224

A great article on the benefits of Health Savings Accounts from the News and Observer 

Click here to read the article

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #223- Build Your Emergency Savings Before Paying Down That Debt

Posted on March 11, 2015 by taxblogger

Build Your Emergency Savings Before Paying Down That Debt
March 11, 2015 | No. 223

A great article on building that emergency fund from the News and Observer 

Click here to read the article

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #222- New NC Tax Law Changes Will Effect Your 2014 Tax Return Results

Posted on March 4, 2015 by taxblogger

New NC Tax Law Changes Will Effect Your 2014 Tax Return Results
March 4, 2015 | No. 222

Tax rates were reduced, but deductions and exemptions were eliminated

Click here for more information

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #221-Good News!! No Form 3115 Hassle for Small Businesses (or CPAs)

Posted on February 18, 2015 by taxblogger

Good News!! No Form 3115 Hassle for Small Businesses (or CPAs)
February 18, 2015 | No. 221

Small businesses won’t have to file Form 3115 to comply with repair regulations. Small business taxpayers will be allowed to make certain accounting method changes under the tangible property (or “repair”) regulations without filing Form 3115, Application for Change in Accounting Method, the IRS announced.

Click here for more information

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #220- Form 3115- New 8 Page Separate Tax Filing Required for ALL Businesses & Owners of Rental Property (Part I)

Posted on February 11, 2015 by taxblogger

Form 3115 – New 8 Page Separate Tax Filing Required for ALL Businesses & Owners of Rental Property (Part I)
February 11, 2015 | No. 220

This is the first part of a two part series.

New tangible property regulations have been issued by the IRS.
On January 16, 2015 the IRS issued two new Revenue Procedures; Rev. Proc. 2015-13 and 2015-14. These both will require a separate 8 page tax filing for all businesses and owners of rental properties.

Click here for more information

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #219-Pay ZERO Tax on Capital Gains

Posted on February 4, 2015 by taxblogger

Pay ZERO Tax on Capital Gains
February 4, 2015 | No. 219

A great article on how NOT to pay taxes on capital gains from Business Management Daily

Pay ZERO Tax on Capital Gains

 

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