Insights

5 Smart Tips for Building Your Retirement Savings

The golden years of retirement are the envy of American work life. Strong retirement savings put the gold in those golden years. More people than ever think that they are going to be working past retirement age for a number of reasons, one of them being diminished retirement savings. Fewer people than ever have solid savings. You … Continue reading “5 Smart Tips for Building Your Retirement Savings”

7 Ways You’re Creating Tax Problems for Yourself

Are you getting the best refund possible on your tax returns? Putting together a tax return can be complicated. If it’s done incorrectly, you can run into all sorts of tax problems that could result in fines, penalties or even an audit. On the flip side, if your tax return is done correctly, it could be a sizable … Continue reading “7 Ways You’re Creating Tax Problems for Yourself”

5 Signs You Need An Accountant

The tax code is an ever shifting target. One year you can’t claim something, the next year you can. But there are a few things that never change. And these stalwart pillars in the tax code could save your business thousands if not millions in taxes each year. But you have to hire a qualified accountant who … Continue reading “5 Signs You Need An Accountant”

5 Key Reasons You Need a Boise CPA

Financial matters can prove tricky waters to navigate.  The jargon of the finance world alone can make them difficult to comprehend.  As such, it’s highly recommended that you seek out a Boise CPA to help you assess your financial assets and plan for the future. Below, we’ve listed five key reasons for you to speak … Continue reading “5 Key Reasons You Need a Boise CPA”

What you need to about 1040 federal tax return forms?

Main differences between tax forms: 1040 vs 1040A vs 1040EZ? The three 1040 versions have you a little confused as a taxpayer of which form to file with the IRS? Below is a summary of when to use which 1040 federal tax form for your taxes. Can I use the IRS 1040EZ federal tax return … Continue reading “What you need to about 1040 federal tax return forms?”

7 Common requests from the IRS

A list of the top 7 most common things that IRS will request from you A few weeks ago I went to my mail box and I was one of the lucky few to receive a letter from the Internal Revenue Service. Since I see these letters quite frequently I had already a good idea what … Continue reading “7 Common requests from the IRS”

Now that you have a CPA on your team, what should you ask your accountant?

Many business owners just do not have time to deal with their own financials or just need some expert guidance. There are many advantages to having a CPA accountant on your business team. Having an accountant on your team can help with you by providing an unbiased perspective on your financial matters with expert-level accounting … Continue reading “Now that you have a CPA on your team, what should you ask your accountant?”

When do I need an accountant and what can an accountant do for my business?

How do I know when I need an accountant? Basically, if you are running a business, you will need an accountant. This is especially true if you are a small business owner that wants to focus on the core of their business. There are certainly some benefits to having a CPA at your side helping … Continue reading “When do I need an accountant and what can an accountant do for my business?”

Capital Gains taxes on selling your home

Capital Gains taxes on selling your home Are you trying to figure out what capital gains taxes you would need to pay to sell your house? The basis for calculating capital gains taxes on your home is calculated using your home’s selling price, minus deductible closing costs, selling costs, and your tax basis in the … Continue reading “Capital Gains taxes on selling your home”

Tax Savings Tips for your next tax preparation

Tax Savings Tips for your next tax preparation What are some good tips on reducing my tax bill? Here are some tax savings tips as people will be getting ready to file for their taxes from the accountants at Jack Trent & Company CPA. The following should reduce your tax bill. Donations and securities Donations … Continue reading “Tax Savings Tips for your next tax preparation”