Tax Preparation

Video: Assessing Your Tax Withholdings

Posted on July 11, 2017 by admin

SAN JOSE — Host, Sarah Rutan: When it comes to income taxes, many taxpayers overlook their yearly withholdings. Today we’re in San Jose with Diamond Certified Expert Contributor Russell Barnett, EA to learn how you can avoid this.

Diamond Certified Expert Contributor, Russell Barnett: I wanted to talk about withholding. To pay attention to it throughout the year; make sure that you’re not having too much or too little withheld. Nobody like a big surprise at the end of the year in terms of a tax bill. People should be aware that, oftentimes, lump-sum payment or payroll items such as bonuses, commissions, stock grants, etc. are only within federally at 25 percent. Read more

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How to Avoid Tax-Season Headaches

Posted on July 11, 2017 by admin

SAN JOSE — Many people dread doing their taxes because they suddenly discover they owe more money than they expected or feel rushed to file all the paperwork on time. To avoid situations like these, it’s important to make sure taxes are being withheld from your income at the appropriate level and keep track of your financial records throughout the year. By taking these steps, you won’t find yourself owing more money than you anticipated, and you can reduce the time you spend on your return come tax season.

It’s important for taxpayers to monitor their withholdings throughout the year and be certain that neither too much nor too little is being withheld. Read more

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Keeping in Compliance with the Affordable Care Act

Posted on July 11, 2017 by admin

SANTA ROSA — If you’re a small business owner, you understand the importance of financial organization. In the age of the Affordable Care Act, it’s more important than ever for businesses to be proactive about compliance with federal regulations, which is why you need to be aware of significant changes in 2015.

Extended waiting period
This year, the waiting period for new hires to be added to an employer’s health insurance has been extended from 30 to 60 days. This gives you the advantage of having more time to observe the performances of new hires before adding them to your company’s benefits plan, so be sure to make this adjustment at the time of your insurance renewal. Read more

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The Benefits of Donating Your Unwanted Items

Posted on July 11, 2017 by admin

SAN CARLOS — Whether moving out of the area or simply downsizing, a common dilemma home sellers face is what to do with their unwanted possessions. While selling items online can be financially lucrative, it can also be time-consuming and tedious, which is why it’s worth considering an alternative option: donating to a charitable organization. In San Mateo County alone, there are several quality non-profits, including StarVista and Habitat for Humanity. With a simple phone call, one of these organizations will be happy to send someone to pick up your unwanted items and redistribute them to families in need.

There are several advantages to donating your surplus possessions to a charitable organization. First, Read more

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