How to Find A Good Tax Guy

Finding a Quality Tax Expert in Canton South Ohio

Canton South, located just a short drive from downtown was established in 1805 near the Nimishillen Creek. Over its long history it has seen changes from a thriving manufacturing area into a diverse economy that includes retail businesses, finance, educational and healthcare services. With all of these different business needs, it is vital to have access to a quality, experienced Certified Public Accountant, or CPA, to help you with your taxes.Business taxes can quickly become complicated and detailed, making it a must to have an experienced professional who is certified and knows the tax laws thoroughly. A professional tax preparation service such as this can help you to ensure that all legal requirements are met, deductions are properly documented and you receive sound advice. These services are also affordable to take advantage of. 

A CPA can also provide you with one-on-one expert service any time of year, not just in the short spurt of tax season. This is beneficial when having to deal with state tax payments, how to track expenses and to know what deductions you can count. This level of service is only available from a preparer with a background of extended education, years of experience and working with you personally.

This relationship will give you better peace of mind when it comes to tax season and will help you to be prepared well in advance. Locating and keeping a quality tax preparer service that has a solid background, the necessary training and experience is one of the best moves you can make.

One good local Canton South CPA Firm is JM STROUD CPA LLC.  They offer affordable tax returns for you and your family. Go ahead and get in touch with them today. You will not be disappointed in the quality of service you will get from this CPA.

A Reverse Mortgage Loan Is a Major Decision That Might Involve Family

Tax Act

Did you ever get the feeling that maybe you should rethink your position just before a deal is closed, then later regret not acting on the feeling?  If you have, you experienced what people in sales refer to as a “moment of objective clarity.”  You are referred to as a mook once you leave and your money is securely in their hands.  A mook is a person who subconsciously knows that they are being taken for a ride but cannot pinpoint why and therefore sign the deal and leave happy on the outside and wondering on the inside.  Being a mook is caused by a lack of complete research on the buyer’s part and can be avoided.

Prepare a Contrasting List

If you are considering a reverse mortgage loan, you might want to stop and take a good long look at the reverse mortgages pros and cons before you proceed.  Pros and cons refers to a list that you could make that has the positive and negative sides to each point of anything, whether it be the advantages or reverse mortgage disadvantages.  This type of life changing decision warrants a good long look.

Getting What We Wish For

A reverse mortgage is an important step in your retired life that could be the answer to a prayer.  We all wish that we will have a comfortable retirement t look forward to but sometimes, you get what you wish for and that could come back and bite you or your heirs if you do not have a firm understanding of the reverse mortgages disadvantages.  Understanding what is good about a reverse mortgage is easy.

Avoid Being a Mook

The Internet is the perfect place to start your search into a reverse mortgages pros and cons.  Have a pencil and paper at the ready when you conduct your search and dust off that printer.  Knowing all the facts is what it is all about.  Discuss your pros and cons list with any family that has a stake in your decision and be especially prepared with the reverse mortgage disadvantages.  You know that they will want to know about that.  Don’t be a mook.  Do your research.

Interhitance Advance and your Taxes

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Nothing feels worse than when a loved relative passes away, especially when you have money problems during that time. Even thought you’re getting a nice chunk of money, there are tax issues that you’ll have to work out and put money away to prepare. The best thing that you can do to ease the burden during this difficult time is to get an inheritance advance. Unlike bank loans, an inheritance advance gives you all the money you need, with no waiting on a bank to approve your request. In order to qualify for a bank loan you have to spend days waiting on people to look over your credit, financial and work history, prior loans, and a hundred other things before they can even think about lending you the money that you need. But an inheritance advance company only needs proof that you are going to receive an inheritance; and they can get you that money quickly and efficiently.

Inheritance Advance and Loans Will Create Tax Issues

The worst part about having to take out a loan is that huge cloud of debt over your head. It seems that banks are just out there to take advantage of us at every turn. You are going through some rough times; why can’t they take it easy on you and give you a loan with some decent terms? An advance on your inheritance makes all of these questions go away. You get the money you need up front; there are no monthly payments, and when the inheritance finally comes through; the money goes to the company who gave you the advance. It’s so simple!

You have options when it comes to getting your inheritance money when you need it. A bank will tell you that a loan is more secure and that the agreement protects you as well as them. Do not go with a bank. You want your money without the complications from a loan. An advance will get you what you need when you need it.

Which Is Best for My Small Business? a SEP IRA or SEP 401k?

Tax Act

A retirement plan for a small business can be tricky to find. You would want a plan that has low contribution minimums and affordable administration fees without sacrificing the benefits that your employees may receive. Of all retirement plans available for small business proprietors and self-employed individuals, the SEP IRA and SEP 401k plans are the top choices. What is a SEP IRA and what are the SEP IRA rules? A SEP 401k? What are their similarities and differences? Which is better for my business?

A SEP IRA is a retirement plan that allows the employer an easy method of contribution to the employee’s IRA. When to make contributions and how much will be contributed is all up to the employer. The limits of contribution are generous: $49,000 or 25% of the worker’s annual salary. The contribution to be made will be the lesser of the 2. An advantage of this plan is that it can include a big number of employees under the SEP.

Similar to a SEP IRA, the SEP 401k contributions are also employer discretionary. Contribution limits for this plan are: $15,500 maximum from employee’s salaries plus an additional 25% of the employee’s compensation as employer contributions. The catch is that this plan is only for the account older and his or her spouse, any employee cannot be part of the plan.

Of the two, the SEP 401k can potentially have a bigger contribution allowance. Say for example, an employee is receiving $100,000 a year. In a SEP IRA, maximum contribution possible would be 25% or $25,000. For a SEP 401k, that would be $15,500 taken from the salary, plus an employer contribution of 25% or $25,000. That would amount to a maximum possible contribution of $40,000fot the SEP 401k. The only drawback of the SEP 401k is that employees are not catered in the plan, so if you plan to expand your business and hire more to work from you, then the SEP IRA is the obvious choice.