Personal Finance: The Fine Art of Estimating Tax Payments

Personal Finance: The Fine Art of Estimating Tax Payments

Our tax system is a “pay-as-you-go” process, which is all pretty straightforward when you receive a regular paycheck, and money is withheld on your behalf. But when you are self-employed — or earn certain other types of income — making estimated tax payments is your responsibility. If you don’t pay in enough during the year to cover your taxes, you could be faced with an underpayment penalty.
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The Fight Against “Bracket Creep”

The Fight Against “Bracket Creep”

Each year, the IRS makes adjustments for inflation to more than 40 different tax provisions. The idea is to prevent what is known as “bracket creep.” Without these annual adjustments, you could find yourself creeping into a higher income tax bracket — or lose value from credits and deductions.
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Tax Reform — Boon or Bust?

Tax Reform — Boon or Bust?

The Tax Cuts and Jobs Act (TCJA) was announced with much fanfare at the end of 2017. The Act amended the Internal Revenue Code of 1986, including reducing tax rates for businesses and individuals. With tax season now in the rearview mirror, let’s look at what tax reform did and did not accomplish.
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Easy IRS Tax Calendar

Easy IRS Tax Calendar

Stay on top of your business taxes this year with a free Tax Calendar from the IRS. It's easy to customize this handy calendar tool to keep track of important dates and deadlines. For example, you can list dates when payroll deposits are due, or filing deadlines for 1099 and W-2 forms.
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Tax Season Is Almost Here!

Tax Season Is Almost Here!

Get Ready for Tax Season! Are you ready for tax time? There are a couple of steps you can take now to alleviate some of the stress of filing your return. Plan to get organized early. Begin by putting together a tax folder with W-2s from your employer, 1099s for other...

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Now Hiring a Seasonal Tax Preparer

Now Hiring a Seasonal Tax Preparer

Premier CPA Services PC is seeking Seasonal Tax Preparer to join our team during the 2017 tax season. The main responsibilities include: Prepare individual tax returns utilizing information provided by clients, Reviewing client information, and Inputting into tax...

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