LWS Tax & Accounting Schedule Appointment

Blog

Tax Advantages to Owning a Home

From a financial standpoint, owning a home can be a great decision. Whereas rent is an expense you will never see a return on, mortgage payments are an investment in your property. They give you equity. And assuming you bought …
Read More

Posted by admin | in Individual Tax | Leave a comment

Marriage and Taxes

A lot of things change after a wedding: last names, addresses, banking accounts, schedules, priorities, interior decor, and more. One thing newlyweds don’t always think about is how their taxes change. That’s probably because most people don’t like to think …
Read More

Posted by admin | in Individual Tax | Leave a comment

Business Supplies vs. Business Equipment: What’s the Difference?

Starting and running a business usually comes at a cost. Luckily, as a business owner, you’re able to deduct business expenses from your taxes. That means that you don’t pay tax on that money. As a small business, it’s critical …
Read More

Posted by admin | in Accounting, Business Tax | Leave a comment

Estimated Quarterly Tax Payments

When you start a new job, one of the first things you typically do is fill out your tax information, usually in the form of a W-4. A lot of people don’t really understand what they’re doing while they do …
Read More

Posted by admin | in Accounting, Business Tax, Individual Tax | Leave a comment

Common Payroll Mistakes

Even the best employees aren’t going to stay around long if they’re not getting paid. Having a proper payroll system in place ensures that everyone gets paid on time in the proper amount. That is, unless you’re making payroll mistakes. …
Read More

Posted by admin | in Business Tax, Payroll | Leave a comment

What to Do with Your Tax Refund

Tax season is over! Congrats, you made it. Unless, of course, you didn’t submit your taxes on time. But let’s assume you did. Even better, you got a refund this year. Now you have all of this extra money lying …
Read More

Posted by admin | in General Finances, Individual Tax | Leave a comment

How Your Credit Can Affect Your Business

Bad credit has it’s name for a reason. It’s not good for you. It has many negative impacts on your life, especially when it comes to getting a loan for something like a car or a home. If you’re looking …
Read More

Posted by admin | in Accounting, General Finances | Leave a comment

Tips for Tracking Business Expenses

Nothing sends business owners scrambling like tax season. As you scour for receipts and try to remember every expense, a thought may cross your mind: This would be a lot easier if I did a better job of tracking this …
Read More

Posted by admin | in Accounting, Business Tax | Leave a comment

Taxes and Identity Theft – What You Need to Know

Imagine that you’ve gone through all the work of completing your taxes. The forms are gathered, filled out, and submitted. And the best part? You get a return this year. All you need to do is sit back and wait …
Read More

Posted by admin | in Accounting, Individual Tax | Leave a comment

Underpaying Your Taxes – Fines, Fees, and Other Fun Things

Recently, we talked about what happens if you don’t pay your taxes. The short version is: you should just pay your taxes and save yourself a lot of trouble. But what happens if you under pay your taxes? Well, it …
Read More

Posted by admin | in Business Tax, Individual Tax | Leave a comment