As we enter the fourth quarter, it’s time to start preparing for the year-end close of your books. For businesses, this is a crucial time to organize records and ensure everything is in place for an accurate and efficient tax filing process. One key area to focus on is updating your fixed asset records. Here’s […]
Understanding the available tax credits can significantly ease the burden of navigating the financial demands of childcare as a parent. Today, we’re exploring the Dependent Care Credit, an essential tax benefit for those paying for child care. What is the Dependent Care Credit? The Dependent Care Credit is a tax benefit designed to help working […]
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As the costs of higher education continue to rise, it’s essential for students and their families to be aware of the financial aids available to them. I’m Emily Lance with the Romine Group, and today, I’ll walk you through two significant college tax credits that can help ease the financial burden: the American Opportunity Tax […]
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Let’s break down what Kiddie Tax is, who it affects, and how to manage it. What is the Kiddie Tax? The Kiddie Tax applies to children under the age of 18 and full-time students up to the age of 24. It is designed to address the tax treatment of unearned income, which includes: Interest […]
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We want to have a conversation with our farmers. As tax season approaches, it’s crucial for us to touch base with you regarding the necessary information we need to streamline the tax filing process. Firstly, let’s talk about deadlines: We kindly request that you provide us with your essential data by February 16th. This […]
Read More… from Connecting with Our Farmers: A Vital Reminder on Tax Preparation