Archive for the ‘Blog’ Category

2014 – Tips vs. Service Charges – The Rules Have Changed

30/01/14 9:47 am | Comments (0) | Posted By:

Large party automatic gratuities may be a thing of the past. These were originally implemented to ensure servers were being adequately compensated. However, as of January 1st, the IRS now considers these automatically calculated tips as service fees, and will treat them as regular wages, subject to payroll withholding tax. Think back to your ...

ARE YOU READY? IT’S TAX SEASON!

16/01/14 11:32 am | Comments (0) | Posted By:

  Yes, it is that time of year. Now that the holidays are over, it’s time to start thinking about income tax. Were there any life event changes such as getting married, having a baby, adopting a child, death of a spouse, purchasing a home or any other events that would affect your income tax return? Start accumulating your documents to pre...

The Quest for a Cheaper Cell Phone Bill

09/01/14 12:54 pm | Comments (1) | Posted By:

  How much do you pay for your cell phone monthly? I’m not on the most expensive plan, but I still pay nearly $80 a month. While the price of my plan hasn’t increased in recent years, primarily because I haven’t upgraded my phone, I still feel $80 is too much. On top of it currently being too expensive, if I decide to upgrade my phone at a su...

Tax Identity Theft – Before and After

02/01/14 8:00 am | Comments (0) | Posted By:

Theft of personal information, such as social security numbers, to commit fraud on tax returns, to claim refunds or credits to which a taxpayer is not entitled to or commit other financial crimes is on the rise. Using this information, thieves often file fraudulent returns early during the filing season to avoid information matching. So you shou...