Money Matters

Accounting, taxes, and more. Your financial questions answered.

Married Filing: Joint vs Separate

Married couples can file their federal income taxes jointly or separately. When you file a joint tax return, both you and your spouse report your income, deductions, credits, and exemptions on the same tax return. This also means that you are both responsible for each other's tax liability. Even if you reported no income on the return, you will be ...
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Sharing Economy and Your Taxes

Sharing economy (also known as the on-demand or access economy) is a fast-growing business model that allows providers to use online platforms and smart phones to easily connect with customers and rent a spare room, provide car rides, or provide other personal services. If you've ever rented out a room or vacation home on Airbnb, or provided rides ...
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New Requirements for Child Refundable Tax Credits

Taking advantage of child refundable tax credits can help you cut your tax bill, but before you claim a credit, you need to determine your eligibility. In addition, new requirements effective for 2016 are designed to help the IRS clamp down on fraudulent claims. All three credits are partially or totally refundable, meaning that they can reduce a t...
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What to Bring to your Tax Appointment

A new year means New Year’s resolutions, cold weather, and tax returns! It’s a good idea to check this item off your to do list as early as possible, so make your appointment with your tax advisor today. Here's a handy checklist of the documents you’ll want to bring to your appointment.

Copies of Prior Year Returns

If you are a new client, please bring copies of your federal and state income tax returns for the last three years.

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