Are tips required to be reported?
Generally, you must report the tips allocated to you by your employer on your income tax return. However, you do not need to report tips allocated to you ...
Category: Updates
How does a family deductible work for health insurance?
A family deductible is the sum of two individual deductibles, but it works a little differently than an individual deductible. Before you’ve met your fami...
Who are the companies that closed in 2010?
In that spirit, here are the stories of six small businesses that closed their doors in 2010. A personal finance Web site based in San Francisco. Wesabe o...
What is the Affordable Care Act in simple terms?
The Affordable Care Act (ACA) is a comprehensive reform law, enacted in 2010, that increases health insurance coverage for the uninsured and implements re...
Do I need to amend Michigan taxes?
For refunds on the federal tax, residents must wait on the IRS and should not file an amended return. Michigan’s state income tax is 4.25%. The refunds ar...
What is the Canadian tax year?
The Canadian Government’s fiscal year, for example, runs April 1st through March 31st. At the end of each year, they report on their budgetary deficit, re...
How do you prove wages if you are self employed?
It’s easy for people with full time jobs to prove their income—all they need is a pay stub, W2, or offer letter from their employer (if it’s a new job)….3...
How do you respond to advice?
Advice thank you I appreciate you taking the time to speak with me. Thanks for the helpful advice! Thank you for sharing your advice with me. Thanks for a...
Is Internet a college expense?
Education tax credits A computer for school purposes may or may not qualify for these credits. Generally, if your computer is a necessary requirement for ...
Where do you deduct health insurance premiums for employees?
Premiums paid to cover your employees If your business has employees and you pay health insurance premiums for them, these amounts are deducted on the app...
