Brandt & Associates Tax & Financial Services RSS Feed http://brandttax.com/ Take a look at our recent blog posts and client newsletter articles. en-us Fri, 01 Jun 2018 09:00:00 -0500 Fri, 01 Jun 2018 09:00:00 -0500 Tax Consequences of Crowdfunding http://www.brandttax.com/newsletter.php#2 Crowdfunding websites such as Kickstarter and GoFundMe have become increasingly popular for both individual fundraising and small business owners. The upside is that it's often possible to raise the cash you need; the downside is that the IRS might consider that money taxable income. Here's what you need to know. Fri, 01 Jun 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#2 Tax Breaks for Businesses Hiring New Employees http://www.brandttax.com/newsletter.php#4 If you're thinking about hiring new employees this this year you won't want to miss out on tax breaks available to businesses with employees. Fri, 01 Jun 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#4 Seasonal Employees and Taxes http://www.brandttax.com/newsletter.php#5 Part-time and seasonal employees are subject to the same tax withholding rules that apply to other employees. Fri, 01 Jun 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#5 Saving for Education: 529 Plans http://www.brandttax.com/newsletter.php#1 Section 529 plans are a popular college savings vehicle for parents. Thanks to the passage of the Tax Cuts and Jobs Act, they can now be used for pre-college education expenses as well. Fri, 01 Jun 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#1 Filing an Amended Return http://www.brandttax.com/newsletter.php#3 Have you filed your federal tax return and then discovered a mistake? You might need to file an amended tax return. Then again, you might not. Fri, 01 Jun 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#3 What to do when your Tax Return is late http://www.brandttax.com/newsletter.php#2 Haven't filed a 2017 tax return yet? Don't worry; it's not too late--and it may be easier than you think. Tue, 01 May 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#2 Using a Car for Business: New Rules under TCJA http://www.brandttax.com/newsletter.php#5 Many of the tax provisions under tax reform were favorable to small business owners including those relating to using a car for business. Tue, 01 May 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#5 Selling your Small Business http://www.brandttax.com/newsletter.php#3 If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is without a tax planning strategy in place you could be liable for capital gains and other taxes related to the sale of your business that leaves you with far less cash than you anticipated. Tue, 01 May 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#3 Self-Employed? Five Easy Ways to Lower your Tax Bill http://www.brandttax.com/newsletter.php#4 If you're like most small business owners, you probably feel like your tax bill is too high. Here are five ways that could help you save money on your taxes. Tue, 01 May 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#4 Reporting Virtual Currency Transactions http://www.brandttax.com/newsletter.php#1 With the price of Bitcoin hitting record highs in 2017, many Bitcoin holders cashed out not realizing the impact it could have on their tax bill. If you were one of them, here's what you need to know. Tue, 01 May 2018 09:00:00 -0500 http://www.brandttax.com/newsletter.php#1 Important Tax Changes for 2018 http://brandttax.com/blog.php?id=15 There are many changes in 2018 that affect individual taxpayers. These tables will reflect the increases in standard deduction, modifications to tax rates and brackets, and repeal of personal exemptions. Tue, 20 Mar 2018 09:00:00 -0500 http://brandttax.com/blog.php?id=15 Standard Mileage Rates for 2018 http://brandttax.com/blog.php?id=14 2018 standard mileage rates are changing. Know the rates now so you're prepared to file your taxes! Tue, 13 Mar 2018 09:00:00 -0500 http://brandttax.com/blog.php?id=14 Extended Due Dates for Health Coverage Forms http://brandttax.com/blog.php?id=13 The due date to provide 2017 health coverage information forms in 2018 has been extended by 30 days. Employers now have until March 2, 2018 to provide Forms 1095-B or 1095-C. As a result of this extension, some individuals may not receive their Forms 1095-B or 1095-C in time to file their 2017 individual income tax return. Learn More... Tue, 20 Feb 2018 09:00:00 -0600 http://brandttax.com/blog.php?id=13 Tips for a Stress-Free Tax Season http://brandttax.com/blog.php?id=12 Stressing out about taxes can often cause people to keep pushing them off, making the problem even harder to deal with by the time they get around to doing taxes. Here are our six tips for a stress-free tax season. Thu, 08 Feb 2018 09:00:00 -0600 http://brandttax.com/blog.php?id=12 Hiring Best Practices http://brandttax.com/blog.php?id=10 You've found the right candidate. Now ensure you file the right paperwork! Virginia, DC and Maryland's premier hiring best practices consultants. Wed, 09 Aug 2017 09:00:00 -0500 http://brandttax.com/blog.php?id=10 Choosing the Correct Tax Filing Status http://brandttax.com/blog.php?id=9 It's important to use the right filing status when you file your tax return because the filing status you choose can affect the amount of tax you owe for the year. It may even determine if you must file a tax return. Fri, 31 Mar 2017 09:00:00 -0500 http://brandttax.com/blog.php?id=9 Welcome to "Adulting"! http://brandttax.com/blog.php?id=8 Nothing quite like filing your own taxes for the first time. Welcome to "Adulting"! Getting prepared ahead of time can cut down on stress and confusion and make the best decisions for your financial situation. Tue, 14 Mar 2017 09:00:00 -0500 http://brandttax.com/blog.php?id=8 Never Miss These Tax Breaks for Individuals http://brandttax.com/blog.php?id=7 Confused about which credits and deductions you can claim on your 2016 individual tax return? Here are six (6) tax breaks that you won't want to overlook. Wed, 01 Mar 2017 09:00:00 -0600 http://brandttax.com/blog.php?id=7 2016 Health Coverage Exemption - What You Need To Know http://brandttax.com/blog.php?id=6 With the 2017 tax filing season in full swing, now is the time to think about how the health care law affects your taxes. Learn the criteria for Form 8965. Tue, 21 Feb 2017 09:00:00 -0600 http://brandttax.com/blog.php?id=6 Five (5) Tax Breaks That Expired Last Year http://brandttax.com/blog.php?id=5 Many tax provisions were made permanent with the passage of the PATH Act in late 2015, but more than 36 others expired at the end of 2016. Here are the five (5) that are most likely to affect taxpayers like you. Wed, 15 Feb 2017 09:00:00 -0600 http://brandttax.com/blog.php?id=5 Seven 2017 IRS Tax Scams To Watch Out For http://brandttax.com/blog.php?id=4 With the rush to file taxes, many are out there to scam you. Here are Brandt & Associates Seven IRS Tax Scams to watch out for in 2017. Thu, 09 Feb 2017 09:00:00 -0600 http://brandttax.com/blog.php?id=4 Should You File a Tax Return in 2016? http://brandttax.com/blog.php?id=3 Most people file a tax return because they have to. Even if you don't, there are times when you should because you might be eligible for a tax refund. The six tax tips below should help you determine whether you're one of them. Thu, 02 Feb 2017 09:00:00 -0600 http://brandttax.com/blog.php?id=3 Tips On Paying Taxes For Household Help http://brandttax.com/blog.php?id=2 If you employ someone to work for you around your house, it is important to consider the tax implications of this arrangement. Read Brandt Tax's Tips on Household Help Fri, 27 Jan 2017 09:00:00 -0600 http://brandttax.com/blog.php?id=2 Seven Tax Tips For Older Americans http://brandttax.com/blog.php?id=1 Older Americans want to save money on their taxes. If you are age 50 or older, here are seven (7) tax tips that could help you save money this tax season. Fri, 27 Jan 2017 09:00:00 -0600 http://brandttax.com/blog.php?id=1