Tax Tips, Business Advice, & Useful Articles

Our tax tips, business advice, and articles section is here to keep you up to date with changes that are made by the government.

Information in the tax and accounting world changes very quickly and it is our job to relay that to you.

We plan on updating this section often with,

• Tips and Advice on all aspects of our business
• Articles that we find useful that we believe will help you
• Other information we find pertinent that will be essential in us helping you plan for taxes, your business, or other financial matters

First, let us relay some sound advice when it comes to utilizing our services properly and ask a few questions so you'll know if you are doing everything accurately.

-- Consult with your accountant at Dayton Tax & Accounting for important decisions. In many instances there will be tax implications with major decisions. There are other factors to consider, whether you are deciding to do something with your personal finances or business development. We are here to assist you in making those important decisions.

-- Do not forget to file your taxes and other important documents. The government will catch up with you.

-- Did you contribute to your retirement plan? Do you have one set up?

-- Are you running your business as a Schedule C/Sole proprietor? In many cases this is the best choice, but you should let us help you determine that.

-- What accounting software are you using? Have you set everything up correctly?

-- Being organized helps us utilize our time wisely to assist you in paying as little tax as possible.

-- Have you given to charity? Not only will it make you feel good, but you might qualify for an additional deduction.

-- Have you taken advantage of all the deductions the IRS states are legal?

The list goes on and on and we will add to it accordingly. Be sure you are consulting with your advisor at Dayton Tax & Accounting on various tax tips, planning, and more.

There are a lot of times when you think you get quality deductions only to get taxed somewhere else. Examples include, gambling losses, the alternative minimum tax, capital gains losses, various credits & deductions, and other issues that sneak up on you.

If you are not familiar with the repercussions of these types of items, you should consult with us.

Below you will find articles that we think you might find informational and useful in planning for each year.

Tax Breaks & Deduction Finder

With constant changes in our financial environment, updated articles and tips regarding various tax, accounting, & financial matters is critical to keeping up to date for proper planning. Share an article or tip below...