Premiere Business Services

Direct Deposit-Fast, Safe and FREE!

Larry — Mon, 06 Feb 2012 16:47:53 +0000

If you are receiving a tax refund and you want your money fast (and who doesn’t), use direct deposit. This is the fastest, safest way to receive your tax refund and here is the best part IT’S FREE! When you combine e-file and direct deposit, the IRS will likely issue your refund in as few …

Facts about Dependents and Exemptions

Larry — Tue, 24 Jan 2012 14:52:04 +0000

As you gather your information for tax preparation, it is a good time to review who is and who is not your dependent. Even though each individual tax return is different, some tax rules affect every person who may have to file a federal income tax return. These rules include dependents and exemptions. *Exemptions reduce …

Tips to Help You Choose a Tax Professional

Larry — Tue, 10 Jan 2012 15:35:27 +0000

It is that time of year again. The IRS wants your tax money! If you are like almost everyone else, you haven’t kept up with the large number of tax regulation changes this year. So what do you do, buy a software and try to do it yourself or do you chose a tax preparer? …

Tax-Time Tips

Larry — Thu, 05 Jan 2012 16:44:43 +0000

The income tax filing season has begun and important tax documents should be arriving in your mailbox. Even though your return is not due until April 17 this year, you can make tax time easier on yourself with an early start. *Gather your records*: Round up any documents you’ll need when filing your taxes: receipts, …

Charitable Contributions

Larry — Wed, 21 Dec 2011 15:40:15 +0000

As with most tax laws, charitable contribution tax deductions have changed this year. Charitable Contributions for older owners of individual retirement accounts (IRA) is scheduled to expire December 31, 2011. If you are not aware, an IRA owner, age 70 ½ or older, can directly transfer TAX-FREE up to $100,000 to an eligible charity. This …

Tax Credit Helps Workers Save for Retirement

Larry — Fri, 16 Dec 2011 20:55:24 +0000

Workers can take steps now to save for retirement and earn a special tax credit now and in the years ahead. The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs, 401(k) plans and similar workplace retirement programs. One can set up a new individual retirement arrangement or add money …

Mileage Rate for 2012

Larry — Mon, 12 Dec 2011 15:39:24 +0000

Optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes has been announced for 2012. Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 55.5 cents per mile for business miles …

Managing Your Tax Records

Larry — Tue, 22 Nov 2011 15:34:29 +0000

As we near the end of the year, it is time to start thinking about tax preparation. Records, receipts and supporting logs are all needed to prepare an accurate tax return. You will also need these documents when the IRS selects your return for a tax audit. The IRS has added thousands to their staff …

Charitable Contributions Help Lower Taxes

Larry — Tue, 01 Nov 2011 17:49:41 +0000

Charitable contributions made to a qualified organization may help to lower a tax bill. To help ensure your contribution is deductible, pay attention to the following reminders. Your contribution must be to a qualified organization, check with the organization to ensure your contribution is tax deductible. If you give to a specific individual, a political …

Missouri State Unemployment

Larry — Mon, 24 Oct 2011 17:03:06 +0000

Every employer in Missouri pays into the Missouri Unemployment Insurance program. Frequently, we hear from those who are receiving benefits that since _they_, the employee, have paid into the fund, then they are going to take as much as they can from the fund. A common misconception occurs with the previous statement. Employers not employees …