Monthly Archives: January 2013

Intuit Unveils TurboTax CPA Select

TurboTax CPA Select

TurboTax CPA Select is designed to connect small and medium business owners who require someone to file their taxes with a CPA.  In fact, the unveiling was done just in time for the new tax season. With this system, SMBs will know the amount of tax beforehand.

Brian Crofts, Group Product Manager, insists that With CPA Select, the company is focused on fulfilling their customers’ needs.

The new services will be introduced to its clients in two phases. First at the Small Business VCon on January 23. Second at the Intuit Innovation Gallery Walk on January 29. … Read the rest

Wealthy California Residents Upset About Higher Tax Rates

Residents Upset About Higher Tax Rates

Many business owners are seriously considering leaving “The Golden State” for good due to excessively high taxes.

From small business owners in the bustling town of San Diego to the top vintners in the beautiful Napa Valley, many high-income Californians are preparing to pack their bags for good.

PGA Tour commissioner Tim Finchem and Phil Mic...

PGA Tour commissioner Tim Finchem and Phil Mickelson at the awards ceremony for The Players Championship in 2007, which Mickelson had just won. (Photo credit: Wikipedia)

High-ranking golfer Phil Mickelson is speaking out about his feelings on this issue. He feels that he is being forced … Read the rest

The Benefits Of Using Federal Free TurboTax

Federal Free TurboTax

It isn’t long until 2012 taxes have to be filed. More people are filing online using software like free Turbo Tax. Filing online can make the process easier and it saves time going to a tax preparer. Software such as Federal Free TurboTax does everything for you.

How Turbo Tax Software Works

Turbotax get started

Turbotax get started (Photo credit: wrkng)

Turbo Tax is used by millions of people each year. They comment on how it made the process simpler and faster. This software automatically calculates your refund or taxes you according to the data you enter. You can … Read the rest

Eliminating State Income Taxes Could Spur Economic Growth

Eliminating State Income Taxes

While Washington continues to struggle with attempts at major changes to the federal tax system, individual states have no such problem.  Many states in the South and Midwest that have single-party legislatures and are Republican-controlled are seeking to do away with the tax filing of state income taxes in favor of higher and more diverse sales taxes.

With 37 of the 50 states having single-party control of the legislature and governorship, seemingly radical projects such as tax reform can be handled much easier than in states that struggle with the need for a middle ground … Read the rest

Tax Returns: Processing Begins On January 30th

Tax Return Processing

The Internal Revenue Service of the United States(IRS) made the announcement this past week that the season for filing taxes will not begin until January 30th. They are not going to start any processing of individual tax returns until that date.

The IRS had originally announced January 22nd as the date they would be opening tax filing. The reason for the bump back in the date is the changes in the tax law that congress passed on New Year’s Day. This all had to do with the “fiscal cliff” negotiations between house Republicans and the president.

The Fiscal Cliff Fact Check

Checking the facts on President Obama and the ‘fiscal cliff’ deal.

There are some important facts which President Obama fails to mention in a Web video concerning the fiscal deal that leave the wrong impression concerning its impact on both the deficit and the taxpayers:

The president tells everyone that “middle-class families” Re not going to have to pay anywhere up to $2000 in additional taxes this coming year. This is certainly true in regard to income taxes however Obama fails to also tell the public about a payroll tax cut expiring. That expiration means that approximately 77% of … Read the rest