Arizona Experiences Increase In Small Business Hiring

TurboTax 2012

The most recent Intuit Payroll Small Business Index for October revealed that, despite a downward trend nationwide, Arizona small businesses increased hiring for the second consecutive month.

The nationwide figure decreased by 0.05 percent, while Arizona saw a 0.13 percent increase. Overall, small businesses in the United States created 10,000 fewer jobs.

The decline in nationwide figures began in May. Small businesses added 150,000 from the beginning of March 2010 until the end of May 2012

The total recovery amounts to 85,000 jobs after a decrease of 65,000 jobs since May.

Roads and freeways in metropolitan Phoenix
Roads and freeways in metropolitan Phoenix (Photo credit: Wikipedia)

According to Inuit, the software company that makes TurboTax 2012, any enterprise with fewer than 20
employees qualifies as a small business.

The data analyzed came from approximately 170,000 customers using Intuit’s Online Payroll. In addition to making Turbotax, Intuit created Quicken software for bookkeeping.

In September, revenue recorded by small businesses decreased 0.3 percent. Of all the industries the Index monitors, none recorded an increase in revenue this month.

The biggest decline  was in the construction industry, which fell 0.8 percent, with accommodation and food services, professional services and retail all showing a 0.5 percent decrease.

Revenues across the nation have fallen 2.5 percent since this past February, which would be a 4.3 percent decrease for the year if the trend continues.

In October, employees saw their salaries decrease an average of $2,791, a decline from $2,794, or 0.1 percent, for September. The period covering August to September saw an increase of $17 in employee salaries.

Hourly employees worked an average of 24.7 hours each week with a total of 107.1 hours for October, down 42 minutes, or 0.7 percent from the 107.8 hours reported in September.

Best iPhone Apps to Help You with Your Taxes

Once again it’s the most boring and stressful season of all: tax season. When you’re preparing your own taxes, it can be quite tedious, but it must be done. Kudos to those of you who don’t rely on a tax professional and attempt to DIY. But everyone might benefit from a little help, and you don’t have to go it alone. If you have an iPhone, there are lots of great apps that will help you through the process so you can get your taxes done quickly and correctly (the first time). Here are the best iPhone apps to help you with your taxes.

TurboTax SnapTax
If you have a very simple tax return to file, this app will help you do it quickly and easily from your iPhone. There’s never been a better way to file if you have no dependents, don’t own a home, have only one form of income, and made less than $100,000 last year. If you fit those qualifications, download this app and be done with your taxes in minutes. Just take a picture of your W-2, answer a few simple questions, and e-file instantly. E-filing costs just $19.99, but downloading the app is free.

TaxCaster by TurboTax
Another excellent, free app from TurboTax, the TaxCaster will help you predict the amount of your refund. You’ll enter information about yourself and your income, such as your filing status, dependents, withholding, compensation, donations, your home, and more. When you’re finished, it will provide you with a dollar-amount estimate of your refund. While it won’t do your taxes for you and isn’t guaranteed to be exact, it’s a great way to get an idea of what you can expect from your taxes this year.

MyTaxRefund by TurboTax
The third awesome tax app from TurboTax is MyTaxRefund. If you e-filed your taxes this year, it will help you track the status of your return. It’s free, and you’re not required to have e-filed through TurboTax to be able to use it. You can check on the progress of your Federal and State e-filed returns with ease, anytime and anywhere.

Dictionary of Tax Terms
When you’re preparing your own taxes, you’re bound to run into a few mystery terms that you just don’t fully understand. This app costs $0.99, and it will define for you more than 600 tax terms. It’s searchable, you can save the entries you need to remember, and it works entirely offline.

Calculator
There are lots of calculator apps, but the 99-cent “Calculator” is the best way to go. It has an attractive interface, and it’s easy to use. It includes a variety of scientific functions for all your calculating needs. As you do your taxes this year, it’s essential to have a good calculator on hand, and this is one for you.

EITC Calculator
Did you know you could earn up to $5,751 back with the Earned Income Tax Credit (EITC)? This free app will help you determine if you qualify for an EITC. You’ll simply answer a few basic questions, such as your marital status and income, and this app will estimate how much you might qualify for.

 

Carl Schmidt is an experienced tax professional who shares his personal finance tips with you as a hobby. To keep his writing clear, he uses the world’s number one grammar checker.

Turbo Tax Mobile Apps

Mobile apps are current big news in the world of tax preparation. From providing tax information to allowing users to e-file, these apps are on the rise.

Unlike many competitors, TurboTax is one app that allows users to e-file a 1040EZ with their iPhone or Android device.  Data from around 400,000 financial institutions and employers, W-2 Express, various 1099 and 1098 forms, charitable-deduction records from ItsDeductible, accounting records from popular software like Quicken and QuickBooks, along with any data saved in a .cfx or .txf format are able to be entered. Bob Meighan, vice president of consumer advocacy at TurboTax, said that the goal is to allow taxpayers to use as few of keystrokes as possible to complete and file their tax returns.

In order to keep your information safe, incomplete return files are purged. Completed returns are accessible, which provides a benefit if you use the same app to file in following years.

Consumer Questions
TurboTax has enrolled agents and CPAs on hand to answer any tax questions that you might have.  This unlimited “Ask a Tax Expert” service is available via chat and telephone. You must log into your tax-return file to get an answer, but the answer will be available for you. TurboTax also has an impressive Live Community database, which has answers to thousands of tax questions.

Audit Support
If you find yourself in need of tax audit support, TurboTax has a solution for you as well. For $39.95, you’ll be walked through the steps you need to take to prepare for an audit.

Turbo Tax Free Edition Takes The Hassle Out Of Filing Your Taxes

With tax season approaching rapidly, many people have begun thinking about using software programs like TurboTax to help them prepare their taxes.  With the April 17 deadline rapidly approaching, now is the time to begin planning how you want to file your taxes this year.

TurboTax is one of the most popular programs in the country, and this year’s free edition is a great way to find out whether the software is right for you.  TurboTax software walks you through each step of the filing process, turning tricky tax topics into easy to understand questions that you can complete in just a few hours.

One of the major concerns that many people have when buying tax software is the cost of the program.  That’s one of the reasons that the free edition has become so popular.  The program helps you complete a basic federal tax return, although you will still need to file a state return.

If you need to complete a more complicated return that what the free edition can handle, there are a number of different products that can help.  Different versions are created for small business owners, those with significant investments, and people who have more complicated tax situations.

Whether you plan to take advantage of the free edition or you have used TurboTax before, this year’s program offers a number of features that make filing easier than ever before.  Don’t forget that TurboTax can import information from programs like Quicken or Microsoft Money to make filing even faster.  TurboTax can make the process of filing just a little less stressful.

Complete Your Taxes With Turbo Tax

When you are ready to start working on your 2011 taxes, you will find that there are many different software programs available to help.  Choosing the right one can be difficult, but picking the best software for your needs will help make this dreaded chore just a little bit easier.

One of the largest and most popular products is TurboTax, which gives users the ability to import data from different financial institutions to speed tax preparation.  The program works with data provided electronically by many employers, banks, and software programs like Quicken and QuickBooks to limit the amount of manual data entry you need to do in order to finish your taxes.

If you used TurboTax for last years filing, doing your 2011 taxes will get even easier.  TurboTax software will automatically import data from your previous year’s return to help fill in much of the information you need for your 2011 taxes.  Even if you no longer have the computer you filed on last year, TurboTax can often recover information from last year’s electronically filed and saved taxes to make filing a little easier.

Some additions to TurboTax software for 2011 taxes that make filing a little easier include bookmarks or flags which allow you to make notes in areas where you will need more information.  This can help you move through information more easily, completing things as you find the information.

The other major benefit to TurboTax is that the company gives you online access to “Tax Experts” who can help answer questions via online chat or toll free numbers to help you through any tricky areas.  Using TurboTax is one of the best ways to make your 2011 taxes a little less stressful.