There’s one thing that some people fear more than anything else – a trip to the dentist. It’s the fear of what you could find out and the awful feeling of having your teeth scraped or worse learning you might need a tooth pulled or a dreaded root canal. At the same time we’re all…
There’s never a perfect time to start your own business. One of our biggest obstacles is knowing all the legal red tape in actually starting one. In my professional experience I see this as the #1 reason that prevents 1000’s of would be entrepreneurs from taking the leap. I’d like to start this discussion with…
Newsflash “we are available YEAR-ROUND to help with your taxes”. Please don’t limit yourself to thinking we are only here from January through April to assist with your tax pain. In the past we have focused on compliance and we have done an exceptional job given our year over year growth. That said, we feel…
We all know the famous tag-line “there’s an app for that”, but in this day and age it seems that apps themselves have evolved from just games and time-savers to ways for anyone to make money on the side(some of which can actually become full-on business ventures that replace your job). They come in all…
In today’s economy the question of “Am I an employee or independent contractor?” comes up quite frequently. This is also true for employers themselves as there are several types of tax that an employer must pay if the people performing work for them are deemed employees as opposed to an independent contractor. Such examples are…
I just saved myself money by doing my own taxes. Why do I need you when there is free online software X or even a mobile app that’ll do it and even GUARANTEES it is correct? You’re right that doing a tax return has become so easy even a neanderthal can do it. You know…
With the end of the tax season coming on Tuesday April 18th, 2017(normally it is April 15th) a recurring theme has been “I’ll just put it on extension”, but what does this really mean? Filing an extension, which is commonly done with IRS Form 4868 – Application For Automatic Extension of Time To File US…
The IRS is giving away $1 billion! Yes, you read that correctly, one billion with a “b”. There is a catch, though, you must be one of the almost 1million taxpayers who have yet to file a 2008 income tax return AND this offer expires 4/15. If you’re interested in claiming tax back go see your…
Now that Valentine’s Day has passed, it’s time to talk about an income tax situation that will make you love your tax professional almost as much as you love your significant other! At JFTS we get a lot of married couples who come to us looking to file their income tax return separately. After a…