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4 Reasons People Get into Trouble With the IRS

Business / Taxes

Aplus Legal Advice  |  2022.09.03 00:25  |  653 views

You don’t want to mess with the Internal Revenue Service. One small mix-up when handling your finances can cost you big. For example, in recent years the IRS has increased its filing of levies, liens and wage garnishments. In fact, in 2004 alone, approximately 2.5 million levies were filed.



Ten ways to cut your property taxes

Business / Taxes

Aplus Legal Advice  |  2022.09.03 00:24  |  677 views

Property taxes are decided collectively by school boards, town boards, legislators, and councils. The tax rate is set by collating the amount of funds an area needs. This is then divided that by the total taxable assessed value of the area. The tax an individual pays is computed by multiplying the tax rate by the assessed value of your property and then deducting any applicable exceptions. Property taxes are at an all-time high. Studies indicate that they have increased more than 35% in five years.



Write-Off Bad Business Debts on Your Taxes

Business / Taxes

Aplus Legal Advice  |  2022.09.03 00:41  |  696 views

Every small business has receivables that it cannot obtain from clients. If your small business doesn’t have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction.



When Tax Day Comes Four Times A Year

Business / Taxes

Aplus Legal Advice  |  2022.09.03 00:46  |  799 views

For more than ten million Americans, Tax Day comes up to four times a year. Many small business owners, as well as people earning income from investments, rental property, or alimony, are often required to pay quarterly estimated taxes every April, June, September, and January.



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