Fix My Finances
Helping You Get “Back In The Black”

Everyone hates paying taxes.  We all accept it as inevitable but look for ways to reduce our tax liability.  Luckily for us, the IRS offers incentives in the form of tax deductions.  Some common deductions include charitable contributions, interest on your home mortgage, and interest on your student loans.  While you may have no control [...]

Wages of children under 18 years of age who are employed in the family business are not subject to social security or Medicare taxes.  However, this holds true only if the family business is a sole proprietorship or a partnership in which both partners are parents of the children. If the children are under 21 [...]

Many small business owners start making a profit, take a salary, and then get a huge surprise when tax day rolls around.  Most small business owners do not have a tax or accounting background, however, it is extremely important that you not neglect this side of your business.  If as a self-employed person you are [...]

Many people today don’t know how to keep a checkbook or balance their bank statement let alone how to file an income tax return.  If you are in this boat, don’t worry, there are plenty of ways to get your taxes filed without paying someone a hundred dollars to do the return for you. The [...]

Income taxes are just around the corner.  You have been saving receipts all year in preparation for this moment.  Once all your W-2s come in you are ready to hand the pile off to your tax manager to sort through the mess and  make magic.  However, there are probably some deductions that you haven’t thought [...]

The commercials are starting to scare you early this year.  Many are eagerly waiting to get their returns back so they can have the extra case to pay bills, perhaps even to pay off their Christmas.  So, should I listen to all the commercials and hire someone else to figure  out my taxes?  It depends [...]