Author: Lena Hanna
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Wrapping Up Tax Season: Ensuring Your Tax Returns are Complete and Accurate
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As the tax season draws to a close, it’s crucial to ensure that your tax returns are finished with precision and care. For many, this time of year can be filled with stress and last-minute scrambling, but with the right approach and guidance, it can also be a period of…
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In the Market for a New Auto- Check Out These 10, Which May Give you Up to a $7,500 Credit
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The following electric vehicles may qualify for the full $7,500 federal tax credit: These EVs and hybrids are no longer eligible for the tax credit.: The recently introduced tax incentives, valid until 2032, were established in the Inflation Reduction Act with the aim of incentivizing more Americans to purchase environmentally friendly…
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Have You Ever Wondered How Much Americans Spend on Easter?
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This year, it is approximately $24 billion! According to the National Retail Federation, it was reported that a majority of American consumers have plans to celebrate Easter this year. Additionally, the organization anticipates that the average expenditure per consumer, which includes purchases for items like new clothes, food, candy, presents,…
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If You Can’t File Your Taxes By April 18th, Here’s How To Get An Extension
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Taxpayers who are unable to file their tax return by the deadline can request an automatic six-month extension to file on Form 4868. This extension allows for extra time to gather, prepare, and file paperwork with the IRS. It is important to note that an extension to file the tax…
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What are the Common Accounting Mistakes to Avoid?
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Here are some common accounting mistakes to avoid:
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What the 2023 IRS Filing Statistics Tell Us
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I recently came across the IRS statistics comparing March 25, 2022, and March 24, 2023, and I noticed a significant decrease in the average refund amount from $3,263 to $2,903, which is an 11% decrease. This decrease can be attributed to several factors, including changes to the Child Tax Credit,…
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Bookkeeping Tips: How to Keep Your Finances in Order
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As a business owner, bookkeeping is a crucial part of your financial management. It helps you keep track of your income and expenses, monitor your cash flow, and prepare accurate financial statements. In this post, we’ll explore some bookkeeping tips to help you keep your finances in order. One of…