April 2, 2018
Are you expecting a tax refund? If so, don’t treat your tax refund as ‘bonus’ cash. Rather look at it as simply a return of taxes paid beyond your actual obligation. This will help you think about using this money purposefully. Here are some ideas to try:
While it is tempting to use your tax return as a windfall, it is important to remember that you earned it. Also, if you are receiving a sizable refund, consider adjusting your tax withholding amount, so you have more of your income to use to cover expenses throughout the year.
Questions? Please contact our firm.
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"As a lifelong Alaskan who has been involved in the financial services industry for over 36 years, I have had the pleasure of not only being a client of Rulien + Associates, but have referred a number of clients to them for assistance on tax, financing, bonding, business succession and estate planning needs. Rulien + Associates was founded on two primary principals, integrity and providing the highest levels of customer service..."read more
"It has been my good fortune to have enlisted the services of Rulien + Associates for the past several years. They have provided me with expert guidance and timely help in tax preparation, estate and tax planning, family trusts, property sales, and retirement preparation. I am indebted to them for their assistance and for the sense of security I now enjoy."read more
"Making the switch to Rulien + Associates, LLC was the best and easiest business decision I have made. They are at the top of their game and always working to help me reach my business goals. They treat clients like family and are always just a phone call away to offer guidance. They take care of all my business needs from financial statements, payroll, bookkeeping, and year-end taxes. Regardless of the size of your business, they treat all clients with respect and outstanding service."read more
"We switched to Rulien + Associates five years ago and have never looked back. They manage all of our accounting related needs for our four restaurants. They’ve always been great about explaining complex topics in ways that we can understand and a result, we are much more accounting savvy. Their billing is extremely fair and we get great value for our money because our accountant is fast and thorough. We enjoy and look forward to our meetings with them and trust their advice! We recommend Rulien to anyone looking for experienced and capable accountants."read more
For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.
This is a friendly reminder that the Q3 tax estimate payment deadline is coming up fast. Be sure to make your payment by September 15, 2018 to avoid penalties. Currently, penalties for late or no payment average about 4 percent. And wouldn’t you rather keep that money in your pocket?
According to new rules from the Tax Cuts & Jobs Act, meals and entertainment tax-deductible expenses for businesses have undergone considerable reform. Because the explanations of new deduction guidelines can be confusing, we’ve created this brief outline for you. A visit with your accounting professional to ensure your Chart of Accounts is correct may also be beneficial.