Understanding Use Tax as a Small Business

What Are Use Taxes Use tax is a complementary tax. A State’s Use Tax is designed to be no broader in scope than its Sales Tax. For the most part, exemptions are the same for both of the taxes. Use Taxes are self-assessed. Perhaps the biggest difference between a State’s Sales Tax and its Use…

How To Keep At Least $250K Tax Free Dollars When You Sell Your Home

Over the past year, we have seen an increase of 10.4% on home prices nationally, according to Trulia’s Price Monitor. We are seeing the beginnings of a robust recovery from the housing market crash of 2008- 2012. Thus, if you have owned your home for more than seven years, it is possible that you may…

Child and Dependent Care Credit

Most working parents are well aware they get a tax break to help cover the costs of sending their child to day care. But some parents overlook the tax advantage of summer day camp costs. During school vacations, many parents turn to these supervised programs to provide child care while they work. Overnight camps do…