BLOG


The Most Important Decision a Business Owner Makes
by admin / May 22nd, 2014

Who to hire?  What job to take?  Increase or decrease the bid?  These are some decisions business owners face every day and, at the time, may seem to be very important tothe business.  However, the most important decision a business owner makes, is under what legal entity structure the business should operate.  A wrong decision […]

Read more »

The Tax Benefits of Home Ownership
by admin / May 5th, 2014

  Owning a home can offer you many benefits. As a homeowner, you may be eligible for certain tax breaks and deductions.   FlowersŸ Rieger & Associates, PLLC can help you determine which benefits you can claim to reduce the amount of taxes you owe each year. Mortgage Interest The interest paid on your mortgage is […]

Read more »

Understanding the Difference Between Taxable and Nontaxable Income
by admin / April 21st, 2014

You might think that all of your income is taxable, but there are actually several sources of income that may not be taxed at all or that have taxes deferred. It is important to know the differences between these types of income so that you are able to optimize your return this year. Read on […]

Read more »

Reporting a Name Change Before Filing Your Taxes
by admin / April 5th, 2014

If you have not yet filed your taxes, you still have time to prepare all the necessary documents and get your return on its way. However, if you changed your name last year, you will need to get started on your taxes right away by reporting your name change. A tax return that you are […]

Read more »

Tips For Getting a Bigger Tax Refund
by admin / March 20th, 2014

The deadline for filing taxes is right around the corner. Many people will rush to file their taxes and miss out on the opportunity to get a larger income tax refund. Here are some tips for maximizing your tax refund this year: Deductions Deductions, when used correctly, can maximize your tax refund. The standard deduction […]

Read more »

IRS Offers Options to Avoid The Rush
by admin / March 5th, 2014

It is interesting that the days between late February and early March are one of the busiest times for the IRS in terms of helping people with their tax issues. It is the sweet spot, right around the time most people are either expecting their returns or beginning to think there is some sort of […]

Read more »

Make the Right Choice in Deducting Car Expenses
by admin / February 24th, 2014

If you use your car for business, you may deduct related expenses using one of the two methods allowed by the IRS.  You can choose between using the standard mileage method and the actual expense method. Standard mileage.  With the standard mileage method, you simply multiply your business miles driven during the year by the IRS’s standard […]

Read more »

Warning: Fake Emails From the IRS Scam Unsuspecting People
by admin / February 5th, 2014

Schemers who concoct email scams have realized that they can devise plans to deceptively exploit the public perception of the Internal Revenue Service. Originators of the scam seek to gain leverage due to the willingness of email recipients to comply with what initially appears to be correspondence from the IRS. The purpose of the fake […]

Read more »

IRS2GO Keeps You Tax-Informed
by admin / January 17th, 2014

Taxpayers who want to stay current with the status of their returns and refunds, and receive informative updates directly from the IRS, now can turn to the IRS2Go smartphone app. This handy tax app is available for download in English or Spanish with a recently updated version from the Apple App Store. IRS2Go allows users […]

Read more »

Business Equipment: Should You lease or Buy?
by admin / January 5th, 2014

It is not easy to decide whether it is wiser to buy or lease a piece of business equipment.  For most business owners, the first impulse is to buy.  With advantageous depreciation rules, buying is an attractive option.  Lower interest rates make buying equipment over time an affordable option but there may be times when […]

Read more »