SEF Accounting and Tax Services

Six common tax-deductible expenses for self-employed real estate professionals Many people envy the lifestyle of the self-employed. You set your own hours, you don’t have a traditional boss to whom you are accountable, and in theory, you have unlimited earning potential. The main downside …

15 Tax Deductions You Won\'t Believe Are Real Your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine, ranging from cat food to a casualty loss for a vehicle totaled by a drunk driver.

April 15th has come and gone.
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It is official, due to the fact that April 15, 2016, falls on Emancipation Day, tax returns will be due on Monday, April 18, 2016. Check it out https://www.irs.gov/taxtopics/tc301.html

Tax Topics - Topic 301 When, How, and Where to File Generally, April 15 of each year is the due date for filing your federal individual income tax return if you are a calendar year filer whose tax year ends on December 31. If you use a fiscal year (which is a year ending on the last day of any month other than December), your return is due on or befo…

Working parents should be aware of these few facts regarding the child and dependent care tax credit that's worth up to $1,200!

● Children must be under age 13 to qualify for the credit.
● The credit applies whether the childcare provider is a sitter at home or a daycare facility.
● The credit applies for up to $3,000 of expenses for one child and up to $6,000 for two or more.
● The credit can be up to 35% of qualifying expenses, depending on your income.
● Keep the tax ID number of the child care provider.

Reminder, Corporate taxes are due on March 15, 2016.

SEF Accounting and Tax Services, Inc. provides tax, accounting and professional business services, products and solutions. These services are provided to individuals, LLCs and corporations.