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  • Taxes
    • Taxes
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    • Tax Preparation
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    • Trust, Estate and Gift Tax
    • Authorized IRS E-File Provider
    • IRS Representation
  • accounting
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business consulting
  • What to bring to your Accountant for your Income Tax Appointment?

    Author: H & S Accounting | Feb 17, 2020 | Categories: Accounting , Financial Statements , Payroll Processing Services , Tax Credits , Tax Planning , Tax Return , Tax Saving Ideas

    Personal Items

    • Copy of last year’s Income Tax return
    • Proof of identification (Drivers License, Govt. issued Photo I.D.)
    • Social Security Card, birth date for you and your family on the Tax return
    • Your permanent resident mailing address or a P.O. Box number
    • Bank account information or a voided check for direct deposit (for your refund)

    CLICK HERE TO READ THE FULL ARTICLE »


  • Why my tax refund is too low this year

    Author: H & S Accounting | Feb 18, 2019 | Categories: Accounting , Financial Statements , Payroll Processing Services , Tax Credits , Tax Planning , Tax Return , Tax Saving Ideas

    The 2018 is the first tax filing year under the new Tax Cuts and Jobs Act (TCJA). It took effect on January 1, 2018.  Tax rates generally are reduced for most taxpayers under this new tax law, but some of the tax filers may notice smaller or no refunds on their tax returns.

    CLICK HERE TO READ THE FULL ARTICLE »


  • Can I still deduct a 2018 Arizona Tax Credit on my Federal Return?

    Author: H & S Accounting | Jan 02, 2019 | Categories: Tax Credits , Tax Planning , Tax Return , Tax Saving Ideas

    In 2017, a donation that qualified for an Arizona Tax Credit was 100% refundable on your Arizona Tax Return and qualified as a Federal Tax Deduction on Schedule A of your Federal 1040. Unfortunately, only tax donations made before August 27, 2018 will qualify as both a Federal Deduction and Arizona Tax Credit. After August 27, 2018 you have the choice of one or the other.

    CLICK HERE TO READ THE FULL ARTICLE »


  • Season’s Greetings from H & S Accounting

    Author: H & S Accounting | Dec 11, 2018 | Categories: Accounting , Financial Statements , Payroll Processing Services , Tax Credits , Tax Planning , Tax Return , Tax Saving Ideas

    Season’s-Greetings-from-H-&-S-Accounting

    The H & S Accounting team wishes you and your family a wonderful Holiday Season, and a happy, healthy, and peaceful New Year 2019!

    CLICK HERE TO READ THE FULL ARTICLE »


  • What is the difference between an Estate Tax Return and a Trust Tax Return?

    Author: H & S Accounting | Dec 05, 2018 | Categories: Tax Credits , Tax Planning , Tax Return , Tax Saving Ideas

    That’s a good question. An Estate tax return is filed on Form 706 and used when a person dies and their estate is worth more than $5.43 million. The amount over $5.43 million is taxed on the Form 706. Since most people do not have an estate that large, they do not have to file the Form 706 because under that amount is not taxable.

    CLICK HERE TO READ THE FULL ARTICLE »


  • How to Hire Your Kids in Your Business

    Author: H & S Accounting | Feb 01, 2018 | Categories: Tax Planning , Tax Saving Ideas

    Hiring your kids in your business is one of the most underused tax planning strategies that result in substantial tax savings. You will receive a business deduction for their gross wages. Working with you in your business can also instill a great work ethic and skills in saving money in your children at an early age. So, the rewards are great, but you must be sure to follow all the correct procedures that the tax code has in store for you. So, let’s go through all of them.

    CLICK HERE TO READ THE FULL ARTICLE »


  • Season's Greetings from H & S Accounting

    Author: H & S Accounting | Dec 14, 2017 | Categories: Accounting , Financial Statements , Tax Planning , Tax Return , Tax Saving Ideas

    Season's Greetings from H & S Accounting

    The H & S Accounting team wishes you a blessed holiday season and a happy, healthy, peaceful New Year 2018!

    CLICK HERE TO READ THE FULL ARTICLE »


  • Your Teen Landed Their First Part-Time Job, Welcome Them to the World of Tax

    Author: H & S Accounting | Sep 19, 2017 | Categories: Accounting , Financial Statements , Payroll Processing Services , Tax Return , Tax Saving Ideas

    Once your teen has started their part time job, there are always questions such as

    • How much can they earn without having to file a tax return?
    • Can a parent still take their teen as an exemption on their own tax return?

    CLICK HERE TO READ THE FULL ARTICLE »


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Recent Posts

  • What to bring to your Accountant for your Income Tax Appointment?
  • Why my tax refund is too low this year
  • Can I still deduct a 2018 Arizona Tax Credit on my Federal Return?
  • Season’s Greetings from H & S Accounting
  • What is the difference between an Estate Tax Return and a Trust Tax Return?
  • How to Hire Your Kids in Your Business
  • Season's Greetings from H & S Accounting
  • Your Teen Landed Their First Part-Time Job, Welcome Them to the World of Tax
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