Month: August 2013

Tax Break for the Cost of Higher Education

You have just written the check for college tuition and might be hoping there would be some tax relief to soften the blow.   Depending on your situation there are different credits or deductions that may help. American Opportunity Credit More…

Interest rates can affect your taxes

Do you keep up with fluctuations in interest rates? The IRS does too, and changes in those rates could affect your tax return. For instance, applicable federal rates, or AFRs, are published by the IRS to set a minimum interest…

How to reduce inventory risk in your business

Study the balance sheet of most retail or manufacturing businesses, and you’ll find inventory near the top of the asset list. Accountants define inventory as raw materials, supplies, work in progress, and finished goods. It’s the stuff sitting on shelves,…