Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Do You Have IRS Tax Problems?

Posted by Mark On January 24th

Do you have an outstanding income tax return with the IRS?

Do you owe money to the IRS that is past due?

Would you like to resolve the problem?

Tax Tips

IRS Tax Problems

Are your tax problems keeping your awake at night? When you fail to file your returns and to pay your taxes, you incur penalties.

IRS tax problems can multiply quickly when they are not resolved. Delinquent tax returns and outstanding tax balances are charged interest which is compounded daily.

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Is It Time to Hire a Certified Public Accountant?

Posted by Mark On October 27th

Are you considering a new business start-up? Makara & Associates, LLC

Is your business going through some difficult times financially?

Do you need guidance with your tax planning?

These are just a few of the reasons why people look to a CPA for direction with their businesses.

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Are you an Independent Contractor?

Do you receive a 1099 for income paid to you?

Have you prepared for your year-end taxes with a tax strategy?

Form 1099
The end of the year can be quite stressful as an independent contractor. If you haven’t planned for your year-end taxes, you may find out that you owe a substantial amount of money for taxes.

At Makara and Associates, we understand how this can happen. Our team will take the time to educate you on what your options are and work with you on developing a solid tax strategy, so you don’t find yourself in an unpleasant situation at the end of the year.

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Are you a business owner counting down the days to the tax deadline?

Are you looking for some business tax tips on deductions that you may have missed?

Tax Tips

Following up on business expenses that can generate a tax deduction can be time-consuming, especially if you are not familiar with them. Trying to figure out which ones you qualify for may be difficult.

Having a guideline to follow can help.
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Home office business deductions is another area that has changed recently. The Internal Revenue Service has provided a $5 per square foot (max $1,500) standard deduction for individuals that qualify.

Business Deductions

This is the fifth installment of
Independent Contractor Taxes…Know Your Options.
It can be downloaded from our eBook library.

The rules to qualify for a deduction have not changed and you should review your situation with a tax professional before taking any deduction as it relates to a home office.

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6 Tips to Reduce Your Personal Income Taxes

Posted by Mark On March 26th

When you are reviewing your personal income taxes, it’s important to know all the tax deductions you qualify for.

Personal Income Taxes

This is the second installment of 16 Year-End Tax Tips for 2013
which can also be downloaded from our eBook library.

Here are six tips to consider:

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16 Year-End Tax Tips That You Should Know

Posted by Mark On February 13th

It’s that time of the year again. Time to work on your taxes. Have you reviewed your tax deductions?

Tax Tips

Getting the correct paperwork together and knowing what expenses can generate a tax deduction can take time. Trying to figure out what deductions you qualify for can be stressful. However…

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Have you determined what tax planning opportunities are available for you to put in place? Are you familiar with the tax changes, Medicare Surtax, and Net Investment Income updates? If not, here’s your chance to review some of them.

Net Investment Income

This is the fourth installment of 2013 and Beyond Tax Planning
which can also be downloaded from our eBook library.

Provisions and Tax Changes that were set to expire on December 31, 2012

Changes that have been extended:

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Are you familiar with The American Taxpayer Relief Act of 2012 and the 10 common tax provisions effected by it?

The American Taxpayer Relief Act of 2012

This is the first installment of 2013 and Beyond Tax Planning
which can also be downloaded from our eBook library.

Do you know what’s going to expire?

Here’s a list of the most 10 of the most common tax provisions effected by The American Taxpayer Relief Act of 2012 with expiration information:

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“2013 and Beyond Tax Planning”

Posted by Mark On September 17th

Are your strategies for tax planning current? Have you factored in the changes with the passage of The American Taxpayer Relief Act of 2012 (ATRA) and the Health Care Law (Obama Care)?

013 & Beyond Tax Planning

It’s difficult to stay on top of all the changes that influence your tax planning strategies. Keeping on track, with all provisions that have expired or changed in 2012, is…

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