Flatiron District, New York
19 West 21 Street, Suite 705
New York, NY 10010
(212) 243-5757

Accounting Tips: File Your Taxes on Time, But Don’t Overlook These Deductions! March 25, 2014

Flatiron District, Manhattan
Accounting Tips: File Your Taxes on Time, But Don’t Overlook These Deductions!, Manhattan, New York

Filing your tax returns is hardly ever an enjoyable process, but it’s something that must be done. The earlier you file, the sooner you’ll receive your tax refund. However the process of filing your taxes can be tedious, especially if you need to file both your personal and business taxes. While this may seem like a daunting and stressful situation, enlisting the help of trusted accountants will help put your mind at ease. Mark’s Bookkeeping Services distributes professional bookkeepers to small and medium-sized businesses in order to record and maintain financial records, allowing you to focus solely on your business.

Tax season officially ends on April 15th, which leaves you with a few weeks to file your taxes. This rush to file often results in missing out on numerous deductions that are easily overlooked, including:

  • Accounting Services: If you’re using an online tax service or having an experienced professional help you in person, you can have the cost of your preparations deducted.
  • Children: If you have children under the age of 13 who have been sent to summer camp or enrolled in after-school programs, you may be eligible for a tax credit, provided both you and your spouse paid for childcare using income you’ve earned.
  • Secondary Home: If you have a second home, the mortgage interest deductions and real estate taxes associated with your primary home also apply to this secondary home.
  • Moving: If you relocated for a job, you may be eligible for certain deductions, such as the cost of moving.

It’s important to file your taxes before the deadline, but make sure you also take your time; otherwise you may miss chances at getting an even bigger refund. When you own a business, managing your finances can become quite a burden on top of all your other duties. With the help of a dedicated accounting firm, you’ll receive all eligible deductions while still having your taxes filed on time. Visit Mark’s Bookkeeping Services online for more information on tax filing assistance.

Other Announcements, Events and Deals from Mark's Bookkeeping
Track Your Business Growth With These Financial Tips From Mark’s Bookkeeping Services, Manhattan, New York
Mark’s Bookkeeping provides professional bookkeeping services to small and medium sized businesses, as well as non-profit organizations throughout New York. These experienced account...read more
Three Bookkeeping Tips For Startups & Small Businesses From Mark’s Bookkeeping Services, Manhattan, New York
The world of modern business is certainly changing, with an unprecedented number of start-up companies opening every year. With the failure rates of these businesses estimated betwee...read more
Mark’s Bookkeeping Service Provides Tips on Creating a Year-End Bookkeeping Checklist, Manhattan, New York
The end of the year isn't for a few more months, but it’s never a bad time to begin preparations to send your books to your accounting firm. Beginning in September, Mark’s Bookkeepin...read more
Avoid Identity Theft With Tips From NY's Largest Independent Bookkeeping Firm, Manhattan, New York
Although actress Melissa McCarthy was very amusing in the 2013 movie Identity Thief, anyone who has been hit by the harsh reality of identity theft knows that it is no laughing matte...read more
Control Your Finances With Training & Consulting Services From NYC’s Accounting Firm, Manhattan, New York
Whether you’re seeking financing for your existing business or starting a brand new venture, it’s important to have a reliable system in place for all of your bookkeeping and financi...read more