by Karla Dennis | Jul 18, 2013 | Blog
Listen as Karla Dennis gives you insight on the secret to making cashflow.
by Karla Dennis | Jul 18, 2013 | Blog
10 Strategies To Increase Profitability In A Down Economy As business owners, we’re constantly planning and implementing systems and processes with a goal in mind of generating profit. However, with this economy we’re excited to even make it to break-even. This isn’t the American Dream! Karla Dennis of Cohesive Tax has strategies to increase profitability in a down economy. As the recipient of the AGENT Business of The Year Award, Ms. Dennis is sharing her tips with the City of Cypress business community. If you want your 2011 to be a record breaking year for profit, then you must attend this presentation. Thursday, August 11th, 2011 6:00p-7:30p Cypress Community Center 5700 Orange Avenue Cypress, CA 90630 read...
by Karla Dennis | Jul 18, 2013 | Blog
Thanks to the election, there might be some significant changes to the tax code and how taxes could affect you. The first tax effect that could come into play is the ending of the tax cuts established during the Bush administration. This end will come if Congress doesn’t act. Some other effects include a rollback of the income triggers for AMT (alternative minimum tax) to their 2000 levels. If that happens, around 30 to 31 million taxpayers would pay AMT. Furthermore, capital gains taxes would increase to 20% for 15%. There would also be cuts in federal spending to defense and social welfare programs. read...
by Karla Dennis | Jul 17, 2013 | Blog
In assessing the analysis of a tax extension and what it entails, we are providing some of the definitions of what are needed to proceed with a tax extension. First and foremost, you will need to understand that an extension is only an extension of your time to submit your tax return; it’s not an extension of your time to pay the tax due. Unfortunately, many taxpayers miss this component about it not being an extension of them paying their taxes due. There are two federal individual tax extensions that may be filed. The very first extension, which is “automatic,” is due through the April 15th tax deadline and is also a 4 month extension of your time to file. Therefore, should you file this first “automatic” extension; you will have till August 15th to file for your revenue taxes. Your better estimate of the tax that will be due with the actual return continues to be due by April 15th. read...
by Karla Dennis | Jul 17, 2013 | Blog
Taxpayers are offered several alternatives these days for filing taxes easily and affordably. Because of advancements in technology, software and online tax preparation services, it has now become more convenient and easier than in the past when it comes to preparing and filing income tax returns online. Whether you have a simple tax return or a complex one, you will be in a position to accomplish your task in the fastest and most accurate possible way. The best option to suit your needs is usually to complete your return on the web and submit an eFile that the IRS can quickly process. read...
