tax prep, ORT Consulting Group

ORT Consulting

One of the greatest challenges in life is to keep your financial house in order. It requires attention to detail and focus – both encumbering a large amount of time that you believe might be better spent making money, not ‘handling’ it. Unfortunately, this misconception keeps people working a lot longer and harder than they should. In this entry we will provide a list of

Taxes, Consulting, ORT Consulting Group

Self-Employment Taxes for First Quarter 2019

There are few things more rewarding and satisfying than being your own boss. As an entrepreneur you are able to shape your future in ways that are not possible while in the employment of others. However, there are milestones that must be adhered to. One of these is attending to the self-employment taxes for the first quarter of 2019. Here are some things to know

Get Your Finances In Order for 2019

The end of 2018 is just around the corner. You may not want to think about next year so soon, but getting your finances in order will start off your New Year right. Here are some simple steps you can take now that will save you a lot of time later. 1741

Tax Preparation Accounting Bookkeeping

Lower Your Taxes and Boost Your Investments

No one likes to pay high taxes and if you play your financial cards right, you can reduce what you owe each year. There are a few basic steps almost everyone can take to reduce their tax burden and start investing. Every dollar you contribute will lower your Adjusted Gross Income (AGI) and lower your tax bill.  1733

Tax Accounting, Tax Preparation

Give Yourself A Gift – Lower Your Tax Liability

The tax laws passed in 2017 could save you plenty of money if you know what to do now. There’s a way for everyone to save, so read on for some of the best ideas for lowering your 2018 tax bill.

Tax-deferred Savings

You can’t take it with you! Contribute the maximum to your 401k or retirement pension.

accounting, Bookkeeping,Chicago, IL

Budgeting for the Holidays

You’ve worked hard all year keeping your budget on track. Don’t derail it when the holidays roll around. Retailers make the most money of the year during the December holidays, but that doesn’t mean you have to overspend to help them out. Keep from busting your budget with these smart financial tips.

Determine Your Spending Limit

We don’t

Tax Preparation

Paying Taxes as a Freelancer

The number of businesses who hire freelancers is growing every year. Generally speaking, it’s a win-win for both parties. Employers reduce the cost of benefits, pay for services only when needed, and can select from a larger pool of workers. Freelancers have flexible work hours, can work from anywhere, and work at any hour. However, there are tax responsibilities that freelancers

accounting, year end, bookkeeping

What The Fiscal Year-end Means For Your Business

The fiscal year-end is the conclusion of a 12-month accounting cycle. A fiscal year can be the same as a calendar year, from January to December, or it can begin and end at any time, based on the company’s needs.

All public companies are required to publish financial statements at the end of their fiscal year that give investors an

Tax Accounting Tax Preparation, Chicago, IL

Surviving A Tax Audit

You’ve filed your income tax with the IRS and breathed a sigh of relief; then you’re notified that you’re being audited. If the IRS taps you for an audit, don’t panic. While you don’t have a choice about the audit, you can choose to make it as painless as possible if you remember a few helpful tips.

Be professional and

Bookkeeping ,Tax Accounting

Put Your Tax Refund To Work For You

As tax time rolls around, many people look forward to getting a tax refund. Their first thought is often, “how can we spend it?” This year consider saving your refund instead of spending it. Over 30 percent of Americans have no savings at all and another 30 percent have less than $1,000 in a savings account.  1643