Why Are Social Security Benefits Taxed?

Brendan Moore | December 3rd, 2018
Accountant, Accounting, Bookkeeping, Tax Work, IRS Help. Payroll Services, BUsiness COnsulting, Financial Statements, Corporate Audits

We get asked this question a lot: “Why are Social Security benefits taxed?” It’s perplexing to many people that the government would give them a benefit designed to help them financially, and then, tax that benefit, which is definitely not a help to them financially. It does seem counter-intuitive, doesn’t it? Well, it is a fairly recent development. Social Security… Read more »

Diwali!

Brendan Moore | November 7th, 2018

We have quite a few Indian employees at our Manassas office, and yesterday we celebrated Diwali with them. Lots of delicious food, lots of people eating too much (I raise my hand; I’m not ashamed), and just a wonderful break from work in the middle of the week. For those of you unfamiliar with Diwali, it is India’s biggest holiday,… Read more »

Divorce Might Cost You More Under The New Tax Laws

Brendan Moore | November 2nd, 2018
Bookkeeping, Tax work, Accounting, Audits, Payroll Services, Business Consulting, IRS help, Trust fund recovery, Innocent spouse, Liens, Levies, Installment agreement, Offer in compromise, tax resolution we reduce IRS and state tax issues

If you think you might be getting divorced in 2019, 2018 might be a better year to do it. Because, divorce might cost you more under the new tax laws. Not because the law demands that you give up deceased Aunt Dorothy’s jewelry collection to your soon-to-be ex, but because the tax deductions for alimony are going away. For people… Read more »

Money Earned And Taxes Paid

Brendan Moore | October 16th, 2018
Bookkeeping, Tax work, Accounting, Audits, Payroll Services, Business Consulting, IRS help, Trust fund recovery, Innocent spouse, Liens, Levies, Installment agreement, Offer in compromise, tax resolution we reduce IRS and state tax issues

Have you ever wondered just what the numbers are regarding the money earned and taxes paid in the U.S.? That is, what number of people earn the highest percentage of the total population’s earnings, now big a slice of the overall pie that is, and what percentage of overall taxes do they pay? Or conversely, how much in taxes get… Read more »

Howser and Associates Merges With Sareen and Associates

Brendan Moore | September 14th, 2018

Sareen and Associates of Manassas, is pleased to announce that Howser and Associates Ltd., a tax and accounting firm located in Springfield, VA has merged with the company. The merger is effective immediately. The combined firm will operate under the Sareen and Associates company name. It is the fourth merger announced by the firm in the past three months: Art… Read more »