Heemer Klein & Company, CPAs - Ready for the 2014 Tax Season!

WARREN, Mich. - Feb. 26, 2014 - PRLog -- Tax Tips for Individuals:  Earlier is better when it comes to working on your taxes. The IRS encourages everyone to get a head start on tax preparation. Not only do you avoid the last-minute rush, early filers also get a faster refund!

There are five easy ways to get a good jump on your taxes long before the April 15 deadline rolls around:

Gather your records in advance. Make sure you have all the records you need, including W-2s and 1099s. Don't forget to save a copy for your files.
Get the right forms. They're available around the clock on IRS.gov in the Forms and Publications section.
Take your time. Don't forget to leave room for a coffee break when filling out your tax return. Rushing can mean making a mistake — and that can be expensive!
Double-check your math and Social Security number. These are among the most common errors on tax returns. Taking care on these reduces your chances of hearing from the IRS.
Get the fastest refund. When you file early, you get your refund faster. Using e-filing with direct deposit gets you a refund in half the time as paper filing.
To learn more about individual tax tips contact us at http://www.hkglcpa.com/IndividualTips.aspx

Business Eligibility for Schedule C-EZ:

Your business may be eligible to use the abbreviated Schedule C-EZ instead of the longer Schedule C when reporting business profit and loss on your federal income tax return, according to the IRS. That's because the deductible business expense threshold for filing Schedule C-EZ of the Form 1040 is $5,000. This change allows an additional 500,000 small businesses to file the C-EZ rather than Schedule C.

Schedule C-EZ, Net Profit from Business (Sole Proprietorship), is the simplified version of Schedule C, Profit or Loss from Business (Sole Proprietorship).

Schedule C-EZ consists of an instruction page and a one-page form with three short parts — General Information, Figure Your Net Profit, and Information on Your Vehicle. The instruction page includes a worksheet for figuring the amount of deductible expenses. If that amount does not exceed $5,000, you should be able to use the C-EZ instead of Schedule C.

Contact us to learn more at http://www.hkglcpa.com/BusinessTips.aspx

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About Our Firm:

Heemer Klein & Company, CPAs is a full-service accounting firm serving clients throughout the southeastern Michigan area. We are dedicated to providing our clients with professional services and personalized guidance in a wide range of financial and business needs. We offer two full-service business and personal tax accounting offices.

We have two locations:

Richmond, Michigan - General Contact Info:
Heemer Klein & Company
37278 - 31 Mile Road
Richmond, MI 48062
Telephone: (877) 735-3263
Fax: (586)727-5062
Email: mtaylor@hkglcpa.com

Warren, Michigan - General Contact Info:
Heemer Klein & Company
28007 Hoover Road
Warren, MI 48093
Telephone: (877) 746-5769
Fax: (586)751-1533
Email: mtaylor@hkglcpa.com

Find us on Facebook: https://www.facebook.com/HKCPA

To Request an Appointment: http://www.hkglcpa.com/Contact.aspx

or Call 877-746-5769