Author Archives: William A Olson, CPA

Mid Year Tax Planning

Posted on August 26, 2016 by William A Olson, CPA

We are getting very close to the end of the third quarter in 2016 and if your tax bill for 2016 is likely to be much higher (or lower) than it was in 2015, now is the best time to … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Tax filing due dates | Comments Off on Mid Year Tax Planning

Trump v. Clinton – Tax Plans

Posted on August 12, 2016 by William A Olson, CPA

The 2016 election is in full swing… and one thing we all want to know is, how are the candidates proposing to change the tax rates? While Donald Trump proposes to collapse the tax brackets from 7 to 3, Hillary Clinton … Continue reading →

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More money saving tips

Posted on August 4, 2016 by William A Olson, CPA

In the never-ending quest to save more money, I have a few more ideas I would like to share… For small household repairs, use YouTube to teach yourself to do-it-yourself. Look for credit cards that offer cash-back rewards. Many cards … Continue reading →

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Simple ways to save money

Posted on July 22, 2016 by William A Olson, CPA

Most people spend a lot of time worrying about how much money that they make and less time worrying about how much money they spend… and a penny saved is not the same thing as a penny earned. Pennies earned … Continue reading →

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How to make a Personal Budget… and stick to it

Posted on June 30, 2016 by William A Olson, CPA

Why should you even bother to make a budget? “Budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important … Continue reading →

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Buying a house?

Posted on June 11, 2015 by William A Olson, CPA

Consulting a CPA beforehand can help you determine what you can afford. Because there are tax benefits to homeownership, you may be able to afford more than you think.  Contact me at 734-377-3641 if you have any questions. 

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Affordable Care Act (ACA)and the Supreme Court

Posted on June 11, 2015 by William A Olson, CPA

A decision by the Supreme Court is due by the end of this month (6/30/15) that could seriously impact several provisions of the ACA. See this article for more information.  If you have questions, call me at 734-377-3641 or email … Continue reading →

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Mid Year Tax Planning (re-post)

Posted on June 2, 2015 by William A Olson, CPA

There are always things you can be doing throughout the year to lower your tax bill at year end. We have almost reached the mid-year point in 2015 which is a perfect time to update your tax planning projection. Full … Continue reading →

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The Motley Fool: How the 2014 Tax Brackets Work — and How to Make Them Work for You

Posted on September 8, 2014 by William A Olson, CPA

Here’s a great article that will help you understand the tax brackets and your income tax rate. Many people get confused when I talk about marginal and average tax rates… this article will shed some light on the differences and … Continue reading →

Posted in 1040 Personal Income Taxes | Comments Off on The Motley Fool: How the 2014 Tax Brackets Work — and How to Make Them Work for You

Three Tax Tips

Posted on August 25, 2014 by William A Olson, CPA

Give yourself a raise. If you got a big tax refund this year, it meant that you’re having too much tax taken out of your paycheck every payday. Filing a new W-4 form with your employer (talk to your payroll office) … Continue reading →

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