As a caregiver, you dedicate your time and energy to take care of an elderly parent or relative. This impacts not only your time but often, your finances as well. If you are responsible for taking care of your elderly parents, this can impact your taxes. 1. You May Be Able to Claim Your Parents as Dependents You may be able to claim your parents or the individual who you are taking care of, as your dependent if a number of certain circumstances are met.
Have you ever wondered how companies fall into financial distress? Although corporate spending and employee wastefulness can contribute to the problem, the wrong accountant can cause a myriad of issues by filling out taxes or reports improperly. I learned this lesson the hard way a few years ago when I set up my first business. I picked a novice accounting team, and it was incredible how many mistakes they made, and how much money it cost me. To save you from dealing with the same problems, I have decided to educate the public on the importance of finding a good accountant.