Umang Thakkar

Strategies to Reduce Your Taxes

Strategies to Reduce Your Taxes and Keep More of Your Savings

Strategies to Reduce Your Taxes and Keep More of Your Savings By Umang Thakkar & Payal Agarwal We are living in a reformed tax world now, since the passage of the Tax Cuts and Jobs Act (TCJA) in 2017. For most of us, the effects of this act will not be felt until we file our 2018 Tax Return, due …

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2016 Financial Year in Review

2017 is here, and many of us are in the midst of tax prep. Tax returns for 2016 are due on or before April 15, 2017 or October 15, 2017 (if timely extended). Here is your quick reference guide for the preparation of 2016 tax returns.  General Tax Updates   Tax Bracket Adjustment Adjusted for inflation, income tax bracket rose …

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Ask the Accountant

Author by Umang Thakkar What should I do now to make filing my taxes in April easier? Taxes for 2015 are due on or before April 18, 2016 (due to Emancipation day holiday in Washington D.C. being observed on April 15. While you have more than 60 days for tax filing due date, you should prepare yourself now. By being …

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2015 Year End Tax Updates and Tips

Author by Umang Thakkar   Tax time is here! What changed, and how will it impact your tax return? Don’t you feel Income Taxes are the hardest subject in the world to understand? That is exactly what Albert Einstein said way back when: “The hardest thing in the world to understand is income taxes.” Taxes have gotten more complicated since …

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