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Mapping Your Future: The Cost of Higher Education

College is expensive. Most parents, when faced with that first year of college tuition payments cringe at the thought.  One significant way parents can ease those painful costs is with available tax credits. An education credit reduces the amount of tax owed on your tax return.  If the credit reduces your tax to less than

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Business Of the Month!

Jaffe Architectural Group is a leading edge specialist in custom residential architecture. The Chicago-based firm’s designs combine the clean, spare lines of Modernism with the grace, proportion and scale typically associated with classical architecture. The design philosophy of the firm is a reflection of its founder and owner, Lisa Jaffe, who draws upon her vast collective expertise

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5 things you can you do NOW so that dreaded April 15th deadline isn’t so dreaded

When it comes to filing taxes for your small business, all the forms, records, deductions, and legal jargon can be pretty overwhelming, especially on top of all your other responsibilities as a small business owner. How can you start to prepare now in order to make tax season less overwhelming? 1. Get Organized, now. Assign a

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Things to know for the Self-Employed – PART II

As we begin our departure out of tax season, I think it is important to wrap up any questions that one might have about being self-employed and tax preparation. Our last blog entry touched on the definition of being self employed, tax obligations and making quarterly payments. Part II will cover business structures, joint-ventures, choosing

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