We at Individualized Systems believe that education, understanding and knowledge are the principal keys to success. Whether it be business success, personal success, or just happiness, the key is to get as much information as you can about whatever it is you need to meet your goals.

Unfortunately, the tax laws are confusing and many professionals spend little to no effort to explain to the average taxpayer what is really going on. When the taxpayers don’t understand, they don’t feel comfortable with any professional. The resulting lack of communication can be devastating to both the taxpayer’s financial health and the growth of professional’s practice.

Therefore, we offer these educational discussions solely for the purpose of improving the overall understanding by the public of what various professionals can do for them and to help the confused and harried taxpayer make a little more sense of some of the more common tax laws that impact them and their businesses on a daily basis.

All examples are based on tax laws as they exist at the time of writing. Since tax laws change daily, the exact dollar amounts may be altered, but the underlying principals are the same. If an example seems out-dated, feel free to call us for a more-current explanation.