Author Archives: MDA

What’s new in the IRS world… Bad news I am afraid. According to the Internal Revenue Service, refunds may be smaller than in previous years. Why is that? Here are a few of the major changes:

If you itemize your deductions, you have an opportunity to ferret out additional expenses that may be used to lower your taxes further.

One of the most asked questions of our firm, McGehee Davis & Associates, all year but specially during tax season is WHAT DO YOU NEED FROM ME TO DO MY TAXES? The answer to this question has two parts, Business & Personal.

Taxes can be a stressful time for both you as a taxpayer and those you hire to prepare them.  We would like to give you some tips to help make it as smooth as possible.

Four things that are simple but can really impact your financial growth this year:

Take notes in your financial meetings
Pay attention to where your files and copies of tax returns and important statements are saved
Focus more on growing revenues than cutting expenses
Keep a summary ledger of totals you make and spend every month