Now’s the time of year when kids across America start heading back to school. New kindergartners eagerly don their snazziest big-kid outfits to pose for smiles and pictures. (The tears come after they get dropped off. We’re talking the mom and dad, of course.) New high-schoolers hit the snooze button and look forward to sleeping through morning classes. (Why yank teens out of bed so early when their younger siblings are up before sunrise without alarms?) And new college students can’t wait for the independence of campus life, because beer. (Their empty-nester parents wonder if it’s finally time to treat themselves to that divorce they’ve always wanted, then look at the tuition bills and sigh in disappointment.)

You know who else is busy this time of year? That’s right, the tax man! Here are some random musings on some of the things that happen when back-to-school time meets tax time:

  • Many states offer sales tax holidays for back-to-school shopping. Ohio is typical: from Friday, August 5 through Sunday, August 7 (2016 only), there was no tax on clothing priced at $75 or less, school supplies priced at $20 or less, and school instructional materials priced at $20 or less. Of course, those back-to-school sales tax holidays are just like your old homework assignments — you can’t get credit if you miss the deadline!
  • Teachers are naturally on the front lines of shrinking school budgets, and they often chip in with their own money to fill the gaps. (Ironic, right, considering how generously they get paid!) The Educator Expense Deduction lets teachers who work full-time at any accredited school deduct up to $250 they pay for books, school supplies, computer equipment and software, and even athletic equipment they buy on behalf of their students. For years, this has been one of those deductions Congress scrambled to extend every December — last year, Congress finally gave our kids’ long-suffering teachers a break and made it permanent.
  • Student loan debt has topped a trillion dollars, and loan forgiveness programs have sprung up to help borrowers who go on to work for qualifying employers like governments and 501(c)(3) not-for-profits. But those service-minded borrowers may face an unexpected surprise: sometimes the amount forgiven is considered taxable income! Sure, eliminating, say, $40,000 would be welcome relief for a hardworking teacher or social worker. But what about the $10,000 tax bill that comes with it?
  • You probably wouldn’t think a college degree would be tax-deductible. And there’s no deduction for training that prepares you for a new job. But if your graduate program is intended to improve or enhance your skills for your current job — or if your employer requires you to get an advanced degree — you may be able to deduct your tuition and other expenses. Let’s say you’re a tax lawyer, and you want to brush up on your skills. That
    $40,000 you drop on a Master of Laws degree may get you a raise and a deduction. (Now you know why tax lawyers drive Jaguars!)

Here’s today’s lesson — pay attention, because there will be a quiz. When it comes to taxes, school is never out! The more you know and the more you plan, the less you’ll waste on taxes you don’t have to pay. So call us before exams and let us help with the tutoring you need!

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Ed Lloyd CPA, PFS, CTC – Certified Tax Coach is an ensured open bookkeeper (CPA) from the North Carolina State Board of Examiners. Other than that, he is additionally an individual money related pro (PFS) and a confirmed assessment mentor (CTC). He did his level of B.S. in bookkeeping and in 1994 set up his own firm. He serves as the overseeing executive of his firm, yet at the same time watches out for the records of each customer. Every one of the experts at this firm are decent at what they do. Get more information about Ed Lloyd CPA on Vimeo.

It is difficult to see how the economy functions. The vast majority don’t have the foggiest idea about the guidelines of tax assessment and how cash can be spared. That is the motivation behind why individuals have hard time dealing with their accounts even subsequent to winning an OK measure of cash. The issue can be unraveled by procuring a money related guide. With the assistance of such a specialist, you will have the capacity to decrease your expense, keep a record of the records, and settle on the right speculation choices and significantly more. Be that as it may, you can do this just on the off chance that you locate the right master, which is not simple. Everyone has the impact and potential to win a huge amount of money and everyone is going to procure an impressive measure of money through the range of time yet it is not going to advantage. People should pro the specialty of saving and placing assets into solicitation to secure a prevalent life out of it.


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There are situations and circumstances that can be well out of your reach. Accidents and then death could leave one’s family in a pile of debt and stress unless one has a backup plan. Ed Lloyd & Associates PLLC – are you financially and legally updated about your children? Children, young or old, can be deeply affected by such events especially when they are not financially independent. For this reason it is important it is imperative to get insurance as it will be the backup plan that one was in search of. And a life insurance would be the most reasonable and economically viable plan to take up as one would have to pay the premium every month or every three months. This way defaulting on payments would be difficult.

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The need to slice expenses to a base is one of the difficulties all organizations must face. Yet, all the more so for the little or fledging venture. Numerous new businesses will see deals incomes stream in strictly when a couple of days, weeks or even months of operation. This is the reason numerous new companies open shop utilizing their own homes or carport as their office or generation plant to save money on restrictive rental expenses. They likewise multitask. The proprietor takes the part of general administrator, sales representative and accountant. In that way, he saves money on pay rates. Be that as it may, this is not such a smart thought. As a financial organization, we realize that accounting is a backend action and must not weigh down on little entrepreneurs. Trust the Professionals of Ed Lloyd CPA for Quality Financial Services.

In such manner, numerous proprietors of little organizations contract somebody to deal with their accounting, liberating them to concentrate on more front-end exercises. Yet, even that one stage of enlisting a man to handle the books is not as commonsense as it looks. Here at Profit Financial Services, we prompt little entrepreneurs to outsource their accounting needs, rather than employing a full-time staff part to record the books. This takes out the expense of having another full time, in house representative. All financial information is supplied by the customer and the accounting organization does its financial and bookkeeping work in the solace of its own office. You can hire Ed lloyd and Associates for better tax planning

A bookkeeping organization like Profit Financial Services is basically simply that: A gathering of bookkeepers and clerks who are centered on their control. Indeed, a bookkeeping firm will have colleagues who represent considerable authority in bookkeeping subspecialties, for example, tax collection, finance, expense bookkeeping, stock, and deterioration. Not just do these individuals have a four year college education and even an administration permit in bookkeeping they additionally go to courses to stay up with the latest on the most recent advancements in bookkeeping and new government regulations.


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Ed Lloyd CPA is an individual with a high understanding of accounting and tax planning principles and offers the most feasible solutions to his clients. He has dedicated years to practicing CPA and has achieved a great experience in the fields such as Strategic Tax Planning, accounting and auditing management. For someone operating a business, it is essential to pay consideration towards critical parts of your business instead of spending precious time in dealing with the reports and documents. Be that as it may, considering the vitality of correct demonstration of records in a sensible and correct way, it is highly vital to gain the services of a trustworthy accounting professional who can help you with all your needs.

Ed Lloyd CPA, Certifiedis fully eligible to work in the Charlotte region to offer services to business enterprises as well as individuals. He has paved his place strong in the market by offering truly customer-oriented services to his clients. He is known for his excellent knowledge of accounting, tax planning and latest audit techniques.

Ed Lloyd CPA owns a firm Ed Lloyd and Associates, PLLC – Charlotte, North Carolina. He has a gathering of some highly skilled, talented and knowledgeable professionals who are known to pass on meticulous services in the region. No matter whether you require someone who can manage your accounts on a daily basis or can prepare your daily taxes, the team at Ed Lloyd & Associates PLLC is there to assist your needs.


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Ed Lloyd & Associates PLLC is a trusted name with whom you can depend for all your accounting and tax planning needs in the United States. It is a Charlotte-based firm that has been delivering flawless services, meeting the highest principles of excellence. If you are not able to get an apparent picture of the company, then you must think of outsourcing your bookkeeping needs with Ed Lloyd & Associates. Bookkeeping and tax planning are two imperative aspects of any business. In order to get an idea about the correct monetary status of the company, it is essential for you to administer your accounts on a regular basis so that you are able to calculate profits and losses truthfully.

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The professionals of Ed Lloyd & Associates PLLC are highly talented, knowledgeable and skilled. After carefully assessing the business requirements of your company, they would suggest you great ideas and tips that can effectively reduce taxes and increase profits. With over years of experience in the field, they have turned out to be the leaders. There is a long list of happy customers that can speak over the professionalism and expertise of Ed Lloyd CPA.

Ed Lloyd & Associates is considered as one the leading provider of accounting and tax planning services in the United States. These services augment the financial stability of your business and give it a competitive edge. Contact the professionals of Ed Lloyd CPA now and take your business to the next level.


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If you recoil in fear after hearing the word ‘tax’, then there is a good news for you to be happy. Ed Lloyd Associates PLLC is a trusted source from where you can get expert tax planning and accounting services at highly competitive prices.  Preparing taxes on your own is quite a daunting task. It would not only drain you physically and mentally, but also consumes lots of time. To help you prepare taxes and file back taxes, there comes the need of professional tax  planners into play.

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Ed Lloyd & Associates, PLLC is a trusted name to reckon with if you are in search Tax planning with the best law firm.  Hiring a tax expert like Ed Lloyd and Associates can benefit you in every aspect to all types of taxpayers, be it an individual or a company. They create an optimal entity structure for you and your business so that the tax benefits can be maximized and you can avail the benefits of legal assets protection. They also develop strategies to meet the long term objectives and goals. Their main goal is to maximize your income and minimize the taxes.

When everything is as desired, you can focus on how to enhance the productivity and performance of your company.  Get a clear picture of the financial status of your company with Ed Lloyd and Associates. They offer much more than it could be elaborated in the words. Contact them now to know more about them.


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Tax ReturnThe success of any business largely depends on the accounting system and how you manage your financial records. You need to streamline financial records on a daily basis not just as required by CPA but also to keep a finger on the pulse of the financial status of your company. Ed Lloyd and Associates PLLC is a firm based in Charlotte, the United States that brings its years of expertise, knowledge, and skills to deliver exceptional accounting and tax planning services.

Ed Lloyd and Associates PLLC is a team of highly skilled, passionate and enthusiastic professionals who are resolved to pass on meticulous accounting and tax planning services. They make sure that all your financial documents and reports are kept in an updated manner so that you do not end up facing losses. Updated and accurate financial documents instill strength into your business. The professionals of Ed Lloyd CPA goes an extra mile and make sure you get the best quality services each and every time.

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As a business owner, you play multiple roles. You are the hiring manager, you ensure smooth functioning of the organization and you go an extra mile to maintain overall peace and harmony among the employees.  Like most of the business owners, if you are not fond of handling accounts, then Ed Lloyd and Associates PLLC are the right solutions for you.  It is a firm based in the United States that provides exceptional Accounting and Bookkeeping Services to the businesses and organizations.

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Accounting and bookkeeping form an integral part of any business.  No matter whether you are a small, a mid-sized or a large business owner, it is extremely crucial for you to keep a finger on the accounts of your business to stay updated with the current business position.  Ed Lloyd and Associates is a team of some highly qualified, skilled and knowledgeable professionals that can help you prepare official reports and maintain books in a timely manner so that profits and losses can be measured accurately.

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