Welcome to Keller & Owens’ Blog. It brings you the latest tax and financial news that matter to your bottom line.

Are Itemized Deductions Worth the Effort?

Knowing the difference between the standard and itemized deduction might save you a lot of time and trouble, and some taxes to boot. Read more

Making an IRA Change Could Be Tax-Smart

Did you convert all or part of a retirement account to a Roth during 2014? And do you now wish you hadn’t? Here’s some good news: You have until October 15, 2015, to change your mind, even if you already filed your federal income tax return. Read more

Moving Expense Deduction

WASHINGTON – IRS Summertime Tax Tip 2015-20 –  If you move your home you may be able to deduct the cost of the move on your federal tax return next year. This may apply if you move to start a new job or to work at the same job in a new location. In order to deduct your moving expenses, your move must meet three requirements: Read more

Accurate Inventory Numbers are Crucial for your Business

For many companies, inventory is a significant dollar amount on the company’s financial statements. So it’s crucial that recorded inventory balances reflect actual values. Read more

Tax Tips for Students with Summer Jobs

WASHINGTON – IRS Special Edition Tax Tip 2015-13 – Students often get a job in the summer. If it’s your first job it gives you a chance to learn about work and paying tax. The tax you pay supports your home town, your state and our nation. Here are some tips students should know about summer jobs and taxes: Read more