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Monday 9am - 5pm Tuesday 9am - 6pm Wednesday 9am - 6pm Thursday 9am - 5pm Friday 9am - 6pm Saturday 10am - 6pm

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Mela's Tax and Accounting

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Sharpsville, PA
Mela's Tax and Accounting

Mela's Tax and Accounting offers quality tax services and a variety of additional financial support

For over 35 years, Mela Garofalo provided tax, accounting, and financial services for a community she loved. While she passed in August 2016, two of her employees are continuing to provide her one-of-a-kind excellent tax and financial services. Catrice Atwell and Bess Gargano will be starting a new chapter of Mela’s Tax and Accounting at 2048 Buckeye Dr. Sharpsville, PA as of January 1, 2017. We look forward to serving you through a variety of tax preparation and financial services.

03/31/2017

According to a 2009 Gallup poll, on average, an American spends $73 on Friday night and $76 on Saturday night. This figure is nearly $20 more than the amount spent on Mondays and Tuesdays (respectively $56 & $55).
Just imagine what the costs would be today in 2017?!?!?

Just because it's the weekend and maybe even payday, doesn't mean it's time to live like Rockefeller.

Yes, you worked hard all week and were busy with kids; it's important to play a little, but can we suggest you find a frugal way to spend a Friday night that still gives you that feeling of "treating yourself"?

Here are a few things you can do this weekend to save some cash and still have the feeling of "living a little":
1. Enjoy happy hour instead of a full-priced dinner
2. Go to a matinee movie instead of a late night feature film
3. Make planning and preparing meals a family affair! Meal prep for the week ahead on Sundays and save money throughout the week on drive-thru and takeout.

What's your best way to save a few dollars here and there?
Share with us.
We'd love to hear your money saving tips!

03/28/2017

Tax Tip Tuesday: Tax Deductions and Credit

Did you serve jury duty in 2016?
Move to take your first job?
Pay out of pocket for your childcare?

If the answer to any of these is yes, be sure you are reporting these on your 2016 taxes.

Not sure how?
Don't take a gamble--taxes are no Monopoly game!
Contact us.
We can help.

And there are many more possible credits and deductions (yes, there is a difference.)

We will be sure you're getting all of the credits and deductions possible.

Mela's Tax and Accounting
724.962.4909

03/27/2017

Money Tip Monday: Tipping advice

Over the weekend, you likely enjoyed a few meals out. While technology has made it easy with tip calculator apps, there is an easy tipping trick that helps keep your math skills sharp, too.

Next time you’re out to eat and not sure how much to tip your waiter, try this: double the tax.

Depending on where you live, this number will be between 12 and 20% of your total bill. Depending upon the service, you can then adjust up as needed.

Do you have other areas you'd like money saving and/or tax advice? We are all ears--share with us so we can do the research and save you time (and money!), too!

03/24/2017

"Let's Face It"
Financial Fitness Friday

If you're wanting to save some cash, you have to have know where your cash flow is going in order to determine where you might be able to pinch some pennies.

So to get a baseline, we encourage you to a fitness challenge.

For the next 21 days instead of using credit or debit card for purchases (autopay/online bills or acceptable) use cash and track your spending for every penny.

At the end of the 3 weeks, calculate how much you spent and where the majority of your spending occurred.

Compare this to 3 weeks of last month's spending by checking your online statement.

With this newfound awareness, you will be able to determine where you can (and most likely should) cut some mindless spending and you will be on your way to creating a plan for your financial and savings goals.

03/21/2017

Tax Tip Tuesday:

Make your refund quick and easy by filing electronically and use direct deposit, too. If you owe money, use IRS direct pay from your checking/savings account.

Not sure how to do that?
Call us!
We are an IRS authorized E-File provider and would love to make filing your 2016 taxes simple.
724-962-4909

03/20/2017

It's finally here-happy first day of spring!

Most likely, spring cleaning will creep on to your to-do list for the next few weekends.

As you transition your closet, moving sweaters to the bottom, tank tops to the top, you might be dreaming of that summer vacation and wondering where you'll get the extra funds to pay for sand between your toes and a view of the ocean....

One saving tip that also tidies your closet is selling some of your high-end label and gently used clothing to consignment shops.

Even if you get less than 1/2 of what you initially paid, cleaning every family members closet can add up to the price of a day at Disney...

03/17/2017

How many times have you walked out of Wal-Mart wondering how you just blew $50?

Those bags of clearance Valentine's candy for the office or the latest "As Seen on TV!" item were impulse buys and now you are left with less cash to stash.

Here are a few pointers to avoid impulse buying and nonsense spending:

1. Have a list, not just in your mind, but in your hand. This keeps you focused and you are less likely to wonder through the aisles picking up random, unnecessary items.

2. Pay with cash. Research proves that consumers spend on average 35% more when paying with plastic. (Either credit or debit). Paying with plastic feels more like Monopoly money and you are more inclined to swipe away. Also, paying with cash gives you a fixed limit.

3. Shop solo. While having your BFF's opinion to tell you, "Those jeans look awesome! You HAVE to have them!", her opinions can add up to $$$ quickly and leave your wallet (or bank account) empty.

Have a tip to share? We're all ears.

Share your favorite money saving tip with us below.

03/14/2017

Tax Tip Tuesday

While it might not look much like spring cleaning here in western PA on this snowy Tuesday afternoon, one thing you might want to add to your to-do-list is to organize or revamp your filing system.

If you’ve never been one for keeping tabs on financial paperwork, spend some time getting organized, and establish a system that will work for you.

This is a helpful practice from a tax perspective, but it also allows you to declutter and organize your life--which often manifests into organization in other areas of your life, too.

Finally, it's especially important to keep receipts in case you are audited. The rule of thumb is to save your records, tax documents, and receipts for about seven years.

Need help sorting and itemizing these tricky receipts?
Contact us at 724-962-4909

We'd love to help you get organized and maximize more tax tips, too.

03/13/2017

March is national frozen foods month!
This is a great time to stock up on everything from frozen pizza, to veggies, to fish. (Hello, Lent!)

There are lots of good sales on frozen items and coupons, too, so double up on the deals and savings over the next few weeks.

03/10/2017

When Warren Buffet speaks, people listen.

This down-to-earth billionaire shares pearls of wisdom that anyone can learn from, no matter how many numbers are in your bank account or printed on your paycheck.

One piece of sound advice he offers is, “The best investment you can make is in your own abilities. Anything you can do to develop your own abilities or business is likely to be more productive.”

Investing in professional development or your business is a sure-fire way to make you more marketable and your business more profitable.

03/07/2017

Did you know that the IRS estimates we overpay our taxes by $945,000,000,000?

That's billions, friends!

Contact us so you don't overpay on your 2016 taxes.
724.962.4909

03/06/2017

Attention all Target shoppers!

If you are a regular Target shopper, here are few money saving tips to keep some extra cash in your wallet.

If the price ends in an 8, the product will be marked down again.
If it ends in a 4, it's the lowest price it will be.

On Mondays, Target stores mark down the following departments:
Kids' clothing, electronics and stationery (office supplies, gift wrap, etc...)

Check back every Monday for money saving tips...and of course, share this post to help others save a few extra $$$, too!

Address

2048 Buckeye Drive
Sharpsville, PA
16150

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 5pm
Friday	9am - 6pm
Saturday	10am - 6pm

Telephone

+17249624909

Website

facebook.com

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