I am busy performing tax planning services this time of year for clients. This usually involves putting a projection together based on the client’s income and deductions for the past 10 or 11 months, plus an estimate of income for…
Unless you work at an accounting firm, you probably won’t meet a lot of people that are thrilled about accounting and taxes. After all, who could love making sense of the numbers day after day. Here are a few fun…
I’ve done a previous blog in a prior year on the IRS’s top list of scams. This time, I thought I would share a few fraud prevention tips I learned at a recent webinar on how to avoid becoming a…
With tax season fast approaching, I want to alert you to a revised form that we are asking all clients to complete for this upcoming tax season. This summer, the staff and I spent some time working on a new…
I recently attended a tax planning seminar, and they included an excellent summary write-up of the common tactics that taxpayers can use to reduce their taxable income and hence their federal tax obligation. The tips break down into three broad…
I try very hard to stay away from politics but with the election in two months I think it is important to take a look at the tax reform proposals that Joe Biden has issued since kicking off his presidential…
A 2015 survey from Citizens Bank found that 26% of small business owners use a checking account for both business and personal finances. Those sole proprietors, who file on Schedule C, mistakenly think that it is easier to use a…