Every year tax laws change and so do the situations you might find yourself or your business in. It is something we can’t stop from happening but we can prepare […]
Tax
Year End Task List Part 1
Well the end of the year is here. Over the next few weeks I am going to give you several tasks that must be done before the end of the […]
Why do I owe taxes? I didn’t make anything last year!
Unfortunately, taxes are not based on what is left in your checking account at the end of the year. Every year I have someone tell me they couldn’t possibly owe […]
Bonus And Gifts – Are They Taxable?
It is that time of year when most businesses give bonuses to their employees. So how do you account for them? Bonuses that are given in the form of money […]
Can a Medical Reimbursement Plan save you taxes?
Medical Reimbursement Plans are a great tax strategy for most businesses. Flexible Spending Accounts are a form of a Medical Reimbursement Plan. What a MERP does, is it allows a […]
Taxing the Middle class
Most Americans do not choose to not have health insurance. Those who are in the lower income brackets are usually eligible for Medicaid, and those who work for larger businesses […]
Jack of all trades
I find it interesting that Entrepenurers in general seem to have the idea they have to be an expert in every part of their business; from how to clean the […]
Do you really want a refund?
It seems like the one question I get asked the most when it comes to taxes is: “How much is my refund?” The real question should be: “Why am I […]
Tax changes you should be aware of for 2013
I have been getting lots of questions about the new tax implications of the last minute tax changes that were signed into law on January 2nd.The American Taxpayer Relief Act […]
Tax Armageddon, Fiscal Cliff – What does it mean for me
We have all been hearing about the Fiscal Cliff and Tax Armageddon but what does it really mean? Fiscal cliff usually refers to the no-return point when the country will […]