We all have those times we wish we could win the lottery or inherit a ton of money from a rich, long lost relative we didn’t even know we had. […]
tax
2013 end of year preparations to save money on your taxes
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 […]
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 […]
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 […]
The Good, the Bad and the Ugly of dealing with the IRS
Everyone panics when they get any correspondence from the IRS, even if it’s a good notice (yes, they do have those). The first step: Don’t Panic. The second step, don’t […]
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 […]
1099’s: why, when and how many
Each year I get the question why should I file 1099’s? The fact is they are required by law. This form is often associated with independent contractors however it could […]
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 […]