05/24/12 – For Small Business Week, IRS Spotlights Expanded Tax Credit for Hiring Veterans, Credit for Providing Health Care Coverage to Employees and Tax Relief The Internal Revenue Service is marking Small Business Week, May 20 to 26, by encouraging small business owners to check out two key tax credits and a special relief program …
Apr 17 2012
Happy Tax Day!
04/17/12 – Happy tax day to all of my clients and tax preparer colleagues–the big push is almost over. For those clients, or potential clients who haven’t filed or can’t pay all of the tax they owe, Here’s some information on the penalties from the IRS: Failure to File or Pay Penalties: Eight Facts The number …
Feb 27 2012
Who Says Accountants Don’t Have a Sense of Humor
02/27/12 – Well, it’s nearly halfway through another grueling tax season for most CPAs. We need a little break now and then, and one of my colleagues in LinkedIn’s The American Institute of CPAs group started some trouble. 🙂 Accountant Jokes. Here’s my favorite so far from Tony Spring CPA: The Pope, an IRS agent, and …
Feb 10 2012
New Tax Reporting for Stock Sales
02/10/12 – The Internal Revenue Service has changed the way they want your capital gains reported on your 2011 Income Tax Return. There are additional detail forms, and the old Schedule D becomes the summary. Here’s what they say: Eight Facts about New IRS Form 8949 and Schedule D The IRS has a new form …
Jan 10 2012
How to find a good tax preparer
07/30/15 – Many individuals and most businesses have their income tax returns prepared by a CPA or other paid preparer. Did you know that all paid preparers are now required to be registered with the IRS? Here are ten tips to help you choose a qualified preparer: 1. Check the preparer’s qualifications. New regulations require all paid …
Sep 29 2011
Worth a Repost: CFO on Call
GUEST POST – Can your new small business afford a CFO? 06/02/2011 This article was recently published in the Idaho Business Review. Author Scott Lockwood eloquently describes what I can do for your business: According to the U.S. Small Business Administration, small enterprises, employing fewer than 500 people, dominate the U.S. economy and account for …
Jun 23 2011
IRS revises Standard Mileage Rate
06/23/11 – The IRS today announced a revision to the deductible standard mileage rate allowed for business and medical or moving purposes, to take effect on July 1, 2011. The new rate for business is 55.5 cents per mile and for medical or moving is 23.5 cents per mile. The old rates were 51 cents and 19 cents respectively. There is …
Jun 03 2011
GUEST POST – Can your small new business afford a CFO
06/02/2011 This article was recently published in the Idaho Business Review. Author Scott Lockwood eloquently describes what I can do for your business: According to the U.S. Small Business Administration, small enterprises, employing fewer than 500 people, dominate the U.S. economy and account for 52 percent of all U.S. workers. Small businesses and their …
Jun 03 2011
Reminder: 2010 Tax Law Provisions extended
06/03/2011 Tax Planning Alert—The 2010 Tax Act The newly passed and signed 2010 Tax Act, formally named the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, includes several provisions that will affect taxpayers. Here is the information you need to know now about this legislation, formally named the Tax Relief, …
Jan 20 2011
Filing Season Delays Ending Soon
01/20/2011 – Happy New Year to my clients, colleagues, friends and family. My wish for you this year is that you continue to learn and grow. Remember I will be here to help you, with some new tools and techniques for you to try. Speaking of learning, I just learned when you can file your …