Blog

New Tax Season, New Tax Scams

As long as humans still use money there will always be people trying to take it from others.  No, I’m not talking about taxes. Every year I hear about IRS scams.  For the past few years it’s been phone calls to people telling them they’re behind on their taxes and are about to be arrested.  They […]

“All they do is put my information into their software”

This is something I hear frequently. Usually it’s a comment on an internet discussion about using software or going into a tax office. To an extent, it’s true. When a client gives me their tax documents I’ll enter it into my tax software, but that’s where the similarities end. And it’s definitely not “all” I […]

“But I’m just an Independent Contractor”

It’s a phrase I hear several times a year once I mention Self Employment Tax.   Unfortunately there are only one of two categories that you can fall in to for earned income on your taxes.  Either you’re an employee or you are a business owner.  Though there are actually lots of people who get a […]

The 7 Month Disappearing Act

This time of year everyone is very aware of the impact that taxes have on their lives.  It’s hard to turn on a TV or radio or drive past a billboard without seeing an ad for a tax service.  Each year hundreds of thousands of seasonal tax preparers report to their office, many for their […]

IRS: Common Sense Need Not Apply

I had a woman in my office for a tax prep consultation a few weeks ago. She had a fairly interesting situation, well interesting if you’re an accountant anyway. I explained the situation to her and how it should be handled. She left and discussed things with a family member. He told her that I […]

Your time is valuable, but the IRS doesn’t care.

I’ve always said that if you want to really get to know someone, do their taxes. Most people don’t view it as that big of a deal, but others view it as a very personal experience. After I’ve worked with someone I know who they are, where they live, where they work. I’ll know if […]

CPA? I don’t think that means what you think it means.

The going assumption is that if you want to start a business or if you need help with accounting or taxes, then you need a CPA. While there are CPAs that do focus in these areas, the vast majority do not. That’s kind of like meeting a doctor and assuming he has a family practice […]

Tax Prep without leaving home

Snow has started coming down…again.  I don’t know about you, but if I didn’t have to be at the office, I wouldn’t want to leave my home.  So why should you?  Here’s one less reason to, instead of coming into the tax office, we can work remotely.  We work with clients from all over the […]

Is your donation actually deductible?

I met with someone in October. He had filed a 6 month extension for his taxes in April and now in mid October the deadline was again looming and it was time to finally get his taxes in order. There was a long list of things that were discussed. One thing we talked about was […]

Tax Advice from Uncle Bob

When my girlfriend (now wife) graduated from college she had a BFA in photography. The decision was made that she was going to use that and the experience she already had to set out on her own and try to build a business that could eventually support her full time. So this meant art fairs, […]