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Adam’s Tax Accounting Service Blog

Note: Tax advice, articles, and content contained on this site are intended for informational and educational purposes only. They are not a substitute for professional advice. Tax matters are can be extremely complex and vary greatly for each individual or company. Please click here to read our complete disclosure and disclaimer for the information presented on this site.

How to Pay Your CPA Less

Posted by on Jan 16, 2012 in Accounting, Blog, Tax Tips | Comments Off on How to Pay Your CPA Less

Every year, from now until April 15th, there will be endless articles about how to get ready to visit your CPA. I even considered writing one, but after seeing how many were out there, I decided that something else would be more valuable to my readers, an article telling them how to pay their CPA less this year. I come from the school of thought that I want to pay and treat service providers well. From the waitress at my favorite lunch place to the guy that fixed my chimney, I believe that if I treat them well and I am willing to pay a fair...

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Merry Christmas

Posted by on Dec 20, 2011 in Blog, General | Comments Off on Merry Christmas

In those days a decree went out from Caesar Augustus that all the world should be registered. This was the first registration when Quirinius was governor of Syria. And all went to be registered, each to his own town. And Joseph also went up from Galilee, from the town of Nazareth, to Judea, to the city of David, which is called Bethlehem, because he was of the house and lineage of David, to be registered with Mary, his betrothed, who was with child. And while they were there, the time came for her to give birth. And she gave birth to her...

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Last Minute Tax Saving Tips

Posted by on Dec 17, 2011 in Blog, Tax Tips | Comments Off on Last Minute Tax Saving Tips

Every year around this time, I always have people frantically ask “What can I do to save on my taxes?” Probably the most common answer is “It depends.” There isn’t a strategy or method that works for every taxpayer in every situation. However, there are a few principles to follow and then some specific ideas each year that you might be able to use to your advantage. The Principles: 1. Pay the least amount of tax possible. This seems obvious, but it isn’t always as straightforward as it sounds. For example,...

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The Danger of Renting with Owner Finance: Possible Tax Consequences

Posted by on Dec 12, 2011 in Accounting, Blog, Tax Tips | Comments Off on The Danger of Renting with Owner Finance: Possible Tax Consequences

A few years ago, I had a client in my office and we were working on his tax return. Let’s pretend his name is Larry. He had a couple rental properties and as we were discussing one of them, he said something that didn’t sound quite right. So after talking for a few minutes, Larry told me that the property in question was being rented with owner finance. I have spent most of my career working with clients involved in real estate, so I’m sure many of them already see the irony of that statement. You see, renting with owner...

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Blogging 101

Posted by on Dec 3, 2011 in Blog, Marketing | Comments Off on Blogging 101

Since I’ve only been blogging for a couple weeks, I decided to set out on a quest to learn how to blog. Obviously, I couldn’t base much on personal experience, so I turned to a couple stalwarts of the blogging world to see what techniques and strategies they advocate and more importantly what they do on their own blogs. In particular, I looked to Tim Ferriss, Seth Godin, and Ramit Sethi, though probably Tim’s work more than the rest since I’m more familiar with his blog. If you want to see the raw examples, I suggest...

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What I Learned at Chick-fil-a

Posted by on Nov 19, 2011 in Blog, Management, Marketing | Comments Off on What I Learned at Chick-fil-a

We recently had a Chick-fil-a open just a couple minutes away from our house. I’ve been a huge fan of Chick-fil-a for many years, ever since trying it out and reading “Eat Mor Chikin, Insprire More People” by S. Truett Cathy, their founder, so I watched the new store being built with much anticipation. In the three days since they opened, I’ve eaten there twice. I wanted to share a couple lessons learned from watching the process. The brand. You can’t beat the brand name recognition and goodwill that is generated...

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How to get $10,000 tax free

Posted by on Oct 25, 2011 in Blog, Tax Tips | Comments Off on How to get $10,000 tax free

One of the tax saving strategies I’ve been implementing this year involves long term capital gains. Currently, as long as you are in the 15% tax bracket, all long term capital gains are tax free. Since the stock markets have been rather chaotic over the past months, I decided to go ahead and take some of the gains while they would be tax free. While the rates are currently the same for 2012, with an enormous federal deficit looming, budget cuts coming from the congressional subcommittee, and ongoing chatter about raising taxes, I didn’t want...

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One accounting number you MUST understand

Posted by on Oct 17, 2011 in Accounting, Blog, Management | Comments Off on One accounting number you MUST understand

As a CPA, several people have asked me, “What is the most important metric to tell how I’m doing in my business?” It’s actually a really important question. I’ve found that far too often, business owners don’t exactly know how their business is performing, or even how to figure it out. Sure, they usually have some idea, but far too often, it’s not more specific than “pretty good” or “not so bad.” You owe it to yourself to know where your business stands at all times. I do not...

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Welcome

Posted by on Oct 9, 2011 in Blog, General | Comments Off on Welcome

Hey guys. I realize it’s quite possible that no one will ever read this, but I’ve been wanting to give blogging a try for quite awhile now. While sometimes I might blog about a few things personal, I plan to mainly blog about small business. I am a CPA and have worked with many small businesses. I hope to address some of the issues and problems that are facing small businesses today and hopefully I will be able to provide some insight and a unique perspective as well as some practical ideas to help overcome these challenges....

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