Spring Means Tax Time
All this up and down weather probably has you itching for spring to be sprung and dreaming about the not-so-distant future when you can put away the sweaters and coats for another year. While you can probably all but smell the grill heating up as you visualize your first spring cookout, it would also be […]
It’s Not Too Early to Start Thinking About April
It’s hard to believe that it’s already February and 2014 is in full swing. Hopefully 2013 was a happy and prosperous year for you and 2014 will be even better. While it’s tempting to file away last year completely and start fresh, there are still a few things left to do before you can completely […]
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? Do you have any tax saving tips for the end of the year?” Probably the most common answer is “It depends.” There isn’t a strategy or method that works for every taxpayer in every situation. […]
I Don’t Blame Romney
A great debate drages during this election cycle about income taxes. Tax laws are scheduled to change at the end of the year. As a country we’re in debt up to our nose. Our economy isn’t running like the juggernaut it used to be. And Mitt Romney is running for President. As many of you […]
New IRS Audit Report for S-Corps
The IRS recently issued a report about its audits of S-corporations. The report found that 62% of the time, the audit resulted in no changes for the taxpayer. However, when audit adjustments were made, the service recommended changes amounting to an additional $5.7 billion in taxes from 2007 to 2011 or approximately $105,534 per audit. […]
Congratulations on your Screaming Bundle of Tax Savings!
I have had many friends become parents in the past year. I guess it’s that phase of life for my generation. While we don’t have any children yet, I would think that parenting would be one of the most challenging and rewarding things in life. I know that children certainly present their share of financial […]
