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Author: Date: March 13, 2023 Comments: 0

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Archived

Author: Date: January 20, 2023 Comments: 0

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Author: Date: January 12, 2023 Comments: 0

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Cryptocurrencies and Tax Implications

Author: Date: April 30, 2018 Comments: 0

Guidelines on How the IRS is Dealing with Virtual Currencies As our world has become more and more “digital,” it was only a matter of time before cryptocurrencies were developed.  One of the first of these virtual currencies was Bitcoin, and the Bitcoin network...

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Hey Business Owners!–The Top 5 Forgotten Expenses

Author: Date: April 30, 2018 Comments: 0

So, I am constantly getting asked about what business owners can deduct. And, aside from the obvious, there are always expenses that folks forget. Here are my top 5: Mileage. to and from client locations, business meetings, networking events. These all add up. In...

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GET READY FOR THE NEW LEASE STANDARD

Author: Date: April 30, 2018 Comments: 0

A new accounting rule for reporting leases goes into effect in 2019 for public companies. Although private companies have been granted a one-year reprieve, no business should wait until the last minute to start the implementation process. Some recently revised guidance...

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Recent Funding Package Tax Provisions

Author: Date: April 30, 2018 Comments: 0

Recently Enacted Federal Government Funding Package Contains Several Tax Provisions On March 23, the President signed into law the Consolidated Appropriations Act, a $1.3 trillion spending act funding the federal government through September 30. The Act contains...

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How to Handle Back Taxes

Author: Date: April 30, 2018 Comments: 0

Let’s face it, no one really likes filing an annual tax return. You may have taken an extension to file your taxes later, but you still need to pay your taxes by the deadline or pay penalties and late fees. So, what happens if you don’t file a tax return? For...

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IRS Offers Business Interest Expense Limit Guidance

Author: Date: April 30, 2018 Comments: 0

In Notice 2018-28, issued earlier this week, the IRS offered guidance in computing business interest expense limits under the new tax law. Section 163(j) of the Internal Revenue Code, amended under the new law, limits deductions for business interest incurred by...

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What Does a Tax Pro Do When Scammers Call Us?

Author: Date: April 30, 2018 Comments: 0

There was a time when tax season scammers would just spam people with an IRS email, and to be honest I have been waiting for one of those scammers to call me. In case you had your head down during tax season, let me explain what I am talking about. This scam has its...

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