In case you didn’t hear the news, Congress extended all of the tax breaks that ended in 2013… for just one more year. While this leaves the future hazy at least it gives us a little bit of time in 2014 to make some adjustments.
2014 is about to end and you might be thinking about how to lower your tax bill. Given the holiday season, you might also be thinking about how to do some good in the world. There’s still time to do both!
Thank you to the Sun Sentinel for highlighting the new board of advisors of the Fort Lauderdale Femfessionals.
Being a South Jersey native and growing up in Atlantic City, the Miss America Pageant was always an exciting thing. I even got to be in the Miss America Parade in high school with the marching band. But it wasn't until seeing this John Oliver piece that I really gave it much thought.
Many business owners might not be aware of this, but gifts that your business gives out to vendors, customers, or other business associates are only tax deductible up to $25 [...]
Hopefully, you have been doing the responsible thing and putting away a nice little nest egg in retirement plans such as pensions, profit-sharing plans, and individual retirement accounts (IRAs).
Usually, when you work with a payroll company, the last thing you expect is for them to not send your tax payments to the IRS. Unfortunately, in a recent court case, when a payroll company declared bankruptcy, that is exactly what happened.
It’s back to school time! As everyone is busy getting ready to head to class, I want to remind the teachers out there that they have a special educator expense deduction.
Bitcoin is a new, virtual currency created in 2009. Transactions are made without banks, without fees, and without giving your real name.
If you are looking at cloud-based accounting systems, which is what I recommend, there are a few options out there. Here are my top three.
When companies are hiring there is often a question of whether they are bringing on contractors or employees. Sometimes it is easy to figure out, like when you use an outsourcing company or a subcontractor. Other times it can be more difficult to determine, such as hiring a remote employee or a sales representative.
What's the difference between a hobby and a business? According to the IRS, it is whether or not you are trying to make a profit. If you are not trying to make a profit and just want to write off the cost of your hobby, then you are subject to the "hobby loss rules."
I regularly get questions about whether or not to file 1099s. They are often surprised that more vendors and contractors need 1099s than they think. The list goes well beyond a freelancer you hire or a subcontractor you use.
If you are divorced or separated your legal documents might have you either pay alimony to or receive alimony from your ex-spouse.
For a select few, I will work with you to see where you are so far this year, and help you create a budget road map to get you on track for where you want to be by December 31.
