Quick facts, tactics, and strategies to build your wealth, improve your income, cost your costs, or save on your taxes. The tax code has a myriad of little nuggets that can help you. We all are working on our businesses, and maybe we have a quick insight to share.
Send me your thoughts, ideas, and concepts for us to look at.
What better way is there to improve your health, wealth, and happiness than Quickies with Bette?
You need to keep tax records for several years, but paper copies are risky. Storms, floods, or simply moving can result in losing or misplacing these documents. Electronic records, kept online, can save you from disasters, while keeping your documents available. ld tax returns and related documents and insurance policies can be scanned and saved in the cloud to electronic storage such as Dropbox, Box, or Google Drive. Many modern CPA firms like mine are paperless- ask your CPA to send you PDF versions of prior year tax returns. PDFs can be password protected to help keep your information secure.
LLC stands for Limited Liability Corporation. Yup. I said that. To a new client. Luckily it was a friend who appreciated my sense of humor and wasn't offended. But this advice - not necessarily with the same delivery - is advice that I find myself giving out frequently. There are usually two reasons:
This exercise isn’t a tallying of your financial sins. It’s an objective look at your cash flow. As you look at this information, think about whether your spending is in line with the life or business you want. Then you’ll be ready for the next step.
The IRS has released the top 12 worst tax scams for 2015. It looks like crooks’ favorite way to deceive taxpayers is by calling them and pretending to be the IRS. This is followed by “phishing” emails.
The IRS determines your filing status based on what you are on December 31 of that tax year.
As of January 1, 2014, automatic tips for servers will need to be included in payroll.
Today I called the IRS regarding a client's amended tax return. The agent told me that due to backups caused by the government shutdown amended returns will take 12 to 16 weeks to process.
I find this shocking. If the government wants to know where to focus IRS audit efforts it should take a look at the earned income credit program. I'm sure there are plenty of needy people who benefit from the program, but the abuse is outrageous.
I got an email from my good friends (and clients!) at WriterCube about some great resources. If you have ever been thinking about writing you want to check out bookbaby.com.
Women's Success Summit in Miami!
Well if you filed your taxes and you feel like the tax bill you were handed was an unfair amount, you are not alone.
So if you ever wanted to get your kicks off some tax jokes, I present Mr. Greg Kyte, CPA.
The IRS just announced that the 2012 tax filings for individuals can be submitted beginning January 30, 2013.
If your budget doesn't have room for a full-time CFO you might consider bringing one in on a consulting or part-time basis. I've seen clients who make financial decisions that turn out bad because they did not have the information a CFO could provide.
CP2000 letters, IRS Audits, State Tax Audits, and a variety of scary mail you may get as a taxpayer as the tax collector tries to raise revenue.
