We all love to gawk at celebrities in the news. The rest of the world may focus on sex tapes and wardrobe malfunctions, but here we like to discuss and cover the trials and tribulations of the rich and famous. Tax and finance information affecting celebrities and others from the entertainment world fascinate us, and result in some of the most interesting quirky behavior like musicians touring to pay off tax debts.

When people from the entertainment world get into financial trouble, it often makes the news, and seems incredulous from there higher income. However, because touring musicians and other celebrities who earn income in various states and countries have more complex filing requirements, it stands to reason that they need larger numbers of financial personnel in their orbit. The entertainment world often features colorful financial advisors, who create news and scandals of their own.

Willie Nelson’s story of the IRS seizing his assets made news in 1990, but other artists have found themselves in tax problems. Other entertainment figures that found themselves in IRS problems over the years include Wesley Snipes, Richard Hatch, O.J. Simpson, Sinbad, and Lauryn Hill. O.J. Simpson has had a series of legal problems, some criminal and some civil, which included his spending 9 years in person for robbery. Most entertainment scofflaws limit themselves to financial scandals.

See something money related in the news about someone famous? Saw something on Twitter or Instagram that you think that we should cover here? Tag us, DM us, forward the Post to Us, or mail us so we can cover it. Seriously, hit us up on social media and we’ll share it with everyone else.

New York is STILL Moving to Florida

By |2022-05-31T15:43:58-04:00May 31st, 2022|Categories: Quickies with Bette|Tags: , , , |

New Yorkers are still fleeing the state and moving to the sunshine state of Florida. Now, Floridians, for anyone who's been living here since I guess the pre-pandemic, we've seen this, we know. We know how little housing there is and how many drivers are on the road, but we have an official number now.

Veteran Tax Credits & Deductions

By |2021-11-11T11:02:19-05:00November 11th, 2021|Categories: Quickies with Bette|Tags: , , , , |

Veteran's day 2021 is approaching. The complicated life of military personnel and their families doesn't get any less complex during tax season, so I figured I would try to uncomplicate it for you by sharing some of the unique tax rules that apply to active and retired military. I will also briefly touch on the work opportunity tax credit (WOTC) available as an incentive for employers looking to hire a qualified veteran. Let's get started. 

Facebook Changes Name to Meta

By |2021-10-29T15:36:57-04:00October 29th, 2021|Categories: Other Perspectives|Tags: , , |

Facebook has officially changed its company's name to Meta, short for Metaverse. Now, don't worry, the app "Facebook" will still be called Facebook; along with Messenger, Instagram, and WhatsApp, the only change is the brand but is this signaling a more significant change for Meta? Let's find out with this week's social media round-up. 

Florida Moving on Twitter

By |2021-10-22T13:49:52-04:00October 22nd, 2021|Categories: Other Perspectives|Tags: , , , , |

Bette has been receiving numerous calls from business owners wanting to move their domiciles to Florida, so I figured I would do part two of my original "Why Are People Moving to Florida?" blog post. Let's take a look at the latest and greatest tweets under "moving to Florida" on this week's social media round-up.

Employees VS Contractors | Labor Day

By |2021-09-06T12:23:58-04:00September 6th, 2021|Categories: Quickies with Bette|Tags: , , , , , , , |

It’s #BusinessQuickie, and I want to come on here and tailor this go-live to our small business owners who want to know the difference between contractors (1099) and employees (W-2) so that you can find which employee fits best with your business. I figured this would be a great topic since labor day is coming up on Monday! Let’s get started.

Unpopular Opinion – Tax Refunds

By |2021-09-02T14:24:06-04:00September 2nd, 2021|Categories: Quickies with Bette|Tags: , , , , , |

Hi, Bette Hochberger or CPA, CGMA. And on today's Business Quickie, I'm going to tell you about an unpopular opinion that I have. So I know a lot of people really love getting tax refunds. There are all kinds of ads that say, "how to spend your refund, refund, refund, refund." People can't wait to get that refund check, but here's the big butt, why do I not like it? It's your money. You're not getting free money from the government. You're getting your own money back to you. So my unpopular opinion is don't create these huge tax refunds and don't think your CPA is amazing just because they get you a big tax refund.

Miami Crypto : What You Need to Know

By |2021-11-16T15:22:56-05:00August 31st, 2021|Categories: Quickies with Bette|Tags: , , , , , |

Other Miami crypto news, which is super exciting, MiamiCoin is the first city coin to come to market. Woo hoo, it's fantastic. It's like a Bitcoin and is on the Blockchain protocol, so whenever that coin is mined, a percentage, actually 30% of what's mined, goes to the city of Miami.

#VenmoMe is Tax Deductible

By |2021-08-19T18:54:48-04:00August 19th, 2021|Categories: Other Perspectives|Tags: , , |

We have all seen giveaways from brands; you might wonder why brands do this or how they can afford it. The truth is brands can do this because it is tax-deductible, meaning they get their money back when tax season rolls around. Brands also do this because it is excellent advertising; I mean, who doesn't like free stuff? This brings us to our topic: #VenmoMe.

Bad Luck or Bad Financial Planning?

By |2021-08-12T16:58:10-04:00August 12th, 2021|Categories: Other Perspectives|Tags: , , , , , |

Tomorrow is Friday the 13th, and considering the holiday's superstitious history, I wanted to share some tips from Twitter about avoiding bad luck with finances and taxes. This article is a different kind of Social Media Round-up, but I decided that there is no better day than Friday the 13th to try something new because if it flops, I will blame it on bad luck. I find this mindset funny because I think much of "bad luck" is actually just bad planning, and I hope this Twitter commentary can help us all avoid the pitfalls of poor finances and poor tax planning. Let's get started. 

Rihanna Is a Billionaire

By |2021-08-06T17:15:42-04:00August 6th, 2021|Categories: Other Perspectives|Tags: , , , , , |

Entrepreneur and businesswoman aren't the first words I think of when I imagine the pop star, Rihanna, however all that is about to change because, according to Forbes, she is now a billionaire. You can find Rihanna trending on Twitter with the hashtag #SelfMadeWomen along with many opinions about her new status. This trending hashtag is what I want to share with you on this week's social media round-up.

The Olympics Are Taxing

By |2021-08-02T18:03:22-04:00August 2nd, 2021|Categories: Quickies with Bette|Tags: , , |

Hi, I'm Bette Hochberger, CPA, CGMA. And today, we're going to talk about the Olympics because they're going on right now, and even though there's a bit of controversy around the games and some of the athletes, I like to bring it back to my favorite topic: taxes. Specifically, taxes that Olympians must pay on their winnings and complexities within that tax.

Is the Internet Broken?

By |2021-07-22T14:49:25-04:00July 22nd, 2021|Categories: Other Perspectives|Tags: , , , |

It's the end of the world as we know it, just kidding. A glitch in our internet infrastructure has caused many to panic, but I'm here to clear up any confusion about why this happened and discuss what Twitter is saying about it in this social media round-up.

Movie Revenue Post Pandemic

By |2021-07-12T17:49:28-04:00July 12th, 2021|Categories: Other Perspectives|Tags: , , , , |

Slowly movie theaters have been opening back up thanks to the Covid-19 vaccine. Furthermore, the pandemic has made it hard to gauge whether or not movies as we once knew them will return. So I decided to take a look at Twitter and assess the number of people going to the theaters versus the number of people using Primier Access to watch the new Marvel movie called Black Widow and make a prediction about the future of movie theaters and at-home streaming. 

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