Yearly Checkup and Resolution

SEVEN "TO DO" ITEMS THAT CANNOT BE PUT OFF!
**AN IMPORTANT NEW YEAR'S RESOLUTION**

Please do something about these if you have not already.

And NONE of them have to do with accounting or taxes, so I am not selling anything...except peace of mind!

Furthermore, each is one paragraph long, so it will ... Read More


2018 Tax Changes

Individual Tax Changes for 2018

Parts that may reduce taxes for Individuals:

-Tax brackets will be 10%, 12%, 22%, 24%, 32%, 35%, and 37%. What each bracket will be income-wise is still unclear.
-Almost doubles the Standard Deduction to $24,000 for Married Filing Jointly, $18,000 for Head of Household, ... Read More


FINAL YEAR END TAX TIPS

FINAL YEAR END TAX TIPS

If you wish to see if you are saving on 2017 taxes, then now is the time to be planning. If you wait until January 2018, it may be too late, so look now.

Here are a few examples of ways to reduce taxes....

Increase Itemized Deductions on Schedule A:

Prepay your Estimated ... Read More


CAPITAL GAIN/LOSS BASICS

CAPITAL GAIN/LOSS BASICS

You always hear about Capital Gain and taxes, but what is it actually, and what are the basics that are involved when you sell capital assets?

A "capital asset" is defined by Investopedia as "significant pieces of property such as homes, cars, investment properties, stocks, ... Read More


THE TAX vs. EARNINGS DICHOTOMY

Most everyone wants to pay the least amount of taxes potentially, but wants to make the most amount of money possible! That goes for you, your family & friends, Warren Buffet, and President Trump! But how do you do that?

One way is to earn less than $6300 if you are single, or $12,600 if married ... Read More


IRS GETS ADDITIONAL SUPPORT

IRS Hires Private Debt Collectors

Just when you thought the IRS had finally forgotten about your old tax debt because you had not heard from it in a while... Guess what? It did not forget! The IRS was just too busy! Now the bureaucratic behemoth has help to call, trace, and find where you moved so it ... Read More


Self Help for Your Business

IMPROVING YOUR COMPANY'S SUCCESS

Urban Meyer, Ohio State football coach, is fond of saying after a big win where the Buckeyes' seem to play almost flawless football that "There were a number of things we could have done better". That is no different in business. There are always places to improve, ... Read More


THE IRS IS SUING ME!!

Imagine my surprise with the phone call telling me that the IRS is suing me unless I pay past taxes immediately!! As a CPA, I could lose my license for such a violation! So what did I do instantly?

Laughed!!!

As I hope all of you know, there has been a rash of scam IRS callers all over the USA. They ... Read More


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