Taxable or Non-taxable Income 

  Are you looking for a hard and fast rule about what income is taxable and what income is not taxable? The fact is that all income is taxable unless the law specifically excludes it. Taxable income includes money you receive, such as wages and tips. It can also include noncash income from property or […]

What’s a fair price for a tax advisor? 

This questions, comes up a lot.  I think the advent of do it yourself tax software has created a mindset that tax preparation is a commodity.  The truth is a fair price totally depends on the complexity of the tax work and level of services that you need.  There are a number of very narrow […]

2013 Tax Organizers 

2013 Tax Organizers are now available Note for choosing a file format: Tax organizers in PDF format can be viewed and printed online or downloaded and edited with the full version of Adobe Acrobat. Word format can be downloaded and edited and  printed with most word processing software.   New Client Online Form New Client […]

Don’t get married 

In the spirit of unintended consequences, same sex couples may want to heed the warning “be careful what you wish for, you just might just get it”.   After parts of the Defense of Marriage Act were struck down, same sex couples who are legally married in a state that recognizes same sex marriage are […]

Yes there are expiring tax provisions in 2013 

In December of 2012 us tax professionals were sweating if Congress would ever pass a bill to extend the numerous tax provisions that were due to expire.  While the American Taxpayer Relief Act of 2012 did give us a last minute reprieve and extended a large number of expiring tax rules, we still have some […]

Be on guard for bogus charties 

The Internal Revenue Service today issued a consumer alert about possible scams taking place in the wake of Typhoon Haiyan. On Nov. 8, 2013, Typhoon Haiyan — known as Yolanda in the Philippines — made landfall in the central Philippines, bringing strong winds and heavy rains that have resulted in flooding, landslides, and widespread damage. […]

Double Irish Dutch Sandwich Tax Structure 

Legal Same-Sex Marriages Recognized for Federal Tax Purposes 

Note: On Sept. 23, 2013 IRS issued Notice 2013-61 providing guidance for employers and employees to claim refunds or adjust overpayments of FICA taxes and employment taxes with respect to certain benefits and remunerations provided to same-sex spouses. IR-2013-72, Aug. 29, 2013 WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled […]

Fourth Quarter 2013 Tax Planning 

Read the fourth quarter tax client newsletter and learn about: Year-End Tax Planning for Investors Year-End Tax Planning for Retirement Year-End Estate Tax Planning Year-End Tax Planning for Donations Year-End Tax Planning for Business Owners Find out more HERE

Independent Contractor vs Employee the Pros & Cons 

Ok, the title of this post was to get you to read it, so first off I will say that it is really a matter of pros and cons, because you are not free to choose how you want to pay workers. There are laws that you should follow when classifying workers as either employees […]