Tax Planning

You had a great idea and now you’ve put it in motion as a business.  And while income recognition is easy to determine, qualified business deductions can be a bit harder.  So… what are the most common tax deductions for small businesses?

Be sure to review my recent "tax planning" blogs, and the two "2018 Tax" Guides provided. Also, please let me know if you have tax questions before 12-31-18. Have a great year-end & Holiday season! Garland

As the holidays near, more and more shoppers are turning to online methods of procuring that special gift.  And it makes complete sense.  The world of e-commerce opens the buyer up to products that may be unavailable in the local area, and it’s often cost-efficient.  With this massive turn in consumer spending, tax systems are struggling to keep

Small business ownership is a good way to take more control of your time and puts more money in your pocket.  But what is the true cost of small business ownership?  Surprisingly, many small business owners are faced with many challenges that may leave them with less time and less money than when they were earning a living working for someone el

Tax planning you may wish to do by 12-31-18

Most taxpayers file on a "cash basis" & any tax planning must be done prior to year-end, typically before December 31st. Making changes next January won't affect most 2018 tax issues.

When most people think of foreign accounts, they think of ex-pat living overseas and utilizing banks for the accumulation of their payments.  However, many taxpayers may also be subject to the federal Foreign Bank and Financial Accounts or FBAR reporting without realizing it.  The United States Treasury Department’s

it's October 1st & a great time to...

* review my 2018 tax blogs

* ask tax questions (now & before Dec31st)

* look at your 2018 Quickbooks accounting

* and maybe do a 2018 tax projection - to see what might happen this year!

When we are working, taxes are a part of daily life and influence the considerations that we take in our spending habits.  Once we start thinking about retiring, we often forget to add in taxes as a component to our thought process.  It is important to understand your tax situation in retirement prior to retiring so that you will be ready when t

Hi again!

It's September & if you haven't looked at prior blogs regarding the new 2018 Tax Law changes, be sure to do so. There are many changes.

Just go here, to review blogs...

The Tax Reform Act of 1986 first brought about the concept of taxation on the investment and unearned income for those individuals over thirteen and under seventeen years of age.  It is commonly known as the “Kiddie Tax.”  Originally the law only covered children over fourteen, a