Married Filing Separately

The “treat me like a child” clause in the Tax Code
While studying some tax law, I came across a curious provision about filing status options on individual tax returns.

One of the key provisions of an individual income tax return (AKA 1040) is what filing status a taxpayer chooses.  Providing for some exceptions for exceptional situations […]

By |September 25th, 2015|Tax advice|Comments Off on Married Filing Separately

Are You Prepared for the Latest Independent Contractor Crackdown?

The following is an interview from the website accounting.smartpros.com.  There has been a good deal of publicity lately about the changing attitudes of government interpretation of what the difference is between independent contractors and employees.

Our one sentence synopsis is: Be careful, the courts have started to re-characterize independent contractors as employees even though independent contractor […]

By |September 21st, 2015|Accounting|Comments Off on Are You Prepared for the Latest Independent Contractor Crackdown?

Obama care for Tax Year 2014

The coming affordable healthcare act penalty

Open Enrollment at the website www.healthcare.gov starts tomorrow. This year it will be open from November 15, 2014 Until February 15, 2015 for health care coverage in 2015. This is the second year that the so called “marketplace” is open to the public for purchasing health insurance. Regardless of which […]

By |November 14th, 2014|Accounting, Small Business Accounting, Tax advice, Uncategorized|Comments Off on Obama care for Tax Year 2014

How to use your kids to save on taxes

How to use your kids to save on taxes
Choosing between a Flexible Savings Account for dependent care and the Household and Dependent care Tax Credit

You might have seen this person before. A stressed out parent who seems to be juggling 20 things at once. For those of us with children who have to work outside […]

By |October 27th, 2014|Accounting, Cloud Accounting, Small Business Accounting, Tax advice|Comments Off on How to use your kids to save on taxes

Persistence and secrets to success

Persistence and secrets to success
We are all faced with challenges in our daily lives, and many of them seem insurmountable to us in the moment. However, there are many stories of individuals who have overcome their obstacles through dogged persistence. I wanted to share a few anecdotes of individuals who have gone to extraordinary lengths […]

By |July 17th, 2014|Accounting, Small Business Accounting|Comments Off on Persistence and secrets to success