You have a killer idea, or you’re really good at something, and you want to start a business. Did you know that according to the Small Business Administration (SBA), approximately 543,000 businesses are started every month, and more businesses shut down each month...
Early in my tax preparation career I used to get very frustrated in my job. I would often be asked a question by a client which I did not know the answer to and I would walk down to the owner of the firm and would present him the question as it was posed to me. I...
To understand these concepts, I need to clarify a few important points. When I was a young boy, my mother taught me that “frustrations only come from unrealized expectations”. What took her only a few seconds to teach developed into a lifetime of study and...
Writing off medical expenses on your tax return is a real thing. There are 2 important questions to medical deductions. One of them is a fairly common and easily asked, “What can I write off?” or “Can I write [XYZ] off as a medical expense?” The second and actually...
Working for more than one employer, such as having a side job, can change your tax return more than you might expect. Filling out a W4 and determining your withholdings may not be as easy as you thought. ISSUE: When you work as an employee (vs. contract), your check...
