If you have a small business, or are an accountant working for a small business, chances are you use a tax professional to prepare your tax returns. Now that we’re in the heart of “Busy Season”, I thought I’d take a moment to talk about the information you send to us and what you can […]
What tax pros want from their small business clients Read More »
The IRS has a program to help taxpayers prevent unauthorized use of their Social Security Number and the filing of fake tax returns. Once enrolled, the taxpayer uses this the Identity Protection PIN, frequently shortened to IP PIN, to make sure no one files a tax return with their information on it without their knowledge.
IRS Identity Protection PIN Read More »
I’ve mentioned before that I am not a big fan of New Year’s Resolutions but do think of it as a time to reflect on the past year and motivate myself for coming year. To be honest, at this time last year, I didn’t know what 2019 would hold in store. It held the same
What’s your one word for 2020? Read More »
When you accept a challenge with the intention of making positive change in yourself, sometimes you don’t know at the outset what that change will be. This was my case with the Video Per Day Experiment (#VPDExperiment). I knew it would be a change generator but I didn’t know what exactly that change would look
What I got out of the Video Per Day Experiment Read More »
Every once in a while you scroll through social media and see something that peaks your curiosity. In this case, I’m talking about seeing multiple posts about this thing called the Video Per Day Experiment (#VPDExperiment) and I immediately want to learn more. It sounded very interesting, challenging and worthwhile. I guess it would help
Why I did the Video Per Day Experiment Read More »
If you want to learn more about the #VPDExperiment and what’s involved, here it is. You can also contact @helm_twyla for more info.
Video Per Day Experiment Explained Read More »
Every year the IRS releases inflation adjustments to amounts used in tax policy. One of these adjustments is the amount that can be contributed to retirement savings accounts. Here is your comparison of contribution amounts to your retirement accounts for 2019 and 2020. For more details on these saving accounts and amounts, visit the IRS
IRS increases retirement savings contribution limits for 2020 Read More »
Wow, summer went by fast! Actually, it’s still “summer” and will be summer until Monday, September 23, 2019. And here in Texas, it’ll be summer well into October. But officially, summer break is ending for teachers and student. All the teachers I know start the new school year with excitement and engagement and then it
Back to School – Tax tips for teachers as the new school year starts. Read More »
I was surfing the web this hot Sunday afternoon because it’s just too hot to go outside and I found this gem of an update posted by KMPG in their TWIST podcast published on August 12, 2019. It’s a very short 1:54 podcast so I encourage you to go listen or read the transcript for yourself.
Is Texas planning to implement Wayfair Economic Nexus for the Texas Franchise Tax? Read More »
Not all software updates are the same. If you have an AMT credit carry-forward, check out this post.
CCH ProSystem fx Tax Users – Check your AMT credit carry-forward Read More »