This is your friendly reminder that the extended due date for most 2017 tax returns is coming up quickly. If you extended your 2017 Form 1120 Corporate Income Tax Return or your 2017 Form 1040 Individual Income Tax Return, the extended deadline is right around the corner. Both of these extended tax returns are due on Monday, […]
Extended Corporate & Individual Tax Returns Due October 15, 2018 Read More »
I love October. It’s the kick-off to the holiday season, there’s still enough time left in the year to make course corrections in my annual goals, and the world turns burnt orange. Business owners can use this time to evaluate where they are and what more they want to accomplish before the year is over.
The business owner’s October checklist Read More »
A lot of small businesses start out as hobbies. After time and growth, the entrepreneur slowly starts devoting more time to the endeavor and it gradually grows into a full fledged business. These are the success stories that motivate many people to strike out on their own.
Do you have a small business or a hobby? Read More »
The 3rd quarterly estimated tax payment is due on Monday, September 17, 2018.
Use this tax payment in conjunction with the #PaycheckCheckup to check your withholding.
Estimated Taxes and the Paycheck Checkup Read More »
Your personal expenses don’t become business expenses just because it’s paid for out of your business account. I know this seems obvious but I see it all the time so this is your friendly reminder about this subject. It’s currently only my mind this morning because I’m correcting a small partnership’s accounting to remove the owner’s personal expenses.Â
Small business owners & personal expenses Read More »
We finally made it through the long hot summer. For the first time in months there is no 100 degree day in our 10 day forecast. This means some big IRS deadlines are coming up, mostly for extended tax returns.
Major Fall 2018 US Income Tax Deadlines Read More »
One thing they don’t tell accounting students is that if you select the tax route, you’ll most likely never get to have Labor Day off. I don’t think this should be a deterrent but it should be part of an honest discussion since there’s so much this holiday signifies.
Labor Day and the Tax Accountant Read More »
The start of a new school year is always an optimistic time for me. I remember being excited about the new classes and overly motivated to organize and be prepared. That motivation usually lapsed by October, but you get the drift. Use this initial motivation to get financially organized before you get too busy.
3 Financial Tips & 1 Tax Tip for College Students Read More »
Schools are starting across the country and this weeks marks the start of the 2018 Fall semester at the University of Texas at Austin. If you’re a student going off to any school, you’ve hopefully secured your housing arrangements, registered for classes and purchased your books and supplies. One question you might be having is whether any of these expenses are deductible. Here’s the skinny on these expenses and how they affect yours (or your parents) taxes.
College is expensive but tax credits can help Read More »
The IRS issued proposed regulations on the tax treatment of charitable contributions made in exchange for state and local tax credits. In other words, this is when you make a charitable contribution and your state or local taxing authority gives you a credit against your taxes.