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/Gabrielle Luoma CPA

About Gabrielle Luoma CPA

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So far Gabrielle Luoma CPA has created 168 blog entries.
3 12, 2015

Marketplace Insurance Checkup

By | 2015-12-03T09:54:21+00:00 December 3rd, 2015|Accounting, Blog|Comments Off on Marketplace Insurance Checkup

If you are one of the many individuals or families who purchase their health insurance through the federal or a state government health insurance marketplace and are receiving an advance premium tax credit (subsidy of premium available to those with low to moderate income) to help you pay the cost of that insurance, you should [...]

19 11, 2015

Will Your Favorite Tax Benefit Expire?

By | 2015-11-19T15:10:09+00:00 November 19th, 2015|Accounting, Blog, Financial|Comments Off on Will Your Favorite Tax Benefit Expire?

  More than 50 tax provisions that Congress routinely extends on a yearly basis expired at the end of 2014. The big problem is, each year they are extending the provisions later and later in the year, creating uncertainty for taxpayers on whether they can depend on these tax incentives or not. This makes tax [...]

12 11, 2015

Show Me the Money: 6 Best Practices in Billings and Collections

By | 2015-11-12T15:38:11+00:00 November 12th, 2015|Accounting, Blog|Comments Off on Show Me the Money: 6 Best Practices in Billings and Collections

One area where most small business owners can improve their cash flow is in billings and collections. A thorough credit check before you offer payment terms is not enough. Here are the six best practices that can make a real difference in your cash balance at the end of every month.   1. Get it [...]

4 11, 2015

IRS Withholding Some or All of Your Refund?

By | 2015-11-04T20:24:39+00:00 November 4th, 2015|Accounting, Blog|Comments Off on IRS Withholding Some or All of Your Refund?

If the IRS kept all or a portion of the federal refund you were expecting, it may be because you owe money for certain delinquent debts. If that is true, the IRS or the Department of Treasury's Bureau of the Fiscal Service (BFS), which issues IRS tax refunds, can offset or reduce your federal tax [...]

24 10, 2015

Sole Proprietorship – Is The Risk Worth It?

By | 2015-10-24T18:46:46+00:00 October 24th, 2015|Blog, Business Advice|1 Comment

If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. A sole proprietorship is a one-person business that reports its income directly on the individual’s personal tax return (Form 1040) using a Schedule C.  There is no need to file a separate tax return as is [...]

13 10, 2015

Don’t underestimate your value!

By | 2015-10-13T21:46:29+00:00 October 13th, 2015|Blog, Business Advice, Our Services|Comments Off on Don’t underestimate your value!

Recently, I attended a conference! Yes, another one….. There are a lot of smart people to learn from…. This conference was all about building confidence in networking, changing your mindset and too many other subjects to list.   One of the breakout sessions I was able to be a part of was a master mind. [...]

1 10, 2015

Key Performance Indicators (KPIs) Are Valuable Tools for Small Business Owners

By | 2015-10-01T17:17:54+00:00 October 1st, 2015|Blog, Business Advice|Comments Off on Key Performance Indicators (KPIs) Are Valuable Tools for Small Business Owners

  If you’re a small business owner, then you know that gauging the performance of your business is one of the most difficult tasks you face. The indicators and measures that you work with on a day-to-day level are not necessarily reflected in the criteria and metrics that are provided on paper, and it’s hard [...]

9 09, 2015

Keep Track of Your Investment Basis

By | 2015-09-09T16:24:58+00:00 September 9th, 2015|Blog, Financial|Comments Off on Keep Track of Your Investment Basis

In taxes, there is a saying: “Those who keep records win.”  If you are an investor, you may have a variety of securities, including stocks, bonds, mutual funds, etc.  When you sell those securities, naturally you want to minimize your gains or maximize your losses for tax purposes.  Gain or loss is measured from your [...]