In my last blog post I confronted the fear of taxes and the many questions that people usually have for me as they are learning the how-to’s of having a tax preparer or CPA help them through the process. As I finished up writing that blog I realized that there are several other fears that [...]
This subject is a tough one so I am going to confront it… It’s the Fear Factor of Taxes. Most fears that we experience as human beings tend to be irrational by nature. As a child I had a deeply imaginative brain and I would actually be very scared at night, thinking about all the [...]
I say this every year and I hope that every year it will be better understood that we (this firm) are more than tax preparers. Tax preparation is just a small part of what we actually do and as a CPA firm the expectation is that we plan and provide advice. We help customers through [...]
If you got married during 2012, chances are you've been planning your future and settling down in your new environment. Therefore, most of you are probably not worrying about planning for your tax liability. In order to help you avoid as much stress as possible during this tax season, here are some tips from our March newsletter [...]
As of February 3rd the IRS has only issued 4.3 billion in refunds compared to the 26.9 billion issued at the same point in 2012. The fiscal cliff can be to blame for the delayed and slow beginning of tax season, but the IRS now seems to be back in gear. According to the IRS, [...]
The other day you were updated on some deductible expenses about which you may be forgetting to tell us. Although it is impossible to cover ALL of them, there are a few more deductions you should know about. They are the special credits for the Arizona tax return. Not only are they deductible as charitable [...]
Every taxpayer aims to minimize tax liability and keep as many of those hard-earned dollars as possible. As many of you know, one way to do that is to maximize tax deductions. Can I deduct anything else? Am I missing anything? These are some of the most commonly asked questions. We want to let you [...]
With tax season underway millions of Americans are preparing to file their returns and so are the identity thieves. In recent years, there has been an explosion of tax fraud in the United States with criminals filing false returns and stealing billion, yes billions, in false or misdirected tax refunds. Today, tax fraud is the [...]
There are times in my life when I want things to just be simpler. I have two daughters and a very busy work schedule and most of the time my family life and business life collide. All business owners have this happen. Growing a business is not easy, not simple and you rarely find balance [...]
The Internal Revenue Service has delayed the tax season for both individuals and businesses due to late passage of the fiscal cliff legislation, the American Taxpayer Relief Act. The IRS will begin processing the vast majority of the individual income tax returns on January 30, 2013. As of today, it is still undetermined when the [...]