A Deeper Look at Estimated Taxes
Occasionally, I write about tax topics for other business sites. Below is a preview of an article I wrote for Create Hype. Estimated taxes for the third quarter of 2012 (June 1 to August 31) are due on...
View ArticleWhen can you Deduct your Business Wardrobe?
Resources: IRS Publication 17: Your Federal Income Tax IRS Publication 535: Business Expenses Why YOU Should Care: If you are required to wear a uniform for work, you may be able to deduct the cost of...
View ArticleThe Basics: Medical Savings Accounts (MSAs)
Resources: IRS Publication 969: Health Savings Accounts and Other Tax-Favored Health Plans 2011 Form 8853: Archer MSAs and Long-Term Care Insurance Contracts 2011 Instructions for Form 8853 Why YOU...
View ArticleAsk an Accountant – Online Class via Alt Channel
Have a question for an accountant? (This accountant, specifically)? Sign up for the class I’m hosting via Alt Channel: Ask an Accountant. When: November 26, 2012; 2PM Eastern. Where: Online! All you...
View ArticleThe Basics of Estimated Taxes
Occasionally, I write about tax topics for other sites. Below is a preview of an article I wrote for Altitude Summit‘s blog. If you earn income from self-employment, you are required to pay estimated...
View ArticleYear-End Tax Planning: Charitable Donations
Resources: IRS Publication 526: Charitable Contributions Eight Tips for Deducting Charitable Donations Substantiating Charitable Deductions Exempt Organization Search Why YOU Should Care: Your...
View ArticleCollecting Sales Tax
Occasionally, I write about tax topics for other sites. Below is a preview of an article I wrote for Altitude Summit‘s blog. If you sell products, you are required to collect sales tax and remit them...
View ArticleUnderstanding the Form 1099-MISC
Resources: 2012 Form 1099-MISC (recipient instructions on page 5) 2012 Instructions to Form 1099-MISC (for those issuing Forms 1099) Why YOU Should Care: If you worked as an independent contractor or...
View ArticleAsk an Accountant – Just in Time for Tax Season!
Towards the end of January, you should start to receive your Forms 1099 and W-2 in the mail. Not sure what to do with them? Let me help! I’ll be teaching a class on Alt Summit‘s channel called “Ask an...
View ArticlePreparing for Tax Season: Tips for Bloggers and Small Business Owners
Occasionally, I write about tax topics for other sites. Below is a preview of an article I wrote for Just Love.ly’s blog. Tax time is coming! While that may strike fear into your heart, there’s no need...
View ArticlePreparing for April 15… 2014
Occasionally I write posts for other sites. Below is a preview of an article I wrote for Alt Summit‘s blog about preparing for the next tax year. What can you do after April 15, 2013, to make next tax...
View ArticleAsk an Accountant: Tax Time Edition!
Any last minute questions as April 15 creeps up? Sign up here to join me on April 11th on Alt Summit’s channel to discuss anything that’s on your mind as you wrap up your return!
View ArticleRetirement: The Traditional IRA
Resources: IRS Publication 590: Individual Retirement Arrangements (IRAs) Why YOU Should Care: You may be able to deduct some or all of your contributions to a Traditional IRA. The amounts contributed...
View ArticleTax Consequences of Moving
Resources: IRS Publication 521 2012 Form 3903 and Instructions IRS Tax Tip 2011-37: Moving Soon? Let the IRS Know! Why YOU Should Care: If you move homes for work, you may be able to deduct certain...
View ArticleResources: Ordering a Tax Return Transcript
Resources: Order a Transcript Online Form 4506, Request for Copy of Tax Return Form 4506-T, Request for Transcript of Tax Return Why YOU Should Care: If you misplace a tax return after filing, you can...
View ArticleSmall Business Taxes: Getting Started, Quarterly Estimates, and Forms 1099
Occasionally, I write tax-related articles for other sites. Below is a preview of an article I wrote for Big Cartel: Getting Started The fist thing a business needs is its own bank account. It’s also...
View ArticleLetters from the IRS or State Department of Revenue
Resources: Understanding your IRS Notice or Letter Taxpayer Advocate: Receiving an IRS Notice Your State’s Department of Revenue Website Why YOU Should Care: If you get a letter from the IRS or a...
View ArticleRetirement: The Roth IRA
Resources: IRS Publication 590: Individual Retirement Arrangements (IRAs) Roth IRAs Why YOU Should Care: A Roth IRA provides qualified individuals a way to save for retirement using after-tax income....
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My Declaration of Money
The thing that tends to cause the most stress and uncertainty in a new business is the money. Will there be enough? How will we track it? Are there tax consequences? I get it, believe me. But I also...
View ArticleGifts vs “Gift Bags”– The Tax Consequences of Swag
Resources: Gift Bag Questions and Answers Why YOU Should Care: If you receive gift bags (or “swag”) from business conferences, you should know they are considered income. What is a gift? Why is a gift...
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