Unfortunately for many entrepreneurs we work so hard on the business and in it that we fail to remember ourselves! Without us, often the business would collapse (especially at the start-up stage) - then what would we do!? Here are…
Shauna Wekherlien, our owner, founder, and head Tax Goddess was given the honor of presenting to a room full of CPAs at this years' Arizona Society of CPAs annual meeting. This was the first event of it's kind across…
Shauna, our Tax Goddess, was invited by WeGrowOurs.com to chat on their amazing podcast (which you can find here). If you've never checked into their site, WeGrowOurs.com are a great resource for being self-sufficient and saving the planet one garden…
Hi Everyone, Can you believe that almost half of the year has almost gone by? Summer is here and a lot you may already be planning your vacation. For all of us at Tax Loopholes, we want to make sure…
Sometimes as business owners we forget how important it is to make sure that all aspects of our business are covered. We get very focused on what we're doing in the day-to-day activities and sometimes forget to look at the…
Don't worry! The IRS won't be knocking at your door. Hopefully you filed an extension (federal form 4868) but, if you didn't, don't fret! Here are the steps to take if you didn't file your extension by 4/15/14 @12 midnight:…
So, you and your spouse combined make over $250,000. Did you get a surprise when you went to file your taxes this year? Did all of a sudden you now owe a TON of extra $? You got hit by…
Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must…
Did you know that one of the most important features of QB 2012 or higher is that you can "data trim" your information? This is especially important if you ever find yourself in an audit situation. This way, using data…
Today we hosted an amazing webinar with Chris Brown and Mark Hunter from www.easyaca.com . They gave us some interesting news that even I didn't know! Did you know that it may be better to REMOVE your company health plan if…
I get asked this question a lot. Can I write off my gym membership? A lot of it depends on which gym you attend, why you attend it. If for example you go to more of a country club type…
We have a lot of clients that are sales professionals. Often their previous CPA has never told them all of the wondrous things that they can deduct in their position. Here are the top three. Number one: mileage driven on…
This is one of the hardest things for people to do. The IRS expects people to track mileage, where they went, they met with, why were they there, beginning and ending odometer readings, lots of other pertinent data in your…
As usual it was such a fabulous honor to be on channel 3 this morning here in Arizona. I got to talk about some tips for individual taxpayers this year. They're definitely some big changes coming in this year and…
Are you in credit card debt? You trying to get out of it, but just unsure how? One of the neatest techniques that I haven't heard of before, something new, not the normal snowball technique that you hear of, is…
