Did you know that if you have a household employee (this is most commonly nannies or people that are employed inside your household doing household tasks on a permanent basis) that you really should be withholding and paying self-employment taxes…
If you pull money out before retirement age, there is a 10% potential. You may want to consider or at least look and see if there's options for taking a loan from your retirement account rather than pulling the money…
Today, I'm going to talk about a secret, so don't tell anyone, a secret tax ninja trick. It's called an IRA. There's self-directed IRAs, in which you can buy real estate inside your IRA, sell and gain on property and…
Today I want to introduce you guys to somebody really special. Are you ready? She is the newest addition to the Tax Goddess family. It is a German shepherd. She's a six month old little girl. As you can see,…
It's about paying yourself first! As business owners, we start a business, hire people, and get involved and these people become our family. We become involved and they become a part of making the success of the company. But when…
One of our clients ran into a case the other day where he had a roof leak and there was about $25,000 worth of damage. His insurance company would not provide him any reimbursement. The taxpayer did not know that…
Today at the IRS conference, I learned about how to protect yourself from audits or if you get into an audit— what would be the backup documentation that you're going to need. Bank statements and credit cards are not always…
What are the types of questions that you should be asking anyone, if you're interviewing them to be your tax preparer? One of the very first question, and the most important question, is what is your tax preparer's aggression level?…
We've had a lot of cases recently where clients are sending in IRS notices because payments that they've made, estimated payments, quarterly estimates, even prepayments or payments on tax plans are not being credited. When you've got a payment plan…
You're supposed to pay quarterly taxes every single quarter. Those quarterly dates are a little funny. The first one's due April 15th, then June 15th, then September 15th. If you underpay your estimated taxes, there could potentially be penalties and…
When you file your 2016 form 1040 tax return, if you do not have an ACA compliant health insurance plan, you can actually choose an option to pay the penalty now, and if it gets repealed, you can ask for…
I am talking about marketing because our Head of Marketing is in town this week and her specialty is building out a technical workflow of marketing and sales. She's taught me some really cool stuff and I thought I would…
Happy Treason Day and Happy Fourth of July! Today is the day when America gained independence from the Brits. It all started with the Tea Party. I would also like to share an exciting news with you all. We just…
Last Pass is probably my favorite bit of technology. I don't know how we ever survived without it beforehand. Last Pass is this awesome little plugin that you can add to your Internet browser. Specifically for business owners, my favorite…
In life we always have a project, a goal, or something that we're working towards that we really need to focus on. There are all sorts of rules but 80% means when you get something to 80% of good you…