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have an ACA compliant health insurance plan, you can actually choose an option to pay the penalty now, and if it gets repealed, you can ask for…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…
The federal government and the IRS are now working hand in hand. If you owe any taxes and have not set up a payment plan with the IRS to make sure that those taxes are going to get paid the…
What’s your favorite go to, live by saying? I like to keep a positive attitude so for me; I never lose. I only succeed or I learn. I learned this in Norway and it really stuck with me. https://www.youtube.com/watch?v=Meb7WX8YPj4&feature=youtu.be Hey,…
If you're a resident citizen of the US, you can give any other individual up to $14,000 per year. It is not a tax deduction to the person giving the money, but it is also not income to the person…
Cost segregation is when a group of engineers come into a building, commercial or residential, typically over $500,000 mark, and do an engineering study to pull apart the different pieces of the building to segregate the costs. When you are…
Make your top three list every night and tackle those tasks first thing the next morning before anything else gets done. If you get your big boulders done for the day, there's plenty of space left for all the little…
No matter what you do, whether it's knitting, playing tennis, traveling, playing with your kids, taking walks in the forest or desert, make sure that you book time for yourself. As entrepreneurs we can get really busy, and sometimes work…
Why do we ask a ton of questions? The reason why we do that is because we are trying to make sure to squeeze every little last dollar out of the government and keep it in your pocket. If you…
A tax preparer is one who takes your data, inputs it into a tax return, and spits out a number for you. A strategic tax coach or certified tax coach is a person who goes over your details, your life,…