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Virtual Tax Preparation Service

Cell phone usage in your company

The IRS has technically defined de minimus as $100 or less. If you are a company who provides a company cell phone for your employees to use, you do not have to worry about adding that to their W-2. You…

Virtual Tax Preparation Service

Do something that terrifies you every day.

One of my absolutely favorite authors is Tim Ferriss and to quote, "A person's success in life can usually be measured by the number of uncomfortable conversations he or she is willing to have." I have always found that: If…

Virtual Tax Preparation Service

ACA repeal and 2013 filings

If you're getting refunds from 2013 filing and you wait until after April 15th of this year to file, you will not get those refunds back. The IRS offices here in Phoenix have shut down their walk-in options. A former…

Virtual Tax Preparation Service

How to write off your travel. WithoutBags style!

Do you have a business reason for your travel? If you’re traveling for a personal reason or for a vacation, you cannot deduct those expenses. If you have a business purpose for your travels, you can certainly write those expenses off.…

Virtual Tax Preparation Service

Reimbursement of health insurance premiums

The government now allows the reimbursement of health insurance premiums for small business owners (50 FTE or less), which was taken away about a year and a half ago. There are many questions people have: “What is Trump going to…

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