Should I be collecting and remitting sales tax? By Jason Rush, head of Payroll and Sales Tax @ Tax Goddess Business Services®, PC, Scottsdale CPA Sales tax (also known as transaction privilege tax) can often be a confusing, and let’s admit,…
I had a dream of writing this blog on December 31st. Below is how I was going to rant: It is sad news that today is December 31 and we still do not have a resolution to this fiscal cliff…
IRS Special Edition Tax Tip 2012-14 Employers planning to claim an expanded tax credit for hiring certain veterans should act soon, according to the IRS. Many businesses may qualify to receive thousands of dollars through the Work Opportunity Tax Credit,…
What's this? Tax season could be delayed? I found this article in the Accounting Today newsletter and thought it was quite informative. Here's my take on this issue as well: Without knowing what the laws are, the IRS cannot finish…
Washington, D.C. (December 13, 2012) By Daniel Hood The Internal Revenue Service has given businesses an extra year to make sure they are compliant with new rules on how to treat service charges. The rules were released in Revenue Ruling…
Seven End-of-Year Payroll Tips for Small Business Owners via Fox Business By Bonnie Lee, Fox Business The holiday season is upon us and now is the time for small business owners to finalize their year-end tax planning. There are ways…
I found this post by Michael Cohn on Accounting Today to be useful for various income situations I run across in our practice. Check out his detailed information on how folks in lower tax brackets can save for retirement. By…
Managing your Arizona properties from another state? What you need to know to avoid fines! Over the last two years we have seen a flood of investors that have re-entered the Phoenix metro market taking advantage of great homes at…
This information is directly from the latest IRS newsletter and we thought it would be beneficial to share! Hire those VETS! IRS Special Edition Tax Tip 2012-14 Employers planning to claim an expanded tax credit for hiring certain veterans should…
By Internal Revenue Service as posted in North Texas e- News Fall is the time of year that brings cooler weather and the chance to get outside, clean up the lawn or organize the garage or attic. The Internal Revenue…
Thanks again to Matt Wilson of Employee Financial Boot Camp for compiling and analyzing these IRS stats and helping us to demystify who really pays taxes in the USA! Every quarter, the Statistics of Income Division of the Internal Revenue…
Expanded relief is coming for those who are living abroad who owe less than $1500 in US taxes and have not filed their tax forms or their foreign account disclosure forms.
The IRS warns that next years refunds may be delayed due to the recent theft of many SSNs from various organizations in the US. Be aware that your refund may be delayed if one of these Tax Fraudsters files a…
Remember that you can only deduct expenses that were not eligible for reimbursement by your employer under this section of your return. If you didn't turn in your expense report on time, there is no deduction!
Medical AGI cap rate is going up to 10%; make sure you get your medical expenses deductible and in the 2012 tax year!
