It's time to start to start thinking about the tax and accounting ramifications of digital, virtual currencies. By Hitendra Patil Pransform Inc. Bitcoin is virtual currency much in the news these days. It’s peer-to-peer so there’s no central bank or … Continued
IRS Taxpayer Advocate Questions Preparation of Tax Preparers
Three big issues: Code, cooperation, competence. By Rick Telberg CPA Trendlines National Taxpayer Advocate Nina Olson, who heads the Taxpayer Advocate Service, is citing three broad areas that Congress should deal with if it hopes to avoid revenue catastrophe … Continued
What's worse? A bad haircut or a bad tax return
Here's something to ponder: All 50 states regulate hair dressers, but only four — California, Oregon, Maryland and New York — regulate tax preparers.“The consequences of a bad tax return are much more serious than a bad haircut,” said Chi Chi Wu, staff attorney at the National Consumer Law Center (NCLC).Your tax return is probably the single most important financial document in your life.
Tax-Reduction Tips for Small Businesses
Small businesses face many challenges, especially in the early days, including developing a product or service, targeting it to the right market, hiring the right employees and keeping expenses under…
Tax Season Preparation 101
As I put my own tax documents into a folder marked “2012 tax documents,” I think about all my clients and their methods of preparing for tax season. It seems like this time of year, my friends lik…
How to Find a Tax Accountant
Many taxpayers can benefit from hiring a tax accountant, and a lot do. Follow these simple steps to find the right tax professional for your situation.
How to ask for a tax extension
Every citizen is eligible for an automatic extension on their taxes
6 tips for getting the biggest tax refund
Does your preparation for tax day start with a trip to the liquor store, or perhaps a one-way ticket to Costa Rica? Taxes are unpleasant, but drinking or fleeing the country is not the answer. Tackle your taxes head-on with solid preparation, and the experience may turn out to be more pleasant than you thought it would be. Here are a few tips to help you with your tax preparation and increase...
Reduce Your 2018 Taxes By Up To 50% Before Year End
On this call I discuss how to Reduce Your 2018 Taxes By Up To 50% Before Year End - Michael Uadiale, CPA, ACA, CGMA, PhD - Smeed CPA. To schedule an appointm...
What is the Difference Between a Dental CPA and a Standard Accountant?
What exactly does a "dental CPA" do that a traditional local accounting cannot? I'm not sure many of us can "do" anything differently. I...