A couple of weeks ago we provided a link to Dave Marshall's "Bean Counter" blog. "The Bean Counter" is a pretty good resource for teaching yourself bookkeeping methods. Hopefully, you gave it a look! In the meantime, we remembered something else you may find useful and we wanted to share it with you
Ways to get audited
For small and big business to individuals and couples, take a look at 14 ways to get audited by the IRS assembled over at kiplinger.com. It's a good list with a wide range of examples--some obvious, some not so obvious. In the end, it sort of re-affirms the general idea that the IRS is
New Jersey’s “jock tax”
As the Denver Broncos and Seattle Seahawks head to East Rutherford, N.J. to hear some pretty high-stakes tunes at the 2014 NFL Superbowl, tax season descends . . . and with it an informative article from the New York Times about "the jock tax." Since before the early '90's and the NBA reign of
Accounting Lessons: Where you can find them
Bookkeepers know a lot of stuff about taxes and money and ledgers, but the truth of the matter is its not rocket science. There's a lot of common sense at play, and many of the strategies and methods for doing bookkeeping work are easily learned and applied. For example, there's a great blog on how
How to cheat on your taxes . . . but not
Take a look at this fun and informative article from the New York Times on how to cheat on your taxes! Well, maybe that description is a bit misleading, but here's the thing--From a few short anecdotes by accountants on far-fetched ideas for deductions to a description of the government's dream
What small business can expect in 2014
A new year brings newer expectations and hopefully a brighter outlook on the future. We've compiled a list of changes and new expectations for small businesses in the upcoming year. Give the list a read. 1.) Better technology, anyone? You could summarize the uses of much of the technology
Tax Deductible Rental Property Expenses, Part 4: Landscaping, Hired Help, HOA Fees
In order for your rental property to be attractive to prospective renters, it should be found in good and presentable order. These expenses can be deducted against the income received from this property provided they meet the business use requirements. Let’s look at landscaping, hired help, and HOA
Tax Deductible Rental Loss
One thing we learned about investing in real estate over the last few years is that it can be quite volatile at times and requires sufficient capital and planning to be successful. Rental properties are traditionally long term investments and losses may occur during the holding period. Investors