Tag Archives: accountant

I Want to do it Myself

Today TaxMama hears Lana in Illinois who says . “I started a new S corporation last year, but let the paperwork get behind. I read your book and I would like to take care of my taxes on my own to save money and not involve a pro. My earnings need to be limited because […]

QuickBooks 2008 – Update – additional Resources

NEWS FLASH! QuickBooks releases useful customization tips compiled from feedback Intuit’s received from experienced QuickBooks customers. Here are three customization videos on YouTube that you could use as well. Basic Customization Additional Customization I Additional Customization II ——-   Ah yes, just what the world needs – another edition of QuickBooks. Sigh. You know how […]

Deducting 2 Vehicles

Today TaxMama hears from Cindy in Kentucky who is skeptical: “I own my own business and travel a lot. I am deducting a truck that I own. With high gas rates can I deduct a car? My accountant has told me that I can only deduct a truck? Can you explain what my options are […]

Starting, Operating or Closing a Small Business

Tax Advice for Starting, Operating or Closing a Small Business Courtesy of the Internal Revenue Service To many citizens, running a successful business is part of the American dream. But while they may be experts in their chosen field, few small business owners are tax experts. From starting a new business to operating or even […]

EA Exam Review Courses and CPA Courses

Listed below are a few of the thousands of courses listed at our affiliate website, CPATrainingCenter.com. These courses change weekly, so please check back often. Auditing & Attestation Business Environment & Concepts Financial Accounting Regulation Licenses/Designations – Select State –AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDCDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingAlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest […]

Definitions

Divorce: Future tense of marriage. Compromise: The art of dividing a cake in such a way that everybody believes he got the biggest piece. Classic: Books which people praise but do not read. Smile: A curve that can set a lot of things straight. Office: A place where you can relax after your strenuous home […]

Business Standard Deduction

Today TaxMama hears from Marty in Wisconsin who is upset with her tax pro, “Is there a standard deduction of $,5000.00 for the first year that you open a small business? I was told there was and know someone who used it. My accountant will not redo my taxes or tell me if this deduction […]

Free Cars

Today TaxMama hears from Bob in North Carolina who is envious, “I have a couple of friends with company cars that they drive everywhere – on business trips or family trips – both. The company pays all the costs for the vehicle (including gas)! One friend pays only $100 per month for this pleasure. Since […]

1099? Who me?

Today TaxMama hears from Don from our TaxBootCamp blog, who is puzzled. “Recently I was asked by a client for my SSN so they could give me a 1099. I explained that I’m self employed and pay my own quarterly taxes, and since I just provide a service and am not employed by my client […]

Those Mysterious 1099s

Today TaxMama hears from Lisa in San Diego, CA who’s perplexed. “I work for a small financial service company as an accountant. Where can I get ‘easy to understand’ rules or criteria for which vendors I need to generate 1099 forms. Any help would be appreciated.”

Grandson Proof

Today TaxMama hears Rozey’s tale of woe, “In May of 2003, my married daughter with a 4 year old son left her husband and moved in with me. During the entire year and a half she lived here with her child, she was lucky if her husband sent a total of $200 for their support […]