Pull Yourself Out of the Work Zone and into Your CPA’s Office By Judy Heft

Pull Yourself Out of the Work Zone and into Your CPA’s Office

Despite the warm temperatures, if you look closely, you'll see that some of the leaves are beginning to change colors and some are even falling. Soon, the air will catch up and cool down. With Labor Day over and the school busses on the streets, I'm thinking about fall and… Continue Reading..
Separation of Business and Personal By Judy Heft

Separation of Business and Personal

A lot of new business owners commingle their personal finances with those of their businesses. That's okay...if you're a bookkeeper. If you’re not keeping categories and reconciling your bank accounts, it may prove difficult. A lot of stakeholders in businesses — both startups and companies that have been in business… Continue Reading..
Should I Buy or Should I Lease? By Judy Heft

Should I Buy or Should I Lease?

Of all the questions that baffle humanity, none is quite as mysterious and pressing as: Is it better to buy or lease a car? There are so many variables to consider, from your credit rating to where you live. Below I’ve listed some of them for you to consider. Leasing… Continue Reading..
Taxes: Are You Like This? By Judy Heft

Taxes: Are You Like This?

You’ve likely already signed, sealed, and delivered your tax returns to the post office — and if you haven’t, you’d better look at the calendar! Now is the time to start thinking about how to make next year’s tax season easier on you. For me, tax time always brings about… Continue Reading..
Tax Day is a Lie: Get Your Taxes in by the 15th By Judy Heft

Get Your Taxes in by the 15th

Tax day is Tuesday, April 17, 2018 — but get your taxes in by April 15!  I know some people have yet to crack open their books. I can hear them now: Oh , tax day isn’t until the 17th, that means I get 17 more days before I have… Continue Reading..
IRS Lays Down The Law With Its Dirty Dozen Tax Scams

IRS Lays Down The Law With Its Dirty Dozen Tax Scams

The following alert is republished from an IRS webpage that can be found here. Taxpayers need to watch out for identity theft especially around tax time. The IRS continues to aggressively pursue the criminals that file fraudulent returns using someone else’s Social Security number. Though the agency is making progress… Continue Reading..
Tax Time Checklist by Judith Heft

Tax Time Checklist

New Tax Alert: In an effort to combat the growing problem of tax fraud, the IRS has updated its rules for payroll tax filing. Instead of February 28,  W2s and 1099s needed to be filed by January 31, 2017. If you have not already done so, drop everything and see… Continue Reading..

The Large, Clearly Defined Line Between Employee and Contractor

A worker is considered a contractor only if they have their own business. An example of a subcontractor is when someone contracted by the business performs work for it. The Department of Labor and the IRS have begun a renewed effort to put an end to what they call decades of abuse… Continue Reading..

Tax Fraud, Identity Theft and the IRS

Tax Fraud Alert: Recently reports have begun to trickle in about taxpayers receiving IRS Letter 5071C. Letter 5071C is a standard letter issued by the IRS when it needs taxpayers to confirm personal information. If you receive Letter 5071C, there will be contact information for the agency’s new Identity Verification… Continue Reading..

How To Be Prepared For Your Tax Preparer

Soon you will have the information you need to file your taxes, it’s time to be proactive and get things done! Showing up at your accountant’s office on April 14th with a shoebox full of receipts is not going to do you any favors - in fact, it could cost you… Continue Reading..