Monthly Archives: January 2018


5 QuickBooks Reports You Need to Run in January

Does your accounting to-do list look like a clean slate, or are critical 2017 tasks still nagging? Getting all of your accounting tasks done in December is always a challenge. Besides the vacation time you and your employees probably took for the holidays, there are those year-end, Let’s-wrap-it-up-by-December-31 projects. How did you do last month? [...]

By |2018-01-09T22:13:34+00:00January 29th, 2018|Categories: Uncategorized|0 Comments

Using Online Agents to Rent Your Home Short Term? You May Be Surprised at the Tax Ramifications

Article Highlights: Schedule C vs. Schedule E Rentals of Less Than15 Days Rentals of 7 Days or Less Rentals of 8 to 30 Days Exception to the 30-Day Rule If you are among the many taxpayers renting your first or second home using rental agents or online rental services that match property owners with prospective [...]

By |2018-01-09T22:16:27+00:00January 25th, 2018|Categories: Uncategorized|0 Comments

Sold Your Home Last Year? Thinking of Selling? Read This!

Article Highlights: Home Sale Exclusion 2 out of 5 Rule Business Use of the Home Gain or Loss from a Sale Previous Use as a Rental Records If you sold your home last year, or if you are thinking about selling it, you should be aware of the many tax-related issues that could apply to [...]

By |2018-01-09T22:06:26+00:00January 22nd, 2018|Categories: Uncategorized|0 Comments

How Small Businesses Write Off Equipment Purchases

Article Highlights: Depreciation Materials & Supplies De Minimis Safe Harbor Expensing Routine Maintenance Unlimited Expensing Bonus Depreciation Sec 179 Expensing Mixing Methods From time to time, an owner of a small business will purchase equipment, office furnishings, vehicles, computer systems and other items for use in the business.  How to deduct the cost for tax [...]

By |2018-01-09T22:19:41+00:00January 19th, 2018|Categories: Uncategorized|0 Comments

Driving For Uber Or Others? Your Tax Situation Is Unique

Article Highlights: 1099-K Schedule C Uber and Credit Card Fees Record Keeping Vehicle Expense Options Home Office Other Options With tax time approaching, if you drive for Uber, Lyft or a competitor, here is some tax information related to reporting your income. You are considered self-employed and will report your income and deductible expenses on [...]

By |2018-01-09T22:04:17+00:00January 15th, 2018|Categories: Uncategorized|0 Comments

1099 Filing Date Just Around the Corner

Article Highlights:   Independent Contractors 1099 Filing Requirement Due Dates Penalties Form W-9 and 1099 Worksheet If you operate a business and engage the services of an individual (independent contractor) other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, you are [...]

By |2018-01-11T20:26:20+00:00January 11th, 2018|Categories: Uncategorized|0 Comments

Tax Time Has Arrived! Are You Ready?

Article Highlights: It is time to gather your information for your tax appointment Choosing your alternatives Tips for pulling your information together If you're like most taxpayers, you find yourself with an ominous stack of "homework" around TAX TIME! Pulling together the records for your tax appointment is never easy, but the effort usually pays [...]

By |2018-01-09T22:21:55+00:00January 11th, 2018|Categories: Uncategorized|0 Comments

Divorced, Separated, Married or Widowed? Unpleasant Surprises May Await You at Tax Time

Article Highlights: Separated Taxpayers Divorced Taxpayers Recently Married Taxpayers Widowed Taxpayers Filing Status Joint and Several Liability Who Claims the Children Alimony Community Property States Affordable Care Act Taxpayers are frequently blindsided when their filing status changes because of a life event such as marriage, divorce, separation or the death of a spouse. These occasions [...]

By |2018-01-09T21:35:48+00:00January 9th, 2018|Categories: Uncategorized|0 Comments