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The Effects of Prison Reform on Taxes
How many times have you heard someone lament that their hard earned paycheck is going towards the welfare of criminals? As a supporter...


Why There Are No "Quick Question" in Tax Law
Recently I moved to southern California to attend law school and classes began this week. The first week of law school, there is a heavy...


The Benefits of Having an IP PIN
In an era where identity theft is becoming increasingly sophisticated, the IRS is assigning more Identity Protection PINs to at risk...


Avoiding the Debt Trap: Strategies for Business Money Management
In the world of business, debt can be a double-edged sword. On one hand, it provides the capital needed for growth and expansion. On the...


The Tax Effects of Summer Employment
Many people get part-time seasonal jobs during the summer months. Summer jobs are a great way for students and young adults to gain work...


What Happens if the TCJA Sunsets?
Enacted in December 2017, the TCJA brought significant changes to the U.S. tax code, impacting individuals, businesses, and the overall...


Reporting Foreign Income on Your Taxes
When I first started filing tax returns, I barely had to worry about foreign income reporting. The most common thing I would see was...


Why an LLC doesn’t actually save you tax dollars?
What?! You mean all those tax TikTok influencers are wrong? Everything you read on the internet isn’t actually true? Yes, that’s exactly...


Identifying eligible deductions for individuals
Obviously, I can’t identify EVERY deduction available in one blog post. What you are allowed to deduct on your tax return is dependent...


What is Form 1099-NEC?
My clients always wonder why I stress so much about getting the information I need to file their 1099s and it’s because the penalties for...


Does my child need to file a tax return?
For children who are claimed as dependents for child tax credit purposes, knowing whether or not they need to file a return if they have...


Do you REALLY need a CPA?
A lot of changes are happening in 2024 and, as a result, I’ve been cutting back some on the tax preparation side of the business. After...


Common-Law Worker Classification: Employee vs Independent Contractor
Probably one of the biggest issues I argue with clients about is whether or not they should pay their hired labor as an employee or an...


HB 5 Legislation and What It Means to Your Business
Earlier this year, the Kentucky legislature passed HB 5 allowing pass-through entities to file an election to pay state taxes at the...


What you need to know about charitable giving going into the giving season?
It’s no secret amongst non-profits that the holiday season is prime time for asking for donations. During the holidays, people feel a...


What is Tax Planning?
In October, I flew out to San Diego to attend an in person 3-day training to become a Certified Tax Coach. This is the first step to...


FinCEN: The Compliance Requirement Almost No One Has Heard About
What is FinCEN? In an effort to combat money laundering, financing of terrorism, and other illegal activities, on January 1, 2021,...


Mindfulness and Looking Forward
Recently, I have been working through a business coaching session and they asked the question: what are looking forward to the most? For...


Outsourcing for Success
This may come as a surprise to most people, but most accountants do not know how to promote their services. We don’t know the first thing...


How Retirement Accounts Can Be an Important Factor in Tax Planning
The first rule of retirement planning is: it’s never too early to plan for retirement. One crucial aspect of this planning is...
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