Whew! We made it through another tax season, Profit Planners. Whether you had an assist or went the DIY route, we hope you spent the last week breathing deeply, letting the stress melt away, and enjoying the things in life that are free. (We hear these are the best things.) I have to say, the…
Extra, Extra! IRS Issues New Date for Filing W-2s
Put this on the list of the things you don’t want to remember the morning you wake up from New Year’s Eve. The IRS has changed the deadline for employers to file W-2 forms to the Social Security Administration. The deadline is now January 31. [Tweet “Mark your calendars: the new deadline for employers to file…
What to Do When the IRS Wants More Money From You
Our tax expert reveals the mysterious relationship between your money and the tax system …and what it means for you! Dear Marilyn, I do my own books every year and have never had a problem. (Actually, I usually get money back as earned income credit!) But this year I made a significantly better profit…which was…
The IRS Has Made a New Year’s Resolution
The IRS has made some important updates to US tax code for 2016. Have you ever thought about how a New Year’s resolution isn’t just for the person who makes it? Think about it. A change in one person’s life affects everyone close to them. If your spouse decides they want to go back to…
Buying a Boat (or Other Luxury Item) as a Business Asset
With the summer months upon us, you may be dreaming about a boat or a mountain condo. Your company has performed really well the past year, you are flush with cash assets, and ready to lay out some of those hard-earned profits on a vacation property, yacht, or private airplane. Would the new boat be…
‘Tis the Season: Understanding How Giving is Viewed by the IRS
Don’t let your holiday giving turn into a nightmare. We reveal what you can deduct, and how to avoid an age-old tax trap.