Small Business, Big Ideas

with Jean Willard

08/26/14

IRS helps cover the costs of looking after kiddos ... even in the summer

Most working parents are well aware that they get a tax break to help cover the costs of sending their children to day care during the school year. What they might not realize is that now with their children in alternative care for the summer, some of those tax advantages continue to be available.

Posted at 08:15 AM | Permalink | Comments: 1

06/30/14

New business repair regulations: When is a repair actually a repair?

Now that tax season is months behind us, it’s time to catch up with all the new topics that will affect us over the course of this year and beyond. One of the areas we need to put more emphasis on is whether money spent should be classified as a true repair or as a capitalized fixed asset.

Posted at 11:18 AM | Permalink | Comments

06/02/14

IRS offers a new direct-payment method

Do you owe the IRS for an item related to your individual 1040 return? Is the payment due within 30 days? If so, you may want to take advantage of a new IRS payment system that allows you to make tax payments directly from your checking or savings account.

Posted at 04:10 PM | Permalink | Comments

04/28/14

Two valuable pieces of wisdom I’ve gleaned from clients

As I reflect on another busy tax season, I’m recalling some of the stories my clients have told me. Each and every client brings a life story to the table, and I enjoy the tales. I enjoy hearing about their families, successes, and achievements for the year. I am sympathetic to their challenges, but I also learn from them.

Posted at 09:42 AM | Permalink | Comments: 1

04/07/14

Watch for tax-related phone fraud and email scams

The IRS will never call you to ask for your credit card number and never threaten to take your driver’s license, but nasty scam artists pretending to be from the IRS will — and are.

Posted at 11:25 AM | Permalink | Comments