Are you thinking of starting a new business? I have had several clients with new businesses this year, and thought I would share some advice on what to do when you are ready to take that step. My best piece of advice is to contact an accountant and an attorney, while I know many of us automatically think that is going to cost a lot of money, it can save you money in the long run. You should learn all of the facts about how a certain type of company can limit your liability and how much … [Read more...]
Suggestions for Selecting a Tax Return Preparer
This is the time that everybody is looking to get their returns filed, so I thought I would give you some suggestions for selecting a tax return preparer. Check the person's qualifications — First check to see that they have a Preparer Tax Identification Number (PTIN). This is a number the IRS has assigned to preparers who are register to file returns. Also check to see if the preparer has a license that requires continuing education such as a CPA, Registered Agent, or do they belong to … [Read more...]
Possible Taxable Events to Discuss with Your Accountant
Now that the major tax rush is over most individuals won't see or speak with their tax accountant until they are ready to prepare their 2015 tax return. However, there are some taxable events though that you should discuss with your tax accountant throughout the year. Some of those items include: 1. A change in your retirement planning 2. Selling investments such as stocks 3. Purchasing or Selling Real Property such as your home, rental property, farm land, or other investment … [Read more...]
