Category Archives: Individual Taxes

Business Meals with Tax Reform

In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act. This is very good news indeed. Under this new IRS guidance, you may deduct 50 percent of … Continue reading

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Mortgage Interest with Tax Reform

The recent tax reform contains big changes to how much you can deduct in mortgage interest for tax years 2018 through 2025. During this seven-year period, you may not deduct any interest on prior or current home equity debt, with … Continue reading

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Three Tips to Maximize Your Social Security

Social security is one of those topics that seems to be minimized by statements like, “You can’t count on it,” and “By the time you reach retirement age, it won’t matter.” Those statements are not only incorrect; they contribute toward … Continue reading

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Five Tips to Make Tax Time Painless

Tax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips on how we can make it just a bit less painful. Have patience. Practicing patience … Continue reading

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Tax Time, Ready or Not

It’s always a huge relief to many people who get their taxes done early. That gray cloud of stress that nags at you to get it over with can be gone in a matter of weeks instead of months.  April … Continue reading

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2016 Arizona Tax Credits

As the year-end approaches, are you looking to make a year-end donation to an Arizona charity that also qualifies as an Arizona Tax Credit? Here is a list of six of the credits available. Please note that these are Nonrefundable Individual … Continue reading

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What Is Real-Time Accounting (and Why Should You Care)?

What Is Real-Time Accounting (and Why Should You Care)? Real-time accounting is when your books are caught up to the present and you know exactly where you stand with your account balances, revenue, and profit.  It’s truly doing your accounting … Continue reading

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Will You Pay an Extra Tax for NO Health Insurance?

Will You Pay an Extra Tax This Year for Not Having Health Insurance? New for Tax Year 2014 is “The Individual Mandate” (aka Individual Shared Responsibility), which is part of the Affordable Care Act (aka Obamacare or Health Care Law). … Continue reading

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Navigating Nanny Taxes and Household Payroll Compliance

Navigating Nanny Taxes and Household Payroll Compliance Time is precious for most of us these days, and often, we need help at home so we can have more time to run our businesses or careers. That may mean hiring help … Continue reading

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The Fine Art of Prioritization

Running a business usually means putting in over 40 hours a week.  In fact, if you’re the typical entrepreneur, you have more ideas you want to implement than you have time for!  That’s when proactive, strategically executed prioritization can make … Continue reading

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