Tax, Savings

Cut Your Obamacare Cost

Cut Your Obamacare Cost

Thanks to Obamacare (the Affordable Health Care Act), it is now more important than ever that you cut your Adjusted Gross Income (AGI, 1040 page 1 total) on your tax return. You can substantially cut your Obamacare cost if you cut your AGI. That’s easy! I have been specializing in this for more than 30 […]

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Another way to look at it, Obamacare, IRS

Filed in Accounting, Business, Tax, Savings by on November 4, 2013
Another way to look at it, Obamacare, IRS

A growing consensus of IT experts, in and out of government, know why the Obamacare (Healthcare.gov) insurance exchange website is crashing. It makes you create an account and enter detailed personal data before you shop. This creates massive bottlenecks, to verify data and decide if you are eligible for subsidies. HHS knew this would make […]

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Stop losing receipts & deductions

Stop losing receipts & deductions

Drop receipts in prepaid envelopesĀ  Use a scanner or smartphone picture to send them faster They will quickly be online, where we both can always find them You will stop losing receeipts and deductions From only $10 a month Save on taxes (more time to get the lowest tax) Avoid errors No extensions, late returns, […]

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Historic first vote on the FairTax, Kill IRS

Filed in Tax, Savings by on October 6, 2013 0 Comments
Historic first vote on the FairTax, Kill IRS

The House Ways and Means Committee, which writes our tax laws, should have a historic first vote on the FairTax in about 60 days. The FairTax should soon let us kill the scandal ridden IRS. It replaces current income and payroll tax with a national sales tax. It produces the same revenue, but saves 50% […]

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TRAVEL FOR CHARITY WORK

Filed in Accounting, Business, Tax, Savings by on September 13, 2013 0 Comments
TRAVEL FOR CHARITY WORK

Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips you should know about travel while serving a charity. 1. You must volunteer to work for a qualified organization. Ask the charity […]

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JOB SEARCH EXPENSES LOWER TAXES

Filed in Tax, Savings by on September 12, 2013 0 Comments
JOB SEARCH EXPENSES LOWER TAXES

September is often a time of transition, when people decide to make major life decisions–such as changing jobs. If you’re looking for a new job, then you may be able to claim a tax deduction for some of your job hunting expenses–as long as it’s in your same line of work. Here are seven things […]

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RENTING A VACATION HOME

Filed in Tax, Savings by on September 12, 2013 0 Comments
RENTING A VACATION HOME

Tax rules on renting a vacation home from second homes can be complicated, particularly if you rent the home out for several months, but also use the home yourself. There is a provision that is not complicated. Homeowners who rent out their property for 14 or fewer days a year can pocket the rental income, […]

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MOVING EXPENSE DEDUCTIONS

Filed in Accounting, Business, Tax, Savings by on September 11, 2013 0 Comments
MOVING EXPENSE DEDUCTIONS

If you moved due to a change in your job or business location, or because you started a new job or business, you may be able to deduct reasonable moving expense deductions. However, you may not deduct any expenses for meals. If you meet the requirements of the tax law for the deduction of moving […]

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SIMPLE Retirement Plan for Self-Employed

Filed in Accounting, Business, Tax, Savings by on September 11, 2013 0 Comments
SIMPLE Retirement Plan for Self-Employed

Of all the retirement plans available to small business owners, the SIMPLE IRA plan is the easiest to set up and least expensive to manage. Click the above to learn more about SIMPLE IRA plans for your business. These plans are intended to encourage small business employers to offer retirement coverage to their employees. SIMPLE […]

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New Total Tax Accounting Paperwork Salvation

New Total Tax Accounting Paperwork Salvation

Here are some actual emails (except for names) about the fastest, easiest and most ridiculously inexpensive tax and accounting paperwork salvation (it is much more than a solution). This will turn my long-time worst recordkeeping client into one of our best clients. —–Original Message—– From: Michael Block CPA <mblock@blocktax.com> To: John & Mrs. John Subject: […]

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