Posts in category Tax Preparation

Let’s Talk About Tax Software.

Let’s Talk About Tax Software.
Tweet By now, I’m sure you have heard that it is the Year of the Snake, but not really – it is the “Year of You”. Or at least I’m sure that’s what you heard. Let me assure you it’s still the “Year of the Snake”. (According to wikipedia and Cultural China, the year of the Snake is Feb 10, 2013 thru Jan 30 2014 – the Water Snake ) A [...]

Business Structures, Choosing your En...

Business Structures, Choosing your Entity
Tweet One of the most important decisions that new business owners make is selecting their ownership structure. When beginning a business, you must decide what form of business entity to establish. When determining what type of entity will fit your business best:limited liability company (LLC),  Sole Proprietorships Partnerships Corporations [...]

The Enrolled Agent, EA

The Enrolled Agent, EA
Tweet So I have been going on about it forever, I have even announced that I am headed to the exams to become one. So what is an Enrolled Agent (EA)? Simply put, Enrolled Agents (EAs) are America’s tax experts. The Enrolled Agent status is the highest credential the IRS awards. Individuals who obtain this elite status adhere to great et [...]

Choose your tax pro?

Choose your tax pro?
Tweet Monday I posted Really you don’t’ know what an Enrolled Agent (EA) is? I would like to point out that the client I lost was due his believed need for a CPA to sign his returns. From talking to the client, it seems it was his banker who told him that. So let me start by saying that public perception of who is a tax preparer and who can p [...]

Really, you don’t’ know what an Enrol...

Really, you don’t’ know what an Enrolled Agent (EA) is?
Tweet A few weeks ago, I landed a contract for a person who owns several companies. Daycare facilities, Construction related business, real estate related, just a mass array of corporations (LLC, LLP, C-Corp). In the course of our work he requested what is called a comfort letter (a document prepared by an accounting firm assuring the financi [...]

Form W-2

Form W-2
Tweet A W-2 for 2013 Form W-2 is the form that an employer must send to an employee (and the IRS) at the end of the year showing their income earned during the year. The W-2 form reports an employee’s annual wages and the amount of taxes withheld from their paycheck. It holds a great deal of other information as well. Some for the Emplo [...]

Grads – Filing for First the Ti...

Grads – Filing for First the Time
Tweet The subtle nuances of tax law have been nothing but confusing to the majority of taxpayers for years. It can be difficult to make sure you have applied for all the deductions and credits available while filing your taxes. The most definitive way to insure you have received all your possible deductions is to sit down with a tax professio [...]

What you’ll Need

What you’ll Need
Tweet             Well here we are, January and it is time to start getting your tax information ready. But what do you need? Twelve months have passed. With the economy the way it is many have already been thinking about their taxes, some haven’t.               Getting things ready to take in to your tax preparer is sometimes a gruelin [...]

Small Business Health Care Tax Credit...

Small Business Health Care Tax Credit, Do you Qualify?
Tweet If you’re a small business owner with fewer than 25 full-time equivalent employees you may be eligible for the small business health care credit that went into effect in 2010.  What is the credit The small business health care tax credit, part of the Affordable Care Act enacted in 2010, is specifically targeted to help small busin [...]

Tax Misperceptions – Small Busi...

Tax Misperceptions – Small Business
Tweet One of the biggest hurdles you’ll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of flux making the Internal Revenue Code barely understandable to most people. The old legal saying that “ignorance of the law [...]

Prepare your own return

L & R Tax Preparation

Tax Preparation, Payroll, and Accounting, Including online services.

E=MC2 or use QuickBooks

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