Category Archives: Taxes

Make That Kid Work For You. Part 2 of 2. No Kidding, The Kiddie Tax

Posted on February 6, 2019 by Carol

Last week we broke the news that according to the Department of Agriculture, with middle-class income of $59,200-$107,000, it is going to cost you a whopping $233,610! to raise that kid until the age of 17. Families with lower incomes … Continue reading →

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Make That Kid Work For You. Part 1of 2. Get Credit Where Credit’s Due.

Posted on January 30, 2019 by Carol

HERE’S WHAT’S UP! With middle-class income of $59,200-$107,000, it is going to cost you a whopping $233,610! to raise that kid until the age of 17, says the Department of Agriculture. Families with lower incomes are expected to spend $174,690, … Continue reading →

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New Year Resolution.

Posted on January 23, 2019 by Carol

HERE’S WHAT’S UP! Conventional wisdom: It’s never too late to do financial planning. Carol’s wisdom: It’s never too early to take care of your money. 2019 Withholding Calculator REINFORCING THE BASICS. What is Retirement? Retirement is the withdrawal from an … Continue reading →

Posted in Individual Taxes, Tax Planning | 1 Comment

Government Doesn’t Run on Dunkin’!

Posted on January 16, 2019 by Carol

Here’s what’s up!  The longest ever paid vacation for 380,000 furloughed government employees.  The longest ever indentured servitude for 420,000 government employees and the Coast Guard as they work without pay.  All courtesy of the longest-ever partial government shutdown.  By … Continue reading →

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“Voluntary Compliance” My (fill in the blank)!

Posted on January 9, 2019 by Carol

Here’s what’s up! America needs tax compliance to pay government’s bills. In all seriousness, voluntary compliance is a principle that we will cooperate with the tax system by filing honest and accurate annual returns and receive excellent customer service along … Continue reading →

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Family Time

Posted on December 12, 2018 by Carol

Brand-new tax credit courtesy of the Tax Cuts and Jobs Act (TCJA). Employer Credit for Paid Family and Medical Leave. But first. REINFORCING THE BASICS. What is the Family and Medical Leave ACT (FMLA)? The FMLA entitles qualified employees of … Continue reading →

Posted in Business Taxes, Taxes | Tagged , | 193 Comments

We are, After All, IRS Customers

Posted on December 4, 2018 by Carol

Here’s what’s up! The IRS is patting its own back on how great they did customer service-wise during the 2017 tax season. The reviews are mixed but today’s blog is to introduce the IRS’ customer service platforms, should you need … Continue reading →

Posted in General Interest, IRS | Tagged , , , | 1 Comment

Form 1099-MISC – By the Box And More

Posted on November 28, 2018 by Carol

It’s that time of year again when, as a business owner, you have to start thinking about 1099ing folks. There’s a lot to it but we’re going to think about it with you. REINFORCING THE BASICS. What is a Form … Continue reading →

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Ask and You Better Receive. What To Know About Form W-9.

Posted on November 14, 2018 by Carol

UPDATED 12/17/2019 It’s that time of year again when, as a business owner, you have to start thinking about 1099ing folks. There’s a lot to it but we’re going to think about it with you. REINFORCING THE BASICS. What is … Continue reading →

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Open Sesame…Open Enrollment!

Posted on November 7, 2018 by Carol

Open enrollment season is here!  And with it the annual confusion and scrambling.  We’re thinking this week’s blog can eliminate some of that. REINFORCING THE BASICS. What is open enrollment? Annual Open Enrollment (AOE) is this tightly scheduled period each … Continue reading →

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