Well the tax filing season is (almost, if on extention) over, but there are always the dangers of being audited by the IRS or your state. Small business has about a one percent chance of being audited now. To help prevent this, use tax software to prepare your business returns (or a CPA or tax preparer, like me) and make sure you are segregating your business and personal income and expenses. See this article in the Mercury News by Laurie Kulikowski:http://business-news.thestreet.com/story/how-to-prevent-an-irs-audit-of-your-business/11627490?page=3&partner=mercury-newsIf you need your business taxes prepared, call or email me and we can meet and discuss it.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Families Spending Less on College
Parents have apparently pulled back on college spending for their kids, in addition to having kids living at home and looking at less expensive schools. See this article in the San Francisco Chronicle by Dave Carpenter:http://www.sfgate.com/business/article/Study-Parents-pulling-back-on-college-spending-3709011.phpI have a feeling this trend is going to continue into the future, so fewer people will be going to Stanford and Harvard, I guess. Call or email if questions, and I will try and help.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Six Facts to Know about the Child and Dependent Care Tax Credit
Do you qualify for the child and dependent care credit (yes you have to have kids to qualify)? Look at this post by the California Society of CPAs Education Foundation for six facts the IRS has released about the credit:http://blogs.calcpa.org/buzz/2012/07/15/six/Take a look and see if you can get this credit.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035