If you filed on time and have gotten that big tax refund, here are some ideas on what to do with at least part of it (don’t blow the whole thing, please!) from Brett Arends in The Wall Street Journal:http://online.wsj.com/article/SB10001424127887324485004578426853759078098.htmlThe last idea he has of speculating on Italy isn’t something I would do (might as well take that money to Vegas as far as I am concerned), but there may be some other ideas your financial professional could give you.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Hire your kid, get a tax break
Hey, if your kid can do some work in your sole proprietorship or single person LLC, there are some tax savings for putting him or her on the payroll. See this posting by The Wall Street Journal in TaxWatch:http://articles.marketwatch.com/2013-04-17/finance/38597739_1_income-tax-tax-return-wagesHey I put my kid on my sole proprietorship payroll, you can too. Call or email me and we can discuss it.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: When tax ‘help’ is just a mirage
This stuff really stinks: someone is in trouble with their taxes with the IRS, their state taxes, or both. They seek the help of a ‘tax relief’ group that charges big upfront fees, then stall for months and then disappear into the woodwork, leaving the taxpayer in worse shape than when they started. See this article in The Sacramento Bee Personal Finance section by Claudia Buck:http://www.sacbee.com/2013/04/21/5356917/when-tax-help-is-just-a-mirage.htmlWhen the IRS and other authorities find these guys they should throw the book (hopefully a phone book or the encyclopedia Brittania) at them and make them think twice about doing this again.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com