Divorce is an all-too-common part of life, and with it comes important tax ramifications and decisions. Advise your clients with these 10 points on divorce and taxes.
As we begin a new year, I have found myself looking back to all of the wonderful sessions I attended at QuickBooks® Connect 2016. I have never been to such a powerful event in my career, and I loved it....
With Oct. 15 behind us, the 2015 tax season has wrapped up … and now, it’s time to look forward to next year! If you are like me, this is the time of the year you identify tasks that need...
Identity theft has become a central theme and concern for all of us in the tax preparation profession – and it seems as if the problem has exploded in the last few years. I can remember 10 years ago when...
As an accountant, it is sometimes hard to stay on top of all the moving pieces of client service. I have found that if I take some time – especially in late summer and early fall – to sit and think...
Contributing to your favorite charity is often simple: you write a check and pass it on. As a result, you receive an income tax deduction and the charity has the donation to help with its cause. While a popular route,...
If you work in the tax world for very long, you will eventually see tragedy through your clients’ eyes. One issue that has several tax implications that must be navigated is the death of a spouse. While the family grieves,...
In my practice and software, we see Married Filing Separately the most with couples that are in the midst of getting divorced. It is a tempting path because it keeps both spouses from having to negotiate and interact about their...
No matter what kind of practice you have, where you’re located or what your scope of service might be, you’ll be your clients’ hero any time you can legitimately lower their tax liability. Here are a few well-known tax tips...