Welcome to another edition of Tuesday Tidbits where we make tax and accounting simple. I’m your host Charles D. Shapero CPA with Widget Bookkeeping and Tax and..
Latest Posts
Business or a Hobby? What does the IRS think you have?
Why should we care what the IRS thinks about our activity? Because under the hobby loss rules (IRC §183) the deductible expenses of a hobby are limited..
What kind of entity should I form?
Welcome to another edition of Tuesday Tidbits, where we make tax and accounting simple. I’m your host Charles D. Shapero CPA, with Widget Bookkeeping and Tax and..
Why form a business entity?
Welcome to another edition of Tuesday Tidbits, where we make tax and accounting simple. I’m your host Charles D. Shapero, CPA with Widget Bookkeeping and Tax, and..
Advantages of an LLC – What is an LLC?
Are you wondering what the advantages of an LLC are? Wondering what is an LLC, an S-Corp, Partnership or Sole Proprietorship? Check out the first in our..
Special Needs Children…And Related Tax Benefits!
The number of children diagnosed with autism, Asperger’s syndrome, and other neurological disorders continues to skyrocket! The costs of providing care for the special needs child is..
ObamaCare…How does it affect small business and our premiums?
The Patient Protection and Affordable Care Act (AKA Obamacare) seeks to change the way health insurance premiums are established, just as the Act Providing Access to Affordable,..
12 Tax Audit Red Flags!
Certain things can increase your likelihood of an audit. These are called “Red Flags”. They should be avoided, if possible, because an audit is an unpleasant and..
Independent Contractor or Employee? IRS Audits are heating up!
So you think because you don’t withhold taxes and pay people with a 1099, that you are safe from all those payroll taxes? Think Again! Internal Revenue..
IRS has finally gotten it together!!! Well at least a little bit!
Effective Sunday, February 10, 2013, the IRS will begin processing 2012 returns with Form 4562, Depreciation and Amortization. This includes all return types – 1040, 990, 1120,..
