 Having a tax pro saves you time and money
Like it or not, tax season comes around each and every year. And with it comes annual changes to the tax law, making it more and more complicated. Therefore, it’s important to rely on a tax professional to guide you through filing your taxes. This not only saves you time, but also money. I welcome the opportunity to serve you year after year. Below, I’ve detailed some of the reasons why it’s important to stick with a tax professional rather than self-preparing your return.
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 What you need to know about accountable and non-accountable plans
If you have employees, you can reimburse or give them an advance or allowance for business expenses, including but not limited to ordinary and necessary transportation, business entertainment, travel, meals and lodging expenses. These types of payments can either be treated under an accountable or non-accountable plan. Below, are the requirements for both types of plans  One of the more popular business expenses for home-based businesses is the home office deduction. The IRS code states that the space used for the home office must be used exclusively and regularly for the operation of the business.
No other activity can be conducted in the home office to qualify for the tax deduction. If the taxpayer uses the room for any other purpose (such as a guest bedroom or place for students to prepare their homework) then the home office deduction is not allowed.  Tips for keeping yourself safe from threats
There is no shortage of scams targeting both tax professionals and taxpayers. Due to the recent rise in identity theft cases, it’s important to be proactive about protecting yourself from these threats. The information below details some steps you can take to keep your sensitive data safe from identity theft. Quick Protection Tips Read on for some tips to protect yourself from becoming a victim: |
Pat Kolodziej
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