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Blog
Posts cover a variety of topics including bookkeeping, tax information, and even some professional lifestyle pieces. You can select from the menu below if you're searching for a particular subject. These posts are not intended to replace the counsel of a professional as every situation is unique.
Kevin Clark, CPA
Nov 15, 20231 min read
How to NOT start the year in 1099 Hell
If you work with contractors/vendors/attorneys/landlords and you typically pay them more than $600 during the year, then you know that...
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Kevin Clark, CPA
Nov 1, 20232 min read
Good Tax Moves
Taxes are as much as a long-term play as a short-term play, and it’s important to plan your tax strategies as far in advance as possible,...
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Kevin Clark, CPA
Oct 2, 20232 min read
Can I deduct my kid's allowance?
You may have heard about this nifty tax deduction for the self-employed: getting a Roth retirement account set up for your child and...
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Kevin Clark, CPA
Sep 15, 20232 min read
What’s new with the 1099-K?
You’ve probably seen it by now if you have any type of business and receive electronic payments from your customers–credit cards, Venmo,...
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Kevin Clark, CPA
Sep 1, 20233 min read
Keep your receipts – for how long?
It’s a very popular question: how long should a business keep their receipts/records and what constitutes good support? It’s also a...
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Kevin Clark, CPA
Aug 15, 20232 min read
Roth Rollovers - are there downsides?
Timing can be everything when you’re deciding whether to roll-over your Roth. As a reminder - the reason why Roths are...
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Kevin Clark, CPA
Jun 15, 20232 min read
Am I blessed or taxed when I’m given a gift?
It’s great to receive, I don’t care what they say. It’s good to give as well, but that’s a topic for another day. The question I get a...
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Kevin Clark, CPA
Jun 1, 20233 min read
Income tax quarterly estimates – yes or no, and how?
As a self-employed tax payer, and as an accountant and advisor to many small business owners, I am well acquainted with the shock and...
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Heather Foley
Apr 15, 20232 min read
Is this REALLY the IRS?
Co-written by Kevin Clark Everyday people get phishing or scam phone calls from someone impersonating an IRS official, but it may get...
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Kevin Clark, CPA
Feb 1, 20233 min read
Is your “Contractor” really independent?
“Just skip the payroll taxes and expenses, pay your worker’s straight pay and send them a 1099!” I’ve even heard other accountants say...
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Kevin Clark, CPA
Jan 16, 20233 min read
Is this REALLY a tax-deductible business expense?
Do you ever get the feeling that common sense just isn’t very common after all? If you think the tax code is logical and reasonable, you...
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Kevin Clark, CPA
Dec 1, 20222 min read
Can I work and still receive all of my Social Security benefit?
Would you like the short answer first? YES! Here’s the “BUT”: Your benefits could be reduced if your total income for the year exceeds...
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Kevin Clark, CPA
Nov 15, 20223 min read
If I work from home, can I take a Home Office tax deduction?
Part 3 of 3: Easy Targets - Meals, Mileage, and Home Office deductions, soft audit targets for the self-employed. “Soft target” is a...
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Kevin Clark, CPA
Oct 17, 20224 min read
How much can I deduct for my auto expenses?
Part 2 of 3: Easy Targets - Meals, Mileage, and Home Office deductions, soft audit targets for the self-employed. “Soft target” is a...
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Kevin Clark, CPA
Sep 15, 20223 min read
Can I deduct my meals as a business expense?
Part 1 of 3: Easy Targets - Meals, Mileage, and Home Office deductions, soft audit targets for the self-employed. “Soft target” is a...
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Kevin Clark, CPA
Aug 15, 20222 min read
GOOD EXTENSIONS
How they work, and one big “Gotcha” to avoid Coming up soon – the extension deadline for income tax returns, which is October 15th for...
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