by GruffyGoat Team | Dec 31, 2013 | Uncategorized
A combination of complex and confusing tax law as well as the the IRS’s limited resources result in billions of dollars in tax credits going to taxpayers who don’t qualify. Most of the erroneous payments (both under- and overpayments) are a result of...
by GruffyGoat Team | Dec 27, 2013 | Uncategorized
When the Patient Protection and Affordable Care Act (PPACA) was first signed into law, we covered the implications of the law and how it was projected to affect small businesses. This month’s edition of The CPA...
by GruffyGoat Team | Dec 20, 2013 | Uncategorized
The IRS usually doesn’t allow people to deduct the cost of their MBA, claiming that the degree qualifies people for new job that will earn more money. But what if your dog gets an MBA? He probably won’t be earning a fat salary as a result....
by GruffyGoat Team | Dec 18, 2013 | Uncategorized
If you operate your professional services business on a cash basis and if your gross receipts are over $10 million, you may be forced to change to the accrual method. A House Ways and Means Committee tax reform discussion draft proposes to make the accrual...
by GruffyGoat Team | Dec 16, 2013 | Uncategorized
You’re probably not intentionally trying to hide income from the IRS, but you may be worried about some sloppy bookkeeping or paperwork you’re unsure you filled out properly. A lot of people wonder how long they need to hold onto receipts and records, to...
