by Tiffany Mellow | Mar 11, 2024 | Business Accounting, Business Taxes, Personal Taxes
From the desk of James E. George Tax season is here! My staff and I recently met and discussed this upcoming tax season. We reviewed last year’s notes regarding what worked well and what we wanted to improve. We also read and discussed the responses we received to our...
by allsaints | Sep 9, 2021 | Business Accounting, Personal Taxes
The IRS is backlogged in many of their processing functions, and it is causing serious problems for many of our clients. Some taxpayers still have not received their 2020 refunds for returns they filed back in April. Others are having their 2020 refunds reduced but...
by Tiffany Mellow | Dec 23, 2019 | Business Accounting, Business Taxes
It is Christmas! While the happiness that comes with the holiday is enjoyed by most of us, the IRS continues to do their job undeterred by the season and its traditions. We will now take a look at the situation involving the income tax audit of one Kris Kringle, also...
by Tiffany Mellow | Nov 21, 2019 | Business Taxes, Personal Taxes
This week I attended a two-day seminar on the new tax laws taking effect for 2019. The sheer number of changes is a little overwhelming. There are new reporting requirements for anyone who files Head of Household status. There is also an expanded due diligence...
by Tiffany Mellow | Nov 6, 2019 | Bookkeeping
Business owners record the cost of their physical assets on their books for a variety of reasons. The cost is important for income tax reasons since it is depreciated or deducted over a period of years. In Maryland, the assets of a business, and their costs or values,...
by Tiffany Mellow | Oct 23, 2018 | Business Accounting, Non-Profit Accounting
I met with a number of clients in the last couple of months who are very tech savvy and utilize a lot of the current technology available in running their businesses. Some deposit their customer checks by taking pictures of them with their phones. Others track their...
