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Taxes

Why Should You Care that Your CPA Can Work 80 hours a Week and Still be Lazy?

By Accounting, Business, Taxes 2 Comments

During tax season, I hate it when I hear, “I’m surprised to see you.” Background: In case you didn’t know, client referrals are a huge part of any CPA firm’s growth.  At Incite, we make a concerted effort networking with clients and other professionals.  Between the months of January and April, when we network, we will hear “I’m surprised to see you” more than a…

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Paying Yourself – Confused How It Affects Taxes?

By Business, IRS, Payroll, Tax Strategy, Taxes No Comments

If you operate as an S corporation, you have some different compliance hoops to jump through then if you were a sole proprietor or had created a partnership structure. One of those “hoops” is making sure you are paying a “reasonable” wage to yourself. The IRS says, “An S corporation shareholder who performs more than minor services for the corporation will be its employee for…

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Will ObamaCare Affect You on Your Tax Return?

By IRS, Taxes No Comments

By Sunny McIntosh (newest Incite Tax employee) This tax season will be unlike any you’ve experience so far.  Yeah for Obamacare!  (We all agree the insurance system is broken and needs fixed.  We feel there could have been better ways to improve it that make the burden more equitably split amongst all people wanting health insurance.) The 8 million taxpayers who bought insurance through Obamacare…

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