Category Archives: Tax Planning
Form 1099-K
We prepare small business tax returns for almost 300 Fort Wayne businesses every year. In fact, our firm specializes in small business tax preparation. A greater percentage of our clients are small business owners than any other firm I know of! The Internal …
Indiana Unemployment and your annual income taxes
If you or your spouse has been unemployed for all or part of the year there are several things you should consider: Unemployment compensation is taxable; if you or your spouse received unemployment compensation you will receive a 1099-G. This income …
2009 Internal Revenue Service notices
Many taxpayers are just now getting tax notices concerning their 2009 Federal income tax returns. Most of these notices are matching notices. A matching notice is when the records the IRS has do not agree with the tax return filed. …
Why every Fort Wayne business should partner with a Fort Wayne CPA
The Federal tax code gets more complicated each and every year. Congress continually changes the tax code and uses the tax code and its provisions to help ensure our elected officials win re-election. The current Federal income tax code consists …
Tax advice from a Fort Wayne CPA
It amazes me how many people decide to have a tax “autopsy” in March or April of every year rather than spend a little time and effort concerning tax planning. A tax “autopsy” is when a taxpayer has an event that …
IRS mileage deduction substantiation
Many taxpayers claim a mileage deduction on either their individual or corporate income tax returns for business miles driven using personal vehicles. This tax deduction can be quite substantial and can often significantly lower income tax liability at both the …
Do I really need a Certified Public Accountant (CPA)?
People frequently ask me if they should use a CPA to handle their accounting and bookkeeping needs. This post will attempt to answer that question. The current United States Federal income tax code consists of approximately three point seven million …
Small Business Tax Extensions and you!
Over the last two years Congress has significantly increased the penalties for late filing various forms. That trend is also true with many state taxing agencies; including The Indiana Department of Revenue. There are often “failure to file” penalties associated …
SBS CPA Group 2011 tax organizer
We use a simple two page tax organizer to assist us with the preparation of personal tax returns and to help ensure that we gather all pertinent information. You can download this document from the “Document Depository” on our website! Mike …
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SBS CPA GROUP
Small Business Tax Preparation
We prepare small business tax returns for about three hundred small businesses; mostly in the greater Fort Wayne, Indiana metro area. Our firm specializes in small businesses and has a higher percentage of small business clients than any other Fort Wayne …