The Sansone Difference Blog
Five Tax Deductions Small Businesses Overlook
Written on February 15, 2012 at 6:18 pm, by
Five Tax Deductions Small Businesses Overlook If you’re like most small businesses, you look for ways to turn any expense into a tax break, but if you don’t know what to look for you could be leaving a lot of money on the table. When it comes time to scour your records one lastContinue Reading
CPAs in high demand; Starting salaries to increase 3.5 %
Written on February 6, 2012 at 11:06 pm, by
CPAs in high demand; Starting salaries to increase 3.5 % Now is a good time to hire a CPA to handle your business accounts or to consider a career in accounting and finance. Average starting salaries for accountants and finance professionals are expected to advance 3.5% this year, according to forecasters. The certifiedContinue Reading
QuickBooks 101
Written on January 19, 2012 at 8:02 pm, by
QuickBooks 101 If you are a small business owner you are probably familiar with QuickBooks. But for those of you who are thinking of starting a small business and would like to know more about the benefits of using this software, here is a brief overview of the product. QuickBooks is a businessContinue Reading
Who Should Do a Reverse Mortgage?
Written on January 18, 2012 at 3:37 pm, by
Written by Donna Fuscaldo Published January 18, 2012 The economic storm that rocked many baby boomers’ nest eggs has left many of them considering a reverse mortgage as part of their retirement plan. Reverse mortgages allow homeowners who have reached age 62 or older to draw down on their home’s equity in exchange for cash.Continue Reading
Top ten tax questions
Written on January 11, 2012 at 4:40 pm, by
Top ten tax questions If you are like most people, you probably have a lot of questions about how to maximize your tax refund and how to qualify for certain tax credits. To shed some light on this topic, here is a list of the top ten most common tax questions: 1. WhatContinue Reading
Cartoon Fun
Written on January 11, 2012 at 12:21 am, by
CPA VS. Turbo Tax
Written on January 10, 2012 at 11:48 pm, by
As tax time approaches many people often wonder if they should use a Certified Public Accountant (CPA) or an online tax preparation service such as TurboTax®.
Business standard mileage rate is unchanged for 2012—other rates change
Written on December 12, 2011 at 3:02 pm, by
The IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) is 55.5¢ per mile for business travel after 2011. The rate for medical mileage and mileage related to a qualifying move as a result of a job change has been reduced .5¢ to 23¢. TheseContinue Reading
Claim the nonbusiness energy property credit while you can
Written on September 26, 2011 at 2:00 pm, by
Of the many energy-saving provisions in the Code, few are more accessible to ordinary taxpayers than the $500 credit for nonbusiness energy property. The Code Sec. 25C credit can apply to relatively inexpensive, easy-to-do (perhaps even do-it-yourself) items—the installation of insulation (e.g., exterior caulking and weather-stripping), doors, and windows—as well as slightly more expensive butContinue Reading
Reporting Credit Card Activity on Business Tax Returns
Written on July 15, 2011 at 2:16 pm, by
If you accept credit cards for payment in your business your service provider will be sending you a Form 1099-K for you to report this activity on your business return for tax years after 2010. While the return forms are not yet completed, the IRS has posted a draft of form 1099-K and the appropriateContinue Reading
