The Real Benefit Of the Home Office Deduction (Hint: It’s the Travel Expense)

The Real Benefit Of the Home Office Deduction (Hint: It's the Travel Expense)
I once asked my doctor what he thought about pharma ads and their ubiquitous tagline of “ask your doctor if Xilipum (not a real drug, I hope) is right for you.” He was not a fan. Now that I’m a CPA, I can partially commiserate. Joe Schmo loves to tell our client they should “just ...

New Filing Dates Screwing Up My Busy Season

New Filing Dates Screwing Up My Busy Season
I’ve always been a big fan of change. I’m first in line for the latest software updates, gleefully tapping my fingers at the new features. I love discovering new places and new adventures. And when we talk about that four year process of getting new presidents, well, we all know that is necessary to keep ...

Tax Relief in Wake of Hurricane Matthew

Tax Relief in Wake of Hurricane Matthew
One of the most surprising things that I’ve discovered after becoming a tax accountant is that the IRS isn’t totally heartless. Is it a massive governmental bureaucracy that is sick and tired of hearing every excuse as to why you can’t file your taxes? Of course. Are there a few agents who wouldn’t qualify to donate ...

Colorado Sales Tax on that Herbal Essense

Colorado Sales Tax on that Herbal Essense
Herbs are all the rage in Colorado right now, and I’m sick of it. Fortunately, today’s herbal discussion has nothing to do with the recreational marijuana industry that’s bringing in annoying tourists and odd investment schemes. Today, we’ll focus on another long-time favorite: Chinese medicine. Colorado Department of Revenue–which has the awesome Game of Thrones ...

Does Mark Zuckerberg Not Recognize A Tax Benefit From His Initiative?

Does Mark Zuckerberg Not Recognize A Tax Benefit From His Initiative?
With Mark Zuckerberg following Bill Gates’ lead by donating mountains of cash to humanitarian efforts, we’re entering a new era of The Gospel of Wealth, though with slightly less condescension than found in Andrew Carnegie’s famous essay. Good for them. If you want to use your money to help your fellow beings, more power to you. ...

Uber, Independent Contractors, and Hillary Clinton

Uber, Independent Contractors, and Hillary Clinton
For those regular readers out there, I apologize for the long gap between posts. I had some personal matters to attend to, and have had a hard time getting back into the groove. But what better way to kick start the new stream of tax euphoria than to talk about independent contractors, a classification that ...