Tax Information For Work At Home Moms

They say there are only two things guaranteed in life. Death and taxes. For the new work at home mom, taxes can be a confusing topic. Is it better for you to incorporate or run your company as a sole proprietor? What can you consider business expenses – is the latte with with your business partner really a write off? Can you hire your teenagers to do small tasks for your business? Do you need an accountant as a work at home mom or can you still use a big chain to prepare your taxes to save some cash. We’re not accountants – and we don’t claim to replace the advice of one – but we hope we can lead you in the right direction via the articles below.

Getting Involved with the PMA May Save Your Business

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As affiliate marketers, we often feel that we are working alone. There is so much to be done all the time that we put in enough hours just doing the WORK of affiliate marketing that there isn’t much time to spend on the industry as a whole. Unfortunately because so many of us are in […]

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Selecting Tax Software, Or…

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It’s that time of year again, when thoughts turn to cherry blossoms, romance spring flings…oops. Wrong topic. This is the time for all good folks to come to the aid of their country. Yup, time to pony and fill up Uncle Sam’s coffers. You’re smart, you’re capable, you are WOMAN, hear you roar! You can […]

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Lighten Your Tax Burden

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Imagine if Goldilocks had to file taxes — forking out a hefty amount in April one year, then getting a huge refund the next. For many adults, finding a withholding amount that’s “just right” seems nearly impossible. But, if you owed taxes in a prior year or received a refund that was a great deal […]

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Inheritances and Money Offshore

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Did I ever tell you the one about…the hotel in the Bahamas that had a big sign in the lobby “Move Your Money To the Bahamas and Avoid US Taxes” ? It had an arrow pointing to a nearby meeting room and a time. So, two guys, decided to follow the arrow and attend the […]

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Travel Writing – on IRS’ Dime

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Several years ago, a client to came to me during tax season all excited about her new business. She was now a freelance travel writer. Wow. That sounds like such fun, doesn’t it? I asked her how this came about. Well, she took a community college class one Saturday afternoon for about 2 hours about […]

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Giving Thanks for a Good Year

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Happy Thanksgiving! You’re getting ready to wind down for a while, spiff up the house, and cook up a feast for family and friends. After everyone leaves and the clean-up is done, set aside a couple of hours for yourself and reflect. Look back at the past year and see how your business has really […]

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Has your Child been the Victim of Identity Theft?

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Recently, I was told the most shocking story by a mother. She went to open a bank account for her children, ages 10 – 13. The account manager ran their Social Security numbers and told her there was a problem. Someone else was using her 10 year-old daughter’s Social Security number! After some extensive investigation, […]

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Are you Wasting Tax Benefits?

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It’s nearly October. Your children are back in school. You have some time to yourself, finally. And perhaps some time to think – and plan. This is the perfect time to do some tax planning. What tax benefits are you overlooking, that you should have, or could have, gotten this year? Here’s a list of […]

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4 Easy Steps to Resolving Your Tax Problems

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After years of struggling, you suddenly break through all the barriers – and cash starts flowing in. What’s the first thing you do? You pay off all your debts. The second? You buy the toys you’ve always wanted. Then, when it comes time to pay the IRS and your state, there’s no money left. But, […]

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Working with a Tax Pro – Avoiding Fly-By-Night Outfits

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I just got a disturbing question on the TaxQuips Forum this week. A young girl went to a tax preparer who didn’t have a clue, messed up her tax return, left her owing money to IRS when she should have had a refund, then disappeared when she returned to get help. This is distressing on […]

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