Category Archives for WeeklyTaxBreak

Must I deduct all my business expenses?

Must I deduct all my business expenses?Client says mortgage broker suggested that they remove their business expenses to look more appealing for a mortgage. ie Their income would falsely appear to be higher."If

Continue reading

The media is getting it wrong, again!

What did they do?The media is focusing on the wrong issue creating the wrong buzz. They shouldn't be focusing on the tax refund you are or are not receiving as the case may be, as a result of filing your

Continue reading

Whoa Willie!

If you're a fan of Willie Nelson, just hearing his name is probably enough to summon some of his favorite tunes into your mind. And given that he's recorded over 60 studio albums throughout his career,

Continue reading

Thriving Agent webinar Series

The Thriving Agent - webinar series Join Mike McCormick, CPA and Dave Toney, CPA as they discuss topics relevant to real estate agents. They will begin the conversation with a topic that directly

Continue reading

Mike was on Comfort Killers talking tax planning

Michael McCormick joined Stacy A. Cross on the Comfort Killers podcast to talk about tax planning and the book of tax discounts. Check it out...Mike McCormick, CPA “When Was The Last Time Your Tax

Continue reading

Who’s On First?

Who Loses Everything Because of Tax Evasion?When we think of celebrities trying to dodge the IRS, we tend to think of contemporary examples. Wesley Snipes or Martha Stewart, for example, who have had fairly

Continue reading

Even Martha Stewart Couldn’t Craft A Way Out of Paying Taxes

When most people think of Martha Stewart, they think of one of two things. Either she built one of the most successful brand names in housewares and do-it-yourself crafts, or she’s a convicted felon.

Continue reading

A little tip from the ole’ IRS

Like the all seeing eye, we all know the IRS is watching everything we do that involves money. Every paycheck, every bit of interest and dividends, and every inheritance you receive the IRS is right there,

Continue reading

Even Vampire Hunters Can’t Slay Without The Proper Tax Plan

Black Panther has been one of the most successful films in general, and a stand-out as a superhero film. In addition to its rich setting and compelling performances, though, the film was lauded as the

Continue reading

Accounting tells the Story

One of the biggest mistakes small and medium-sized business owners make is confusing math for accounting. Accounting isn't simply debits, credits, and GAAP. Math is to accounting what letters are to a

Continue reading