Jun
18

Most people don't like to think about taxes until the year end.  However, taxpayers who watch the calendar can improve their chances of getting a larger refund.  Here are some tax boosting tips: If you can, pay January's mortgage payment b... Read More

Posted on Barone and Knipe Blog on June 18th, 2014


Jun
15

Having a well-organized bookkeeping system is vital, however it is more critical to establish your methods for financial management and control. What is the "financial management" mean exactly? It is the process a CPA firm in Scottsdale can use to pu... Read More

Posted on Barone and Knipe Blog on June 15th, 2014


Jun
13

Aside from the regular federal income taxes, there’s also the AMT, or Alternative Minimum Tax, which needs to be calculated, and perhaps paid, by a taxpayer. Find out what is AMT all about -- its definition, history and coverage.  You can ... Read More

Posted on Barone and Knipe Blog on June 13th, 2014


Jun
11

Summer is beginning, however it is the end of another payroll quarter. It is time to do a quarter payroll check-up and here are some items you need to confirm.  Confirm your federal tax deposits.  You outsource remember that you're respons... Read More

Posted on Barone and Knipe Blog on June 11th, 2014


Jun
9

Do you live or work abroad where you receive foreign income? As a U.S. citizen or resident, you have to report all sources of income from within and outside of the U.S. The rules for filing income tax returns are generally the same whether you’... Read More

Posted on Barone and Knipe Blog on June 9th, 2014


Jun
6

One of the hardest things about taxes is learning the language. You've got all the forms and instructions, but it seems they're harder to decipher than that first lesson in your high school Latin class. Instead of getting frustrated, seek the advice ... Read More

Posted on Barone and Knipe Blog on June 6th, 2014


Jun
4

So you moved! When you move, you need to notify the IRS to ensure you receive any IRS refunds or correspondence. Your Scottsdale CPA firm know there are several ways to notify the IRS of an address change. Move before you file - write the new addres... Read More

Posted on Barone and Knipe Blog on June 4th, 2014


Jun
2

Did your business report a loss for 2013? By now, you've already made the decision of whether to carry the loss forward to future years or back to a prior year. Here's an overview of carrybacks and carryforwards. As a general rule, a carryback can b... Read More

Posted on Barone and Knipe Blog on June 2nd, 2014


May
30

Did you know that what the rate you pay on gain from the sale of stocks or other assets depends on the length of time you owned the asset, the type of asset, and your taxable income. Length of time - The “holding period” determines wheth... Read More

Posted on Barone and Knipe Blog on May 30th, 2014


May
28

The National Foundation for Credit Counseling found that two out of five Americans don’t even have a monthly budget and typically carry credit debt as well.  There are ways to get your finances back on track which the following article di... Read More

Posted on Barone and Knipe Blog on May 28th, 2014


May
27

Can I claim the standard mileage deduction even though my company gives me a gas card to pay for my gas? Yes, but you'll have to subtract the cost of the gas paid with the gas card. Use of the gas card is treated as an accountable plan. You shouldn't... Read More

Posted on Barone and Knipe Blog on May 27th, 2014


May
23

Did you receive alimony in 2013? In case you didn't know, alimony you receive is taxable income. However, determining what's considered alimony may not be as simple as it appears at first glance. Have a Scottsdale CPA firm review this with you, to de... Read More

Posted on Barone and Knipe Blog on May 23rd, 2014


May
21

Internet sites linking travelers to property owners with space to spare continue to grow in popularity. Whether you travel or not, you might be considering the possibility of renting your home.  In doing so, establishing sound recordkeeping proc... Read More

Posted on Barone and Knipe Blog on May 21st, 2014


May
18

Independent auditing of financial statements is one of the best known services that Scottsdale CPA firms provide but is the least understood. Over 47 million investors own shares in more than 14,600 publicly held U.S. companies. Such companies are ... Read More

Posted on Barone and Knipe Blog on May 18th, 2014


May
14

Summer is a time the kids get to be home and play.  Along with this comes extra expenses, including summer day camp. Good news for parents, those added expenses may help you qualify for a tax credit. Many parents who work or are looking for work... Read More

Posted on Barone and Knipe Blog on May 14th, 2014


May
9

The most important job to have is being a mom. It is an amazing job but challenging at the same time. Constantly keeping a balance in your home by helping with homework, cooking, cleaning and activities, finances are easy to overlook. This can be an ... Read More

Posted on Barone and Knipe Blog on May 9th, 2014


May
7

Don't just look at sales and net profits when buying a business, look beyond the numbers. While the numbers are important you should also be concerned about the quality of the customers. Do they regularly place significant orders? Do they only order ... Read More

Posted on Barone and Knipe Blog on May 7th, 2014


Apr
29

You have filed your returns but didn't have the money to pay what was owed. You may think, "Oh well---I will catch up next year." Before you know it you find yourself several years in arrears and suddenly there is a notice from the IRS, stating that ... Read More

Posted on Barone and Knipe Blog on April 29th, 2014


Apr
29

We know that starting a new business entity can be a daunting task, to say the least. Choosing an incorrect business entity type could have undesirable and ever-lasting financial and tax consequences. As an experienced Scottsdale CPA firm, we will ga... Read More

Posted on Barone and Knipe Blog on April 29th, 2014


Apr
29

Keeping track of your books and accounting transactions is meticulous and time consuming. With the everyday challenges of running your business, it is not economical for you to have to keep track of your books and the more time you have to spend keep... Read More

Posted on Barone and Knipe Blog on April 29th, 2014


Apr
25

In your 40s, you could be considered either a "late baby boomer" or member of "Generation X." Either way, you're at a time in your life when you're putting youth aside and should be doing some financial planning for your future and your family's futu... Read More

Posted on Barone and Knipe Blog on April 25th, 2014


Apr
22

A net operating loss (NOL) results from the situation in which a business has more allowable tax deductions than it has taxable income. In this case,CPA firms in Scottsdale know that  the business has negative income, or a net operatin... Read More

Posted on Barone and Knipe Blog on April 22nd, 2014


Apr
20

Getting a summer job to save money for college? There are a few things to know about taxes. When you get hired, make sure you fill out a W-4 form. This form lets your employer know how much income tax to withhold from your paycheck. If you are claime... Read More

Posted on Barone and Knipe Blog on April 20th, 2014


Apr
17

Whether your first job or current job is minimum wage, you definitely learn to have appreciation for your money and how you spend it.  As a young adult, you gain priceless financial planning lessons that will give you a head start for the future... Read More

Posted on Barone and Knipe Blog on April 17th, 2014


Apr
15

Year after year, the IRS identifies some of the most common mistakes taxpayers make when filing tax returns. Take a look at these tips to help you file a last minute, perfect tax return.   Slow down - Unless you’re reading this on April 1... Read More

Posted on Barone and Knipe Blog on April 15th, 2014