Due to the recent economy, the sources of income for many retirees have changed. For instance, the interest rates that banks are offering has decreased dramatically causing a decline in the use of savings accounts and CDs for retirement. U.S. News & World Report’s “10 Ways to Pay for Retirement” lists the most common ways to [...]
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These are two separate items on a tax return. Medical expenses for children are included with the medical expenses for the taxpayer, if the taxpayer is itemizing deductions. Child and dependent care expenses are used to figure the Child and Dependent Care Credit. The Child and Dependent Care Credit is a non-refundable tax credit for [...]
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In the article, “Is Gen Y Becoming the Frugal Generation?,” 20SomethingFinance.com‘s GE Miller discusses his reflections on a recent report on the spending behaviors of Generation Y (ages 18-34). Gen Y, commonly referred to as the “Millenials,” has shown their frugality in this report through their purchase patterns. This generation is actively seeking ways to save money [...]
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Don’t forget to celebrate your mother this weekend… Sunday, May 13 is Mother’s Day!! Holiday Fun Fact: Did you know that the official spelling of the holiday is singular possessive (Mother’s Day)? Other spellings like the plural possessive (Mothers’ Day) and plural non-possessive (Mothers Day) are also commonly used. Lisa Osborne Office Administration lisaosborne@mo-cpa.com [...]
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We wanted to take the time to shout, “THANK YOU!!” to those who sponsored us this year in the 2012 Naples MS Walk. We are ever so grateful for your support and, with your help, we were able to raise $11,710.46, dominating this year’s goal of $10,000! The National MS Society held the 2012 MS Walk [...]
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According to a report from the Treasury Inspector General for Tax Administration (TIGTA), as of December 31, 2011, 641,052 taxpayers were affected by identity theft in calendar year 2011. On Tuesday, May 8, 2012, the House Ways and Means Oversight and Social Security Subcommittees held a hearing to discuss identity theft and tax fraud. Once [...]
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It’s only May, right?! But think about that… it’s ALREADY May! Time sure does fly by and that is why now is the best time to start thinking about tax planning or initiating your tax plan. Remember our article, “Beyond 2012 – The Great Unknown,” posted in February of this year? In it, Stephen highlighted [...]
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Who has seen the greatest results from social media marketing? According to the 2011 Social Media Marketing Industry Report, the answer is small business owners. ”Over the course of the last 3 years, social media has moved from an uncertain strategy (2009 report), to a permanent fixture (2010 report), to a primary tool (2011 report) [...]
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Check out the 34 inch redfish that Danny caught on his day off. However, we are unable to divulge his secret fishing locale. Okay, okay! We’re just kidding….Danny went fishing in Chokoloskee with his friend yesterday and they were pretty successful. They caught some monster redfish and trout. What do you like to do on [...]
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It’s pretty sad when the administrative burden of filing taxes is greater than burden of actually paying your taxes! But that is exactly what was found to be true in a recent survey of 350 small business owners. It takes constant effort on our part to keep up the ever-changing tax laws… and we do [...]
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