Posts by Denise Calderon
Is it Just a Hobby or Are You Running a Business?
There are special rules and limits for deductions when you report the income and expenses on an activity that is a hobby, which is different from a business.
Read MoreWhat You Need To Know About The Solar Tax Credit
I had a few clients that were expecting a big tax refund from the installation of their solar panels. They were told one thing and received something else.
Read MoreTips To Avoid A Tax Audit
The IRS do not get all of your W2s until August or later, so you may receive a letter for prior returns. I want to make sure you’re protected if you’re audited.
Read MoreWhy I Chose to Become a CPA
As a Certified Public Accountant (CPA), I am tasked with helping people make sound financial decisions and am entrusted with highly personal information.
Read More1031 Exchanges: What Investors and Realtors Need to Know
What is a 1031 Exchange? It is a tax deferred exchange as defined by the Internal Revenue Code (I.R.C.) 1031. So how does that affect Investors and Realtors?
Read MoreAre You Ready for the Approaching Tax Extension Deadlines?
What happens when you do not file or pay your taxes on time? Of course, the IRS may charge you interest and penalty fees for late filing and payments.
Read MoreAre You Taking Enough Federal Withholding From Your Paycheck?
Are you taking enough Federal withholding from your paycheck? I am sure it feels like you are, but I want to make sure you actually are before you may owe.
Read MoreImportant Tax Updates!
We’ve heard so much about taxes that it’s been hard to keep up, but you have a tax professional dedicated to keeping up to date with all the changes.
Read MoreAre You Ready for Tax Season?
Tax planning should be done earlier in the year, but if you haven’t had the chance to do so, here is a year-end checklist to help you get ready.
Read MoreWhat Is A Budget And Why Is It Important For Your Business To Have One?
A budget is used to project future income and expenses. Many business owners use it as a planning and outlining tool to help them reach their goals.
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