Author Archives: Terri Kerezman CPA

Time Matters with Tax Refunds: Don’t Miss Out!

If you have not yet filed your 2015 tax return and have a refund coming, time is running out! There is no penalty for filing a late return that qualifies for a refund!  The IRS estimates over a million Americans … Continue reading

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5 Fall Projects to Refresh Your Financial Results

As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach the year’s end in better shape.  Here are 5 … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Management Tips, Payroll Tips, Profitability Tips, Tax Tips, Tax-Planning Tips, Time Management Tips | Leave a comment

Most Overlooked Tax Deduction

Article Highlights: What Is IRD? Why Is There an IRD Deduction? How to Recognize If One Exists What to Do If an IRD Deduction Is Suspected One of the most overlooked tax deductions is what is referred to as the … Continue reading

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Hobbies and Income Tax

Article Highlights: Hobby, Trade, or Business Profit Motive Factors Determining Profit Motive Presumption of Profit Motive Tax Treatment of Hobbies Millions of U.S. taxpayers engage in hobbies such as collecting stamps or coins, refurbishing old cars, making crafts, painting or … Continue reading

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Budgeting Breakthrough

When you hear the word “budget,” what do you think about?  Most people would say something similar to “Ugghh!” If you would rather do just about anything besides create a budget, you’re not alone.  The word “budget” brings up connotations … Continue reading

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Need an A/R Makeover?  A Quick 5 Item Best-Practice Checklist

Technology has allowed businesses to make substantial improvements in their customer invoicing processes.  The good news is that when you implement these technologies, you will almost always get paid much faster. If it’s been a few years since the last … Continue reading

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5 Fun Things to Add to Your Invoices

When it comes to marketing, the company invoice might be the last thing you’d think about.  But think again:  it’s a great place to make every attempt to get paid faster and have your customer coming back for more services … Continue reading

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Equifax Survivors

By now, I am sure you are aware we have experienced one of the most significant identity theft breaches our country has ever seen.  Stolen information includes names, social security numbers, birthdates, addresses, and driver’s license numbers.  This type of … Continue reading

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Did You Collect the Needed W-9s?

Article Highlights: The IRS Form W-9 is used to obtain independent contractors’ tax ID numbers. Tax ID numbers are required when filing 1099s. 1099-MISCs must be issued to independent contractors that are paid $600 or more during the year for … Continue reading

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Time is Running Out! File Your 2016 Tax Returns!

Extended Tax Due Date Just Around the Corner Article Highlights: Extended Due Date Funding Retirement Plans K-1 Due Dates Late Filing Penalty Interest on Amount Due If you could not file your 2016 tax return by the normal April due … Continue reading

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