Tax preparation and planning insights for business owners and individuals with complex needs in Roanoke, VA and beyond. Covers filings, compliance, and proactive strategies to reduce taxes and improve outcomes.
“Confess Confess, confess Why don’t you confess? Say yes, say yes I wish you’d reveal to me” – "Confess" – Doris Day and Buddy Clark In my last article I…
What Are Flexible Spending Accounts? “Gumby and flexibility are synonymous, and top athletes are praised for their Gumby-like or Gumbyesque prowess. The U.S. Marines use the phrase ‘Semper Gumby.’” –…
With the end of the year and tax time quickly approaching, I’m going to start focusing on various tax tips up until April 15th. Today’s topic: Health Savings Accounts (HSAs).…
Originally published September 23, 2013: Okay, maybe it’s not a tax deadline in the strictest sense of the word, although there are some important cut-off dates coming up as early as October 1…
2025 Update: while all of the information in this article is still valid, we have done a much more in-depth discussion of the issue that can be found here. Most…
Originally published May 28, 2013 Most of my clients know that I am not a big fan of the home office deduction especially if they are homeowners. While it is certainly tempting…
Originally published May 14, 2013 So everyone knows that if you own your house the mortgage interest, real estate taxes, and (in most cases) PMI are deductible on your individual…