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Should I Prepare My Own Taxes?

By Keith Schroeder / January 17, 2018 / 18 Comments

There is nothing wrong with doing your own return to the best of your ability and then hiring a tax pro for the return you will file. (Read the last sentence again and again until it sinks in.) Yes, you might have two prep fees for the year: one for the DIY program (required when you print) and the accountant. But you will also see where you missed things.

An alternative is to hire a tax pro when you have a unique issue and then go back to preparing your return for a couple years. Some accountants hate this. I don’t.

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Blogging and Taxes with the New Tax Bill

By Keith Schroeder / January 15, 2018 / 22 Comments

Bloggers often miss many opportunities when organizing their taxes. Writing on a regular schedule occupies a large part of the creative artist’s time. Taxes frequently become an afterthought.

Over the last two year several bloggers have approached me to review their tax situation.

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Stalking the Accountant 13 Jan 2018

By Keith Schroeder / January 13, 2018 / 2 Comments

Stick around to the end and learn how you can get your hands on a share of $1,000 being given away by The Wealthy Accountant.   There is an ancient story told by the Kikuyu people of Kenya about a scorpion at the edge of a river wanting to cross. The water was too deep…

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The Genius of Never Giving Up

By Keith Schroeder / January 12, 2018 / 11 Comments

I was contacted recently by an old acquaintance. Brad is a reader of this blog and started to take exception to my style of writing. He felt any idiot could write a blog and I can assure you any idiot is writing this one. He felt it beneath a CPA to write what I do…

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The Cost of Yes

By Keith Schroeder / January 10, 2018 / 4 Comments

At one time or another everyone has experienced the desire to do more things that interest them. It might be traveling the world or trying multiple sports or musical instruments. A few people, prodigies, manage to conquer several musical instruments at once.

In business we see Elon Musk tackling business after business with endless energy. Small business owners are lulled into a false sense of ability when they try to multitask at the same level.

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When Claiming Fake Deductions is Legal

By Keith Schroeder / January 8, 2018 / 4 Comments

Google has a neat feature called Alerts. This feature allows you to get a daily update on any topic you desire. The setup process is so simple even an accountant like me can do it without a problem. Once set up Google scans the internet, news and social media for mentions of your selected topic/s.…

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Stalking the Accountant 6 Jan-2018

By Keith Schroeder / January 6, 2018 / 9 Comments

The IRS was nice enough to tell us yesterday when they’ll open tax season this year: Business returns January 8th and January 29th for individuals. Talking about tax season, things have been exciting around the office this week as a year of planning is nearly complete. Finding qualified tax professionals locally is impossible in my…

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Tax Law Changes You Haven’t Heard

By Keith Schroeder / January 5, 2018 / 29 Comments

Plenty has been written about the recent tax bill. Most news reports repeat the same information. I want to expand on what is widely known to include some lesser opportunities to reduce taxes and pitfalls most people (and many tax professionals) are unaware of. This post will cover a wide variety of tax issues that…

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