by Kevin Thompson | Oct 18, 2016 | announcement, Tax Laws
If you have an LLC do you know how much your member’s shares are when it comes to self-employment tax? It’s a complicated matter because the IRS code and regulations do not provide any guidance on how to treat an LLC member in that regard. However, the agency...
by Kevin Thompson | Sep 26, 2016 | Tax Laws
Bloomberg BNA has just published its 2017 Projected Tax Rates along with a projection of tax items that have been adjusted for inflation. That means that the cost of noncompliance will increase. The good news is that individuals and businesses can look forward...
by Kevin Thompson | May 13, 2016 | Tax Laws
Do you think the IRS has been lax on enforcing tax audits lately? Well, think again. They are in the process of hiring 700 new employees, which means there’s more of a chance you will find an audit letter in your mailbox. Kevin E. Thompson, CPA...
by Kevin Thompson | Aug 18, 2015 | Tax Laws
Kevin Thompson, CPA, did a recent internet search revealing some horrifically interesting ideas about paying taxes. Below are just a few of some of the worst ideas that people have come up with regarding doing their taxes. Thinking that filing taxes is...
by Kevin Thompson | Apr 27, 2015 | Tax Laws
It’s not easy being an entrepreneur. It takes a ton of hard work and a bucket full of tears if you want to be successful. Kevin Thompson, CPA says “being an entrepreneur is about the hardest thing I have ever done. As the entrepreneur, I am responsible for customers,...
by Kevin Thompson | Apr 7, 2015 | Tax Laws
Big Bang or Colossal Crash? It may be happening sooner than we think. The Physical Review letters published a paper in which a group of physicists developed a mechanism for “cosmological collapse.” They are saying the universe will stop expanding and collapse back...
