Author: Ted Smith

To be eligible to receive a COVID-19 stimulus check taxpayers must file 2018 and/or 2019 returns.  If you have not filed those returns contact us immediately so that we can help you receive the stimulus checks.  office@tedsmithcpa.com

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Dear Valued Clients, We believe that it’s important for us to do our part to aid in the response to the recent developments in SW Missouri regarding the coronavirus (COVID-19). To help protect our clients, staff, and community, we will …

Coronavirus Update Read More »

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In the military, I was taught that in the midst of chaos to stay calm. Regardless if it was an aircraft or patient emergency, we practiced staying calm.   There is a very practical reason in chaos or emergencies to …

Staying Calm in the Midst of Chaos Read More »

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Restaurants closing! San Francisco on 21-day shelter in place! Schools closed! Businesses have started laying off people! UCLA Anderson Forecast stated yesterday the US is now in a recession All of the above happened yesterday March 16, 2020!!!!! Five Steps …

Business Owners: How are you addressing the coronavirus? Read More »

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Last Friday evening the House passed a Coronavirus assistance bill. IT HAS NOT BEEN passed by the Senate so not law yet, but if it doesn’t get changed in the Senate – one of the provisions is for all employers …

House passed Coronavirus assistance bill Read More »

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Introducing the Ted Smith CPA tax prep app!  Now you can do your taxes simply by downloading the app, answering a few questions and taking some pictures of your tax documents.  Simple as that and then a CPA tax professional …

Tax Preparation App Read More »

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Imagine this: you didn’t issue Form 1099s to your contractors.  Now, the IRS is auditing your tax return, and the auditor claims you lose your deductions because you didn’t issue the Form 1099s. Is this correct? No. IRS auditors often …

Not filing your 1099’s could result in loss of the deduction! Read More »

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Ted Smith’s“Real World” Business Strategy Pricing Properly “You are a product of your environment. So choose the environment that will best develop you toward your objective. Analyze your life in terms of its environment. Are the things around you helping …

Pricing: One Strong Year-End Move For Your Business Read More »

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The law requires the IRS to utilize private collection agencies for certain inactive debt.  What does this mean if you are one that gets contacted by a collection agency?  How to you know you are not being scammed?  Those answers …

Taxpayers can find answers to questions about private collection agencies on IRS.gov Read More »

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Vol 10-19 New Individual Coverage HRA Allows You to Reimburse Employees for Health Insurance The new Individual Coverage HRA (ICHRA) lets you help employees with their health care costs without fear of ACA penalties. Starting January 1, 2020, employers can …

Ted’s Tax-Saving Tips Read More »

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