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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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New IRS guidance.  Read it HERE

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Combine Home Sale with the 1031 Exchange You don’t often get the opportunity to even consider making a tax-saving double play. But your personal residence combined with a desire for a rental property can provide just such an opportunity. The …

Ted’s Tax Saving Tips Vol 19-6 Read More »

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Ted Smith’s“Real World” Personal Strategy Note “Having a child is like getting a tattoo … on your face. You better be committed.” -Elizabeth Gilbert Because raising children truly does “take a village”, know that I’d love to help walk you …

Making Children Less Costly (Through Smart Tax Savings) Read More »

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How you may be able to take the 20% pass-through deduction! The Section 199A 20 percent tax deduction is a gift from lawmakers. Literally, you don’t earn this deduction; it’s simply there for you if you qualify. Under the trade …

Rental Real Estate Read More »

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Ted Smith’s “Real World” Business Strategy What Is Your Time Actually Worth? “The beginning is always today.” – Mary Wollstonecraft Shelley Entrepreneurship is the conversion of your knowledge, talents, guts, and time into money. Time is valuable, although the value …

What is Your Time Actually Worth? Read More »

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