Profit & Tax Blog

Tax Strategies for Trick or Treats

Interesting Halloween Tax Strategies!  Halloween is almost here, and if it seems like things have changed since you were a kid, you're right! Halloween has become big business, with the National Retail Federation predicting Americans will spend $9.1 billion on...

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They Hate Him at the IRS, Too

CEO "Retires" With Millions After Major Data Breach  We live in an unfortunate era of disunity. Cultural divides, racial divides, religious divides, and political divides are threatening to tear America apart. Every so often, though, someone comes along to unite...

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Too Tasty for the IRS

Restaurant Owners Stretch Meaning of Expenses  Most of us like to eat, even if we choose to deny ourselves this pleasure from time to time. And those of us with an entrepreneurial bent often dream of opening a restaurant. Sometimes it's a bustling cafe fronting a...

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Sink Your Teeth Into This One

Who knew! The IRS loves pizza!  "You better cut the pizza in four pieces because I'm not hungry enough to eat six." Yogi Berra The calendar is full of little-known commemorations that probably escape your attention, and this month is no exception. Some of them...

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Help With Help – How to Help Storm Victims

Help Storm Victims With Donations After Hurricane Devastation Ordinarily we use this space for lighthearted stories that poke fun at the tax system and some of the clever ways that people endeavor to make it work for them, successfully or not. But the recent stories...

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$50 Million, Hut!

Coach Gets Creative with Taxes and Salary! The 2017 college football season kicked off this week, and for most people that means talk of pre-season polls, Heisman trophy hopefuls, and BCS championship prospects. But we're not "most people," are we? So today we're...

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A Match Made in Dallas

A Match Made in Dallas - The Deciding Factor in this CEO's Tax Case Where is "home"? Home is where the heart is. Home is wherever you make it. Home is wherever I'm with you. And, of course, I'll be home for Christmas. But what does the tax man think of all of...

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TurboTax Made Me Do It – On Filing Your Own Taxes

Filing your own taxes using tax software can be very tempting One of the highlights of living in our technologically-advanced age is the ability to buy tools to do almost anything. If your kid fractures his arm playing baseball, you can hop on over to Amazon and order...

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Oops! You Fail To File Taxes

Penalties aren't the only risk if you fail to file taxes Mark Twain once said, "Never put off till tomorrow what may be done the day after tomorrow just as well." But Twain's advice doesn't always pay when it comes to taxes. The calendar watchers at the IRS charge a...

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Bottoms Up!

What's With Beer Tax?! What were you doing at the end of your day on Friday, August 4? Were you knocking back a bottle of suds at your favorite happy-hour bar? Enjoying vacation time with a cold one overlooking a beach or a harbor? Maybe feeling ripped off paying $14...

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Take Charge of Your Debt & Pay Them Off Faster

Grab This Worksheet to Calculate Your Monthly Nut - Once you've paid your monthly nut (expenses), the rest is PROFIT!

Do  You Know The Health Of Your Service Business?

Do  You Know The Health Of Your Service Business?

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