More Stimulus Money Beginning on July 15, 2021, some taxpayers may find that they are receiving the Advance Child Tax Credit that is designed to help many people deal with the economic hardships that have come from the global pandemic. Sometimes this is referred to as the next “Stimulus”. The revisions to the Child Tax […]
29
Mar
Mar
This post is from an interview with ABC News. 2020 has been an interesting year for businesses, while some have grown others have been greatly affected by the pandemic. Today on ABC4 Utah we have a local expert – Ron Valentine joining us from Valentine CPA.Ron tells us that according to statistics he is showing […]
07
Jan
Jan
Reason 1: They earn their own way. No one gives them a free pass. They wake up every morning “unemployed” and go to work. Reason 2: They are very service-oriented. They are helpful and will go the extra mile to help you get the most out of your purchase or sale. Reason 3: They are […]
30
Dec
Dec
We all hate gaining weight and paying TAXES!! We can’t help you with the extra lbs. but we can help you feel peace by knowing that you are getting all the tax deductions that are available to you. The United States has the best economy, best legal system, and best business opportunities in the world. […]
19
Dec
Dec
This week my Julie asked if any in our household wanted to go with her to look at the Layton City Christmas lights. We go every year, and it gets a bit “old”. This time, she had two rules; (1) no one could go if they were going to be grouchy, and (2) she was […]
22
Aug
Aug
If you look closely, you will see my grandson sitting with his dad in the cockpit of the skid steer. My son rented this tractor to remove the weedy jungle that he had in his backyard (see @thelittlehouseofhoarders). The rental company delivered the equipment last Friday evening and this little boy woke up to the […]
04
Aug
Aug
There is a resort in Mexico that we, as a family, like to enjoy. I have fond memories of sitting at the beach with a book and a “Freezie Willy” fruit drink, boogie boarding, shuffle boarding, eating street tacos, trying to surf (that is exhausting exercise), doing yoga classes, catching crabs off a pier, dickering […]
16
Jul
Jul
A few years ago, a client, who, incidentally, is a doctor, plead with me for tax deductions (like there was something magical that I could do). The simple truth is that to get a “tax deduction, you have to spend money”. So, if that is the case, doesn’t it make sense to spend it on […]
09
Jun
Jun
Two Big Issues with Recordkeeping for Tax Purposes The records you keep provide the documentation to support the deductions and expenses claimed on your tax return. There are two big issues. Big Issue One. The first issue is that you need to prove that the expense is deductible. To do this, you must always keep […]