Author Archives: bhalstrom

Jonni Marie Fonseca, EA & Allan Boress, CPA 2021 Year-End Tax Planning Letter Dear Clients and Friends: What a year it’s been! So far, we have had to cope with a global pandemic, extreme political division and a series of natural disasters—just to mention a few noteworthy occurrences. These events have complicated tax planning for […]

Can I deduct donations made to a needy family? You can IF the money is first donated to a charitable organization (such as your church, synagogue, etc) and then donated to the needy family on your behalf. Donations made DIRECTLY to individuals are not tax deductible. Can I file a tax return without a W-2, […]

How do you know you have a great CPA or tax preparer? “Jim” looked confused when we first met. “I think my taxes are wrong,” he said. The return looked good in its expensive binding, and it was a from well-known CPA firm, and there was an invoice for $1,340. I started asking questions. “My […]

We want to keep you informed of the latest changes that are taking place in the always changing tax world. YOU NEED TO BE ABREAST OF WHAT THE IRS IS CONCENTRATING THEIR ATTENTION UPON TO AVOID FUTURE PROBLEMS. At a seminar I attended recently, a former high-level IRS agent was the guest speaker and his […]

Do you have employees or Contract Labor? Just because you call them “1099 workers” or subcontractors, doesn’t make it so! The IRS is clamping down on employers who treat these types of workers as subcontractors, but who are really employees, according to their standards (the only ones that matter in their eyes). Here are the […]

Starting a business, or becoming an independent contractor, will open opportunities – and potential traps that you won’t know about until they appear. Here are some ideas to help smooth the business, reporting, and IRS side of your business.   Maintain a Separate Bank Account for business income and expenses versus personal income and expenditures: […]

Jonni Marie Fonseca, EA & Allan Boress, CPA 2020 Year-End Tax Planning Letter Dear Clients and Friends: Thank you for trusting us with your taxes. If you are new to us, we can only promise to treat your taxes – and finances – as our own. That’s why we don’t let anything out of the […]