The Hidden Tax Trap of Short-Term Rentals

By |2021-01-17T19:46:52-06:00December 30th, 2020|Categories: Better Guidance|Tags: , , , , , , , , , , , , |

Some travelers want to experience the natural wonders of an area to feel like a local when they stay in a new city. They do not want to be confined inside a highway motel. They dream of staying in a quaint cottage, venturing out of an apartment into the jazz district, of feeling the vibe of [...]

Why Do I Have to Pay Income Taxes?

By |2021-01-17T19:47:00-06:00December 30th, 2020|Categories: Better Guidance|Tags: , , , , , , , , , , , |

Why do I have to pay taxes?  Such a small, interesting question that opens the door for a barrage of follow-up.  What are taxes? How are they used? Do we need those things?  Are there better ways to pay for them?  If you know the answers to these questions, then you might have a bright future [...]

When Should I Pay Estimated Taxes?

By |2021-01-17T19:49:31-06:00August 21st, 2020|Categories: Better Guidance|Tags: , , , , , , , , , |

You might be surprised to know it, but taxes are not only due April 15th.  The IRS wants taxpayers to send in money throughout the year to keep the government running.  Most people have their taxes sent in by their employers through deductions straight from their paychecks.  But for those who have income from outside of [...]

When to hire a Controller or CFO

By |2021-01-17T19:49:45-06:00July 31st, 2020|Categories: Better Guidance|Tags: , , , , , , , , , , , , , , , , , |

As a small business grows from a single person sole proprietorship to a multi-national corporation, the needs of the company will grow and change.  In the beginning of the company’s life cycle, growth is driven by the vision and talent of a small group of people, either the owner or an inner circle of similar-minded individuals.  [...]

How Big is my Stimulus Check Supposed to be?

By |2021-01-18T20:06:03-06:00July 21st, 2020|Categories: Better Guidance|Tags: , , , , , , , , , , , , , |

The first round of the 2020 economic impact payment is a refundable tax credit on your 2020 tax return that has been issued in advance by the federal government based on the adjusted gross income reported on your 2019 or 2018 tax returns.  Each qualifying adult will receive $1,200 and $500 for each qualifying child.  The [...]

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