Ask an Accountant: Accounting Software

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! Although tax season is over, tax questions arise year round. My husband is an experienced accountant and will be answering questions sent to me at [email protected] Question: What type of accounting software is the best when setting up my small business? … [Read more...]

Ask an Accountant: Last Minute Reminders

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! Some of you may not know due to Emancipation Day, the Tax Deadline has been extended to Monday April 18th. Here are some last minute reminders for those of you who have waited until the last minute. 1. You can still make a 2010 tax deductible IRA contribution until … [Read more...]

Ask an Accountant

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! Question: How do I determine the amount of office space to use for a write off? Answer: A home office is defined by IRS guidelines as "any area of your home used exclusively for business". This means, it cannot serve any other purpose other than business use. If an area of … [Read more...]

Ask an Accountant

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! As we all know, it’s that dreaded time of the year-Tax time! In honor of tax season, I have a new series called “Ask An Accountant”. Send in your tax questions each week to [email protected] and I will post the question and give an answer from an experienced … [Read more...]

Ask an Accountant

This column is brought to us by Sharon from Mom on a Dealz. Madame Deals Inc. uses her husband as our business and personal accountant and gives him 5 stars. He is available for questions and was a pleasure to work with! As we all know, it’s that dreaded time of the year-Tax time! In honor of tax season, I have a new series called “Ask An Accountant”. Send in your tax questions and each week to [email protected] and I will post the question and give an answer from an experienced … [Read more...]

Making Dollars Out of Change: Do You Volunteer?

Do you regularly volunteer?  If so, be sure to keep track of your mileage.  If you itemize your deductions (most homeowners itemize), make a point to check with your tax preparer to determine if the miles driven in connection with your volunteer work are tax deductible. It's not to soon to start thinking about potential tax deductions. Now it’s your turn! If you are a blogger, write a post about your idea for making dollars out of change. It can be on any topic as long as it has to do with … [Read more...]