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Recent posts
- QuickBooks services for version 2010 to be discontinued May 31, 2013
- Top 6 Reasons You Should NOT File for An Extension on Your Tax Return
- Minnesota Slams Turbotax and Other Intuit Products over Tax Filing Software Problems
- Energy Costs Rise as Tax Incentives Fade
- Has Your 2012 Roth-Converted IRA Declined in Value?
- Alarming New IDES Audit Policy!
- Another Tax Scam
- Use QuickBooks’ Tools – and Common Sense Procedures – To Prevent Financial Fraud
- IRS Encourages Taxpayers to Limit Use of “Where’s My Refund”
- Prepared for the New Surtax?
Category Archives: Uncategorized
QuickBooks services for version 2010 to be discontinued May 31, 2013
On May 31, 2013, access to QuickBooks add-on services such as payroll, online banking and QuickBooks email will be discontinued unless you upgrade. Click here for the full QuickBooks support article on this topic. If you are using QuickBooks 2010 … Continue reading
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Top 6 Reasons You Should NOT File for An Extension on Your Tax Return
Well, it’s crunch time. Your return is either done, or you’re scrambling like mad to get the return done, or calling your tax professional with last minute changes. Here is a fun look at the top 6 reasons why you … Continue reading
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Minnesota Slams Turbotax and Other Intuit Products over Tax Filing Software Problems
Yesterday the Minnesota Department of Revenue came out with a warning to taxpayers using TurboTax and other Intuit tax products for their tax preparation to not use their tax filing products due to major problems with their software. You can … Continue reading
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We’ve Been Selected as a Top 25 Accounting Blog!
We’re proud to have been named to The Accounting Degree Review’s list of the Top 25 Accounting Blogs of 2012. Their editors selected their favorite accounting related blogs regularly updated throughout 2012 with knowledgeable, useful, well-written and engaging content. You … Continue reading
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Christmas Cards – Made in U.S.A.
About two years ago I posted about Christmas cards made in the USA. Ever since then, that blog post is, by far, the most visited blog posting I have. So, in order to keep this alive and encourage every one … Continue reading
Reap the Tax Benefits of Education Planning
The tax code includes a number of incentives that, with proper planning, can provide tax benefits while you, your spouse, or your children are being educated. Education Financing – A major planning issue is how to finance your children’s college … Continue reading
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Illinois Extends Small Business Hiring Credit
Due to overwhelming response during the pilot program from small businesses and entrepreneurs from across the State of Illinois, the Illinois Small Business Job Creation Tax Credit Program has been extended. The program will now run from July 1, 2012 … Continue reading
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Welcome Christina Schwallie to SMT & Associates!
SMT & Associates would like to announce the addition of Christina Schwallie to our staff. Christina is a graduate of Loyola University where she received an MBA in accounting and MIS, and of Northern Illinois University where she received a … Continue reading
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Big Changes Coming for Investors in 2013
2013 will bring some big changes for investors, and none of them for the better. Taxpayers affected by these upcoming changes may wish to consider taking actions in 2012 to mitigate the impact of these changes. The following are the … Continue reading
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Top 6 Reasons You Should NOT File for An Extension on Your Tax Return
Well, it’s crunch time. Your return is either done, or you’re scrambling like mad to get the return done, or calling your tax professional with last minute changes. Here is a fun look at the top 6 reasons why you … Continue reading
Posted in Personal Taxes, Uncategorized
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New 2012 IRS Tax Calendars Are Here
I know this might be the most exciting thing to come from the IRS recently…but the new 2012 IRS Tax Calendars for small business and self-employed individuals are available. We have about 10 extra copies so let us know if you’d like … Continue reading
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Record Retention Guide
We’ve just posted our record retention guide on our website. This guide provides a list of what to keep and the length of time to keep it. You can find the guide here. Print PDF
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Form 1099 Reporting Requirements for 2011
One of the areas we see the most confusion concerning reporting compliance among businesses is that of reporting payments made to vendors for services performed for the company. This is also an area where business have the most difficulty in … Continue reading
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Do You Have Any Scary Tax Tales?
We’ve all heard of a scary story someone’s had with the IRS or state department of revenue. Surpise IRS agents at the door, nasty tax bills, audits, relentless IRS agents. So what’s your story. We’d like to hear them. Leave … Continue reading
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9/15/11 Filing Deadline for Corporations and Late Filing Penalties
The filing deadline for filing your corporate income tax return is coming on September 15, 2011. The penalties for not filing your return can be rather steep. Over the years the IRS has taken steps to implementing penalties and, in … Continue reading
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