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A side business

It is always refreshing when a client not only listens to me, but is able to profit from it as well.  I just met with a client this weekend that has been dabbling with a side business.  This last year he made decent revenue and outsourced the projects and kept the...

Business Owners and Unemployment

I was talking to someone I know who recently had to close their business.  Luckily for me they were never a client of mine, unfortunately for them they were not. I had inquired whether they had filed for unemployment benefits yet.  I was informed that they were never...

Drug Revenue

The states are continuing to eye the marijuana industry (heroin second, crack third, cocaine fourth) as an additional source of new revenue.  This, despite the fact that there are federal laws in place against marijuana possession. In November, Colorado voters may...

I love a mystery.

I love a mystery.  I have a client that is using a quote from G.K. Chesterton and I asked if he liked his work., unfortunately the client liked the quote but was unfamiliar with the author of Father Brown, The Napoleon of Notting Hill and the Club of Queer Trades. But...

The taxable cloud

In an ongoing search for state revenue under every rock and crackpot idea.  Some now believe that they can tax cloud computing services, no matter where they’re located? Utah is the first to try this approach, so others are likely to follow. A recent tax code change...

The 1099-DIV

In the following case a taxpayer decided to disregard a 1099-DIV. The investor owned stock in several publicly traded Canadian companies and received the actual dividends. Although the 1099-DIV’s were received by the taxpayer from each corporation saying the payouts...

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