11/28/2010 The Small Business Jobs Act of 2010, passed on September 27, 2010 offers new and extended tax assistance for America’s small and self-employment businesses. I will be posting a number of blogs covering the highlights. Here is the first: The new act promises simplification of record-keeping rules for business cell phone use. YAY!… I… Continue Reading
19755 East Pikes Peak Ave, Suite 101, Parker, CO 80138
Author Archives: Kathy Zaffore
New Landlord Law – 1099s for Service Providers
UPDATE 2011 – GOOD NEWS!!! THIS WAS REPEALED!!! DISREGARD!! I AM LEAVING IT POSTED SO YOU WILL KNOW IT WAS REPEALED – Best, Kathy 12/05/2011] 11/17/2010 The recently enacted Small Business Jobs Act promises some tax relief for America’s small businesses, but hidden in its recesses is an overlooked item that impacts you, if you have rental… Continue Reading
Fix the Deficit-You Can Do It!
11/16/2010 The New York Times has posted a nifty interactive tool that lets you try your hand at fixing the deficit. OK, it doesn’t offer infinite options, but it does challenge you to think about what you WOULD CUT or change if you were Queen of the Universe (or King)(or Caesar, whatever you like). I… Continue Reading
Roth Conversion Update – Can You Convert 457 or 401k funds?
03/11/2010 We had a great question yesterday from a client who is a firefighter and has two 457 plans in place. These are plans that are similar to 401ks but are in the governmental and non profit sector. In our client’s case, one plan is with a former employer. The other plan is with his… Continue Reading
Vacation Rental – Tax Rules and Benefits
03/10/2010 My friend Lee, a sports fanatic, traveled with a gang of his golfing buddies to the Masters’ in Augusta, Georgia. They rented a suite of rooms in a private home in the tony country club community and lived like rich guys for a week. It cost a fortune, but all agreed that it was… Continue Reading
BIPARTISAN TAX FAIRNESS AND SIMPLIFICATION ACT OF 2010 – MOVING IN THE RIGHT DIRECTION?
02/28/2010 Show of hands, please – how many people out there are NOT in favor of simplifying tax law? Ah, just as I thought, not one hand went up. Not even mine and I make my living on the complications of tax law. We haven’t seen a real effort in Congress to simplify tax law… Continue Reading
MUNI BONDS – Chapter 9 Bankruptcy of Municipalities
02/18/2010 In these perilous economic times, we toss around terms related to bankruptcies – Chapter 7, Chapter 11, Chapter 13. But honestly, who has heard of Chapter 9? If you hold municipal bonds in your portfolio, Chapter 9 could be looming on your investment horizon. Chapter 9 – horror of horrors – is reserved for… Continue Reading
Sierra – Farewell
02/18/2010 Sierra died yesterday. She arrived in the neighborhood eight or nine years ago – a happy stray looking for a forever home. We made eye contact and she moved in immediately. Over her tenure as chief dog in our household and office, she tirelessly greeted clients as old friends, showed great discretion (she loved… Continue Reading
HOW LONG SHOULD I KEEP TAX AND FINANCIAL RECORDS? IS FOREVER AN OPTION?
02/03/2010 In December and January, we purged files, tossed out old books, cleaned down to the crevices in all the office nooks and crannies. The shredders ran steadily. All of us at Zaffore CPAs have a whole new lease on work life – it feels great to get the clutter GONE. It clears the cobwebs… Continue Reading
TAKE A SPIN AROUND 2010 WITH JWT’S TREND LIST – and think “HMMMMM”
01/28/2010 http://02a6614.netsolhost.com/production/jwti2010_MAIN_03.html This is cool and fun and yes, a little scary. Take a look at the graphic on the web site listed above. It has 100 tiny photos on it and if you drag your cursor around, you will find thumb nail sketches of things that will impact us in the next year per… Continue Reading