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Keeping Track.
Learn how current news and events could impact your bottom line.
Latest Scam Report by the IRS
We always need to be on the lookout for scams. We get hit by phone calls so often it is almost routine. The IRS often alerts subscribers to their newsletters of the latest scam. One scam on the rise involves gift cards. These scammers are...
Tax Treatment for Family Members Working in the Family Business
Many business owners choose to hire family members to help with the business. They do this for any number of reasons. This can work very well if the family members are qualified and willing. Family members generally lower cost labor. I won’t get into all the potential...
IRS Releases New Guidance on Cryptocurrency Trading
Those in the cryptocurrency world have been anxiously awaiting definitive guidance regarding the taxation of virtual currency and until recently there has only been one document and it was pretty limited at best. There have been debates throughout the tax...
The Many Roads the IRS uses to Asses Penalties
Most taxpayers are well aware of the IRS’s power to assess penalties and interest for non-payment of taxes due. What most taxpayers don’t understand is all the potential penalties that may be imposed, nor do they know how these penalties may be abated. The...
Planning for the End of the Year
Those who make quarterly tax payments should know that a payment is due September 15. This is because of the end of the Federal fiscal year on September 30th. This is also a significant time for short-range planning. We will soon be entering the...
What is the IRS Fresh Start Initiative
Anyone who listens to the radio or watches television has heard adds referring to the “new” IRS Fresh Start Initiative. If you were to enter IRS Fresh Start Initiative in a search engine, you would be surprised what you will see in the results. None of the...
Challenges to Small Business from Regulation
Most business owners know that if they are going to produce a product or service there are some, identifiable costs of doing business. These include costs of materials, labor, rent and utilities for the building, and marketing. But are these all the...
Life Changes and their Effects on You
One thing that can be said about life is that it changes constantly. Divorce, death, business closure and many other life changing events happen every day. Many of these events are very emotional. These events also have a hidden potential...
Tax Planning
What is the difference between tax planning and tax preparation? It really is about timing. Tax preparation is the result of a combination of a year’s work and planning or the lack of planning down during the year. In short, planning is what you do...
The Case for QuickBooks Online
Regardless of the size of the business, certain tasks are required. One of the most important is the basic bookkeeping function. Often small businesses hire outside accounting firms to manage this function, which is wise. These relationships work best when...
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What Clients Say
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~ Bill Head, Auto Radio
A business partner who works magic
I have had a wonderful partner in Steve Perry of Books, Taxes & More, LLC allowing me to focus on what I do best. He is the one person I trust to advise me on all tax matters. Over the past several years, Steve has guided my company on a myriad of tax issues. He has consistently helped me document and prepare returns to minimize my tax liability….Read More
~ Stevee Ashlock , President StoneyBrook Productions
Honest and straightforward
This man is a beast when helping people with their taxes. Especially when they put themselves in a bind. His efficiency, knowledge and understanding is what is helping me now. He breaks it down in details for things I don’t understand about IRS. He basically holds my hand and walks me through the process to help me through this difficult time….Read More
~ DeMoris Harper