Podcasts by Tax Insights with Hawkins Ash CPAs
In these lively interviews, Jeff Dvoracheck, CPA, breaks down complex tax topics into bite-size how-to's.
Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota. Learn more at www.HawkinsAshCPAs.com.
Further podcasts by Tax Insights with Hawkins Ash CPAs
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Credit Reports from 2022-02-17T18:30:04
With so much of our information being online these days, the risk of our identities being stolen is higher than it has ever been. Did you know that you can request a free copy of your credit repor...
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Unclaimed Property from 2022-02-10T18:30:07
Most people are aware that they can do an online search to see if the state is holding any funds for them, but today I want to talk about how those funds get to the state. In general, when a busine...
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Filing Electronically and Direct Deposit of Refunds from 2022-02-03T19:00:05
The IRS is dealing with a backlog of work and a lack of staffing. Although the IRS has started processing returns, they are warning that it could be a rocky season. We recommend that anything taxpa...
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Paying Taxes Electronically from 2022-01-27T19:00:04
In the past, the only way to pay your tax was by a paper check. Over the years, other electronic methods became available, but most of them required you to pay a fee. Now the IRS and many states ha...
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Gathering Your Tax Material for 2021 Taxes from 2022-01-20T18:00:14
Now is the time that people are receiving their tax statements for last year. You can expect to see forms like W-2s and 1099s for interest and dividends earned. There are also statements showing ho...
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Fringe Benefits And Form W-2 from 2022-01-06T19:00:12
There are certain benefits that owners of s-corporation get that need to be reported as income and be included on the Form W-2 for the year. This episode covers some of them.
Hawkins Ash ...
Getting Off To A Good Start In 2022 from 2021-12-30T19:00:02
Along with the new-year comes New Year resolutions. If you are looking to make 2022 better than it was in 2021, starting off on a good note is important. That might mean putting money into retire...
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Timing of Year-End Business Expenses from 2021-12-23T19:00:16
As we get closer to the end of the year, many businesses are looking to get those last-minute expenses on the books so they can deduct them for tax purposes. No matter how a company accounts for i...
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Tax Show 2 1216 Build Back Better Zretirement Plan Changes from 2021-12-16T21:00:10
There has been a lot of talk about the Tax legislation going through Congress. It's called the Build Back Better Act. This legislation has already gone through the House and is now on its way to th...
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Build Back Better Income Taxes from 2021-12-09T18:15:02
There has been a lot of talk about the Tax legislation going through Congress. It's called the Build Back Better Act. This legislation has already gone through the House and is now on its way to th...
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Meals And Entertainment from 2021-12-02T22:03:32
Back in June, we did a show on the new meals and entertainment rules. There has been some recent guidance on this issue that I want to discuss today.
Hawkins Ash CPAs is a full-servic...
Making Charitable Donations from 2021-11-18T19:30:09
For many giving to charity is more important than the deduction, but why not get the benefit if you can. Here are the ways to make charitable contributions and get a tax deduction for doing so.
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Form 1099s from 2021-11-12T18:15:01
As a business owner, you're most likely aware that you are required to send Form 1099s to your vendors and that your customers may be required to send them to you. Any Form 1099s that you are requi...
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Self-Employment Tax from 2021-11-04T19:00:04
If you operate your own business, whether it be with Etsy, Uber, Eat Street or any business, you might be surprised to find out that there are additional taxes that you may have to pay on your inco...
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IRS Bank Monitoring - Tax Insights Podcast from 2021-10-28T19:30:04
One of the items being discussed in Washington is to have banks report to the IRS anytime a person has transactions of over $600 in their bank account. This would be a new reporting requirement, b...
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Worldwide Income from 2021-10-14T18:00
This week we talk about reporting foreign income and values to the IRS. A taxpayer is taxed on their worldwide income. It's important to know that the IRS looks at all of your income, but not all i...
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Foreign Income And Account Reporting from 2021-10-07T19:00:07
As a US citizen with foreign accounts that produce foreign income, you should remember that you are taxed on your worldwide income. There is no hiding of assets or income in other countries to avoi...
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Income Tax Brackets from 2021-10-03T17:30:10
Many small business owners report their business income on their personal returns, these increases in tax rates may affect them. It's important to make sure you understand how tax brackets work.
Backdoor Roth IRA from 2021-09-16T19:00:06
Currently, it looks like the tax rate will be going up, especially for those in the higher brackets. If rates are expected to be higher when you retire than what they are now, Roth IRAs should be a...
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Business Tax Planning in 2021 from 2021-08-31T15:40:58
As we move into the 4th quarter now is the time to begin to look at tax planning for 2021. With the potential for big changes in Washington, this may be the year to do tax planning a little differe...
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How the Child Tax Credit Will Affect Your 2021 Return from 2021-08-13T19:00:16
Back in March, we talked about changes to the Child Tax Credit for 2021. Those checks and deposits started to arrive in July. On today’s show, I just want to make sure parents/guardians know how ...
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Employee Retention Credit And PPP from 2021-07-29T20:00:11
A common question we receive is what do tax accountants do in the summer. You would be surprised how busy our summers are. This summer, we are doing a lot of work with the Employee Retention Credit...
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Employee Retention Credit And PPP - Tax Insights Podcast from 2021-07-29T20:00:11
A common question we receive is what do tax accountants do in the summer. You would be surprised how busy our summers are. This summer, we are doing a lot of work with the Employee Retention Credit...
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Research and Development Tax Credit, Part 3 - Tax Insights Podcast from 2021-07-22T19:00:01
In this episode, we go more in depth about some different aspects of the research and development tax credit including how to quantify the research being done and the basics of the credit calculati...
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Research and Development Tax Credit, Part 2 - Tax Insights Podcast from 2021-07-15T19:00:06
In this episode, we’ll go more in-depth about some different aspects of the research and development tax credit including what is considered research by the IRS.
In these lively interviews...
Research and Development Tax Credit, Part 1 from 2021-07-08T19:00:12
When people think of research and development, the first thing that comes to mind might be a person in a white coat in a laboratory. However, what if I told you that the IRS thinks of research in a...
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American Opportunity Tax Credits Planning from 2021-07-01T19:00:10
Last week, we talked about the basics of the American Opportunity Tax Credit. If you want to hear that show, just go to our website it is posted there. This episode breaks down some important plann...
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American Opportunity Tax Credits from 2021-06-24T19:00:19
Even though most students have just started summer break, the fall semester will be here before we know it. In this episode, Jeff talks about the American Opportunity Tax Credit which can help offs...
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Step-Up In Basis And The Biden Plan from 2021-06-17T19:00:29
There is a lot of talk in Washington about the American Families Plan that is being proposed by the Biden administration. In reality, there are parts of that plan that will not see the light of day...
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Estimated Taxes And Penalties from 2021-06-10T18:30:03
As a business grows, cash flow can be an issue. But as a business grows, so does the potential tax bill at the end of the year. This episode covers how businesses pay their taxes and things that mi...
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Meals For 2020 - 2022 from 2021-06-04T19:15:01
Taxpayers may only deduct 50% of the cost of food and beverages. The 2021 tax bill removed some of the limitations for expenses incurred in 2021 and 2022. In this episode, we talk about the IRS rec...
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IRS Automatically Correcting Returns from 2021-05-27T18:30:03
Now that we are past May 17th, the tax filing season is not done. There are still a lot of people who extended their returns and now have until October 15th to file. But as people file their retu...
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What Millennials Need To Know About Cryptocurrency from 2021-05-20T19:15
Many of the younger people that are investing in Cryptocurrency may not know how the taxes work. In this podcast, we talk about cost basis and gains and losses, but even these concepts are not as ...
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The Latest On Cryptocurrency from 2021-05-13T18:00:06
You can tell something is on the IRS radar when they actually put a question on the tax return to remind people to report the gains from such transactions. Beginning last year, the IRS asked a ques...
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Restaurant Revitalization Fund (RRF) from 2021-05-06T19:00:10
The American Rescue Plan that was signed into law in March included a number of provisions that are now being implemented. In this episode, Jeff talks about another one – the Restaurant Revitaliza...
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Child Tax Credit from 2021-04-29T19:30:02
In the old days, rental of your personal residence was mainly done for properties on a nice lake, a warm climate, or a resort area. Now with Airbnb, people everywhere are renting out their homes. ...
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Vacation Home Rental from 2021-04-22T21:08:57
In the old days, rental of your personal residence was mainly done for properties on a nice lake, a warm climate, or a resort area. Now with Air BNB people everywhere are renting out their homes. ...
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It's April 15th! (Tax Day Episode) from 2021-04-15T19:00:16
It's another year and another Tax Day. Just when you thought it couldn't get crazier, it did. Last year it was COVID, PPP, EIDL loans, and COVID sick pay. This year it's a tax law changing right in...
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Tax Information For Investors from 2021-04-08T13:30:01
If you are trading on the increasingly popular trading platforms like TD Ameritrade, Scwab, Vanguard, and Robinhood, it’s important to know the tax implications on your portfolio—especially when yo...
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Medical Expenses from 2021-04-05T16:00:30
With the low rate of taxpayers who itemize and the even lower amount of people who have enough medical expenses to get over the 7.5% hurdle to make any of them deductible, there are very few people...
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Child And Dependent Care Credit from 2021-03-25T12:44:59
With the expansion of the Child and Dependent Care Credit for 2021, Jeff explains what expenses count for this credit, who is eligible, and how this credit is calculated.
In these lively i...
Unemployment from 2021-03-18T15:30:03
With over 40 million people who received unemployment benefits this year, many people are surprised to find out when they do their taxes that this is taxable income. This episode talks about the ch...
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All You Wanted to Know About the Third Round of Recovery Rebates from 2021-03-11T14:45:08
The Senate has passed the American Rescue Plan Act 2021, which includes a new round of direct stimulus payments to individuals. This episode provides an in-depth look at what you can expect from th...
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Legislative Updates from Federal and Wisconsin from 2021-02-23T15:49:45
Tax laws have changed a lot in the last two years and they continue to change by the minute. It’s time for an update on some tax bills that may become law soon. This episode tackles how Wisconsin s...
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Employee Retention Credit from 2021-02-16T14:44:54
Many employers continue to feel the impact of the pandemic. As the effects have continued into 2021, the government has issued new legislation to help businesses. As part of the tax bill signed in ...
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Identity Theft from 2021-02-08T17:56:01
Whether it be by you giving out your private information, breaches of data, or the dark web, there is a lot of information out there that will let scammers get into our personal lives. This episode...
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State Taxes and PPP Loan Forgiveness from 2021-01-27T18:14:50
If you live in Wisconsin, one of the surprises from the last week or so is how the state is planning to treat the PPP loan forgiveness. We thought initially that it would not change taxable income...
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Individual Tax Return Extenders from 2021-01-13T19:02:36
The tax bill signed in late December included a number of items that will affect individual tax returns. This episode of our Tax Insights podcast provides a look at several of these tax extenders.
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Numerous Payroll Benefits to Employers with Recent Legislation from 2021-01-05T22:47:17
If you do payroll for your company or you are a payroll professional, January is always a little more stressful. Not only do you need to do your normal quarterly reports, you also have to do your y...
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COVID-19: PPP2 and Changes to PPP from 2020-12-31T15:35:48
As we close out 2020, there are terms that were never used and now are commonplace—words like social distancing and contact tracing. But another term that did not exist last year was PPP. Now every...
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COVID Relief Legislation: Stimulus Checks and PPP Expense Deduction from 2020-12-28T19:32:28
Congress passed and the President signed a tax relief package that has a lot of moving parts which include stimulus checks, changes to the Paycheck Protection Program (PPP), a new round of PPP loan...
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Year-End Tax Planning Tips for Businesses from 2020-12-17T15:31:04
There are a lot of ways to save taxes this year, but those same ideas may save you more in the future. Considering the Biden tax plan increases, the goal of tax planning is not always to pay the lo...
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2020 Year-End Tax Planning Tips from 2020-12-11T20:49:33
As we get to the end of the year, of what seems like the longest year ever, there are things that you can do before December 31 to save taxes.
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The Latest on PPP Loan Expenses from 2020-12-11T20:45:36
Late in November, the IRS re-affirmed that PPP expenses are not deductible and they issued guidance on how to treat the PPP expenses if the expense is incurred in a different year than forgiveness ...
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No Politics, Just Facts: Biden's Tax Plan Decreases from 2020-11-20T15:20:53
In the last episode, we started to look into the Biden tax plan by reviewing expected tax increases. If you missed it, you can listen on our website or with Apple Podcasts. This episode looks at ...
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No Politics, Just Facts: Biden’s Tax Plan Increases from 2020-11-12T17:32:27
This past week, the national news networks have declared Joe Biden the next President of the United States. And although Donald Trump would beg to differ, let’s assume the networks are correct. O...
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When to Apply for PPP Loan Forgiveness from 2020-10-29T14:37:04
A couple of weeks ago, we talked about the new PPP loan forgiveness application for businesses with loans under $50,000. This podcast provides an update as it may be time for companies to start th...
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COVID-19: WEDC Small Business Grant Phase 2 - October 22, 2020 from 2020-10-13T20:13:42
Many people have said during the COVID-19 pandemic that "We're all in this together." Well, for many small business owners in Wisconsin, there is a grant using the name "We’re All In Small Business...
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COVID-19: PPP Loans Under $50,000 - October 15, 2020 from 2020-10-13T20:11:17
The latest PPP (Paycheck Protection Program) loan forgiveness form is for the new guidance issued by the Treasury Department and Small Business Administration (SBA) on October 9, 2020. This new gui...
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2019 Tax Filing Deadline: October 15, 2020 - October 8, 2020 from 2020-10-09T18:50:08
A final reminder to people who have not yet filed their 2019 individual tax returns: They are due on Oct. 15, 2020!
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COVID-19: Paycheck Protection Program (PPP) Updates for October 2020 - October 1, 2020 from 2020-10-01T14:38:05
Although there are still many unanswered questions and uncertainty regarding the Paycheck Protection Program (PPP), guidance issued within the last couple months is starting to refine the loan forg...
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Health Savings Accounts: An Overview from 2020-09-24T16:42:49
The tax benefits of Health Savings Accounts (HSAs) apply to a wide range of age groups and income levels. With the tax law changing over the last few years, most taxpayers are now taking the standa...
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The Child and Dependent Care Credit from 2020-09-17T18:30:28
As the cost of childcare continues to increase, more and more parents and guardians are looking for ways to reduce this cost. This credit can help. Learn more about who is eligible, what expenses d...
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Wisconsin Veteran and Military Tax Benefits from 2020-09-10T17:51:24
From a combat pay exception to a property tax credit in the state of Wisconsin, some of the benefits of being in or retired from the military are really helpful when it comes to doing one’s taxes a...
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COVID-19: Social Security Payroll Tax Deferral Updates - September 4, 2020 from 2020-09-04T17:32:50
On Aug. 8, 2020, the President signed four executive orders. One of those orders was to defer certain Social Security payroll taxes until the end of next year. Find out more about this deferral, in...
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Paying Your Taxes Electronically from 2020-08-27T15:05:51
In the past, one of the only ways to pay taxes was via paper check. But now the IRS and many states have found ways to pay taxes electronically without any fees. Listen in to learn more about advan...
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Steps to Starting a Business from 2020-08-20T15:25:34
Whether contemplating the launch of your own business or already starting out, surrounding yourself with a good team is key. Attorneys, accountants and bankers are some of the people who can help a...
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Tips for Finding a Trusted Advisor from 2020-08-13T17:36:50
Being a business owner is not an 8 to 5 job. You have to focus on everything from customers and vendors to making and shipping products—as well as accounting work. Teaming up with a trusted advisor...
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The American Opportunity Tax Credit from 2020-08-06T15:15:16
For students heading back to school, one of the most popular college tax credits available right now is the American Opportunity Tax Credit (AOTC), an annual credit up to $2,500 per eligible studen...
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Minimum Required Distributions in 2020 from 2020-07-30T16:13:25
Catch up on some of the changes that have happened this year about required minimum distributions and how they are calculated—including the new minimum requirement distribution age of 72.
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Explaining Early Distributions from IRAs from 2020-07-23T19:00:54
IRAs and other retirement accounts are really designed for, well, retirement. But in these trying times, there are circumstances that dictate the need to take out those funds early, for that "rainy...
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To Gift or Not To Gift from 2020-07-16T17:44:16
When it comes to making gifts—either to family or non-family members—there are a lot of things to consider, including some gifts that may have tax consequences. Listen in to learn more about giftin...
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The Ins and Outs of Inherited IRAs from 2020-07-08T18:16:11
If you inherit an IRA, the income that you receive from that may be taxable to you, and those inherited IRAs are subject to distribution requirements that depend on what your relationship was to th...
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The Tax Impact on Receiving an Inheritance from 2020-07-01T17:27:37
As baby boomers continue to get older, it is likely that—within the next decade—we could see a wealth transfer to the next generation. For those starting to work through this transition, the number...
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COVID-19: Preparing for the Tax Filing Deadline: Things that You Can Still Do Before July 15, 2020! from 2020-06-22T17:30:18
As we get closer to the July 15, 2020, tax filing deadline, there are still a number of things that can you can do to reduce your 2019 taxes, including contributing to IRAs, other retirement plans ...
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COVID-19: Save the Date: The Tax Filing Deadline is Coming Up on July 15, 2020! from 2020-06-18T17:13:55
If you have not filed your tax return as of yet, those returns are going to be due in less than a month on July 15, 2020. Find out what happens if someone cannot file before then, and why you might...
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COVID-19: Welcome PPP Changes - June 9, 2020 from 2020-06-17T15:26:38
In a welcome change for many business owners, Congress passed and the President signed what is called the Paycheck Protection Program Flexibility Act. This legislation actually makes it easier for ...
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The Gig Economy and You from 2020-06-11T15:23:40
Today, people working in the gig economy (or "side hustle") are doing more than just getting that traditional second job. They are self-employed, for the most part, and all of that income still has...
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COVID-19: PPP For Sole Proprietors - May 28, 2020 from 2020-06-02T18:37:15
There has been a lot of talk about the Paycheck Protection Program (PPP), and although there is a lot of information out there, many small businesses have not even looked into the program. If you h...
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COVID-19: More on PPP Loan Forgiveness - May 20, 2020 from 2020-05-21T19:32:52
On May 15, 2020, the Paycheck Protection Program (PPP) loan forgiveness application was released. While there are still a lot of unanswered questions, this document starts to clear things up. Here ...
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COVID-19: Unemployment and Unexpected Taxes—Plan Ahead! - May 12, 2020 from 2020-05-14T16:07:30
As of the end of April 2020, there were 23 million Americans who are out of work and most of them are applying for unemployment. If you are receiving benefits, here are some things to look out for ...
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COVID-19: PPP Loan Forgiveness Updates - May 5, 2020 from 2020-05-06T19:50:59
Although final guidance has not yet been issued, we are continuing to learn a lot more about the loan forgiveness aspects of the Paycheck Protection Program (PPP). Here is what we know as of May 5,...
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COVID-19: The CARES Act and Leasehold Improvements - April 28, 2020 from 2020-04-29T19:15:02
One of the welcome corrections from the Coronavirus Aid, Relief, and Economic Security (CARES) Act was the return of the 15-year depreciation on Qualified Improvement Property. Here is what we know...
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COVID-19: The Employee Retention Credit Explained - April 21, 2020 from 2020-04-22T16:21:05
Learn the basics of the new Employee Retention Credit, including how it is calculated, which wages qualify, how businesses can expect to receive their credit and more. Here is what we know as of Ap...
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COVID-19: What is the Economic Impact Payment? - April 14, 2020 from 2020-04-16T16:39:27
Find out more about the new Economic Impact Payment in this overview: Who is and is not eligible to receive it, how much you might be able to expect to receive and when. Here is what we know as of ...
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COVID-19: The Economic Injury Disaster Loan: An Overview - April 7, 2020 from 2020-04-08T18:00:29
The Economic Injury Disaster Loan (EIDL) is a low-interest federal loan to help small businesses and private nonprofits that are experiencing hardships because of COVID-19. Here is what we know as ...
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COVID-19: The Paycheck Protection Program: An Overview - April 1, 2020 from 2020-04-02T15:29:14
The Coronavirus Aid, Relief, and Economic Security (CARES) Act's new Paycheck Protection Program (PPP) is one relief option for businesses with less than 500 employees. Here is what we know as of A...
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COVID-19: Tax Extensions and Paid Leave - March 24, 2020 from 2020-03-24T16:15:57
We fully understand the impact the next several weeks will have on your business. We are monitoring legislation and will provide insights with you as developments occur. This podcast covers federal...
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Special Report on Coronavirus - March 18, 2020 from 2020-03-18T20:26:34
At Hawkins Ash CPAs, we will continue to monitor the news and official government directives and make changes to policies based upon facts as they arise. This podcast addresses some of the legislat...
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An Overview of Virtual Currency from 2020-03-17T16:29
What exactly is "virtual currency" and how has the IRS become more involved throughout the years? This podcast not only provides an overview of the cryptocurrency trend, but also explains why it is...
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Is Becoming an S Corporation Right for Your Business? from 2020-02-28T17:33:28
When a business is small, it may make sense to be a sole proprietor. But as the business grows, you may get some significant tax savings by changing the entity to an S corporation. Listen in to lea...
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The Self-Employment Tax and Your Business from 2020-02-28T17:24:59
Business owners pay two levels of tax: The income tax and the self-employment tax. In this podcast, find out more about the self-employment tax, as well as some options that might help to reduce th...
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Home Office Tax Deductions That Could Save Your Business Money from 2020-02-28T17:07:13
Are you a small business owner with a home office? This podcast addresses some of the most commonly asked questions regarding home expenses that are incurred because of your business—and tax deduct...
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When It’s Time to Move On: Taxes and the Sale of Your Principal Residence from 2020-02-06T16:03:36
Whether you’re downsizing, upsizing or retiring, there comes a point in time or age that you have to sell your home. But how do taxes work with the sale of your principal residence? This podcast ou...
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The Saver’s Credit: Helping You Save for Retirement from 2020-01-31T20:10:18
Do you have a plan for retirement? Whether you are a married couple or single, find out more about the Saver's Credit and the possibility of helping you set aside extra dollars for the years ahead.
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Planning for Year-End Spending Package Extenders from 2020-01-16T17:53:56
From extensions for individual and business expenses—including the Work Opportunity Tax Credit—to a change in the kiddie tax, catch up on some of the latest laws and updates.
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SECURE Act: Part II – Do the New Distribution Rules Affect You? from 2020-01-16T16:13:03
What happens to 401(k)s and IRAs after someone passes away? The SECURE Act outlines some new distribution rules that might affect you.
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SECURE Act: Part I – New Rules for 401(k)s and IRAs from 2020-01-16T15:15:43
Signed in December 2019, the SECURE Act made a number of changes to 401(k) plans, to Individual Retirement Accounts (IRAs) and to help smaller employers set up their own plans.
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Adoption Tax Credit from 2020-01-03T17:23:49
Did know the IRS will offset some of the costs by giving people a tax credit? For adoptions finalized in 2019, the new parent can claim a credit of around up to $14,000 per child. In this podcast, ...
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Retirement Funding, College Funding, Wills--What's on Your To-Do List for 2020? from 2019-12-13T19:24:58
It’s crazy, but we are at the end of the year. When you think back at the resolutions you made at the beginning of the year, how many did you accomplish? What are your 2020 resolutions? Today I ...
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The Child and Dependent Care Tax Credit from 2019-11-27T19:54:45
As the cost of day care continues to increase, did you know that there is an IRS credit that may be able to offset some of the expense? It’s called the Child and Dependent Care Credit. Learn more ...
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Multi-Level Marketing Company--The Tax Considerations Independent Sales Reps Need to Know from 2019-11-14T19:15:43
In this day in age, it’s hard to go a day to not see someone who is selling a product for some type of multi-level marketing company, or what we call MLM. Being part of a MLM can bring some interes...
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Paying for College: The American Opportunity Tax Credit from 2019-10-11T14:25:35
Education tax credits can offset some of the costs for college expenses. There are two main credits – the American Opportunity Credit and the Lifetime Learning Credit.
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Paying for College: The American Opportunity Tax Credit-Continued from 2019-10-11T14:25:32
Education tax credits can offset some of the costs for college expenses. There are two main credits – the American Opportunity Credit and the Lifetime Learning Credit.
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Paying for College: The Lifetime Learning Credit from 2019-10-11T14:25:26
Education tax credits can offset some of the costs for college expenses. There are two main credits – the American Opportunity Credit and the Lifetime Learning Credit.
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Credit for Setting Up a Retirement Plan from 2019-09-27T15:20:02
If you are a small business looking to retain employees, the benefits you offer can be the difference between keeping a good employee and losing them. If you do not offer a retirement plan for your...
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Disabled Access Credit from 2019-09-11T20:47:53
As business get more and more competitive, owners are making improvements to their product and premises. As these improvements are made, did you know that some of them may be eligible for a tax cr...
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Work Opportunity Tax Credit from 2019-08-28T18:16:51
With the unemployment rate as low as it has been in the last 50 years, employers know how difficult it is to hire qualified employees. Did you know that the IRS has a federal tax credit for hiring ...
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The Zero Percent Tax Bracket from 2019-08-14T20:05:36
Last episode we talked about how $1 of additional income could cost you tens of thousands of dollars. This week I want to go the other way. I want to tell you how you can add income to your return ...
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The Affordable Care Act Cliff from 2019-07-30T20:37:12
As more and more people go onto the Health Care Marketplace to get their health insurance, they need to mindful of the cliff that can mean paying back tens of thousands of dollars of health insuran...
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Form 1095: What Employers Need to Know from 2019-07-17T16:38:08
The Affordable Care Act of 2010 brought some additional recording requirements with it for certain businesses. To discuss this I invited Greg Kenworthy, who heads up the form 1095 reporting area of...
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Roth vs Traditional IRAs or 401(k) from 2019-07-09T20:08:13
As we talked about last week, many taxpayers had their tax bill go down even though they saw less of a refund. With tax reform bringing rates down to levels that we have not seen in a while, we al...
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Tax Refund or Tax Due This Year: A look back and what to plan for going forward from 2019-06-25T17:15:14
Now that April 15th has passed, you have seen first-hand how the new tax bill affected your taxes. With so many moving parts, tax reform affected people in many different ways. For the most part, ...
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Airbnb and Your Taxes from 2019-05-31T17:05:42
Renting out your personal residence as a vacation rental on Airbnb or another site will affect your taxes. Learn more about the impact in this podcast.
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Required Minimum Distributions from 2019-05-18T02:35:58
Most retirees know that when they reach the age of 70 ½, they may have to start taking distributions from their retirement accounts. Notice I said may – most people think this is must. There are ...
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Cash vs. Accrual Basis: What type of accounting is right for your business? from 2019-05-06T06:09:27
Listen in to learn more of what cash vs. accrual basis is and its background.
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Roth Strategies and Conversions from 2019-04-10T19:39:34
Although Roth IRAs have been around for 20 years, people still have not used them to their maximum benefit. Roth IRAs allow individuals to contribute after-tax money, get tax free (not deferred) e...
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Kids Wages/Business and Retirement Plans from 2019-03-25T18:22:53
Kids Wages/Business and Retirement Plans by Tax Insights with Hawkins Ash CPAs
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Where's My Refund from 2019-02-27T21:04:08
As we get into the middle of tax season, returns are being filed and refunds are issued. But did you know that there are factors that can affect the timing of your refund?
Learn about the...
Pre-Tax Deductions for Employees from 2019-02-18T17:49:03
When a young person gets a job for the first time, it amazes them how much comes off in taxes. They make $10 per hour and work 20 hours per week. They expect to get a $200 paycheck, but instead t...
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Parking Lot Regulations from 2019-02-05T18:59
On December 10, the IRS published a notice which detailed how the IRS planned on implementing the part of the Tax Cuts and Jobs Act for “qualified parking” benefits to employees. As the rules are ...
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Form 1099s: Requirements and Exceptions from 2019-01-23T15:44:50
As a business owner, did you know that you might be required to send Form 1099s to your vendors and that your customers may be required to send them to you?
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529 Plans and Saving for Education from 2018-10-10T19:09:55
According to the Wall Street Journal, the average college graduate has student loan debt of over $37,000, and as a group, the Federal Reserve Bank of New York says the amount is over 1.3 trillion d...
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You Have Received an Inheritance – Now What? from 2018-10-10T19:04:53
You Have Received an Inheritance – Now What? by Tax Insights with Hawkins Ash CPAs
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Ways to Save for Retirement from 2018-10-10T19:04:50
Whether you are an employee or you own your own business, retirement plans can be the best way to retire with dignity. With fewer companies offering pensions, it is really important that we save o...
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