Update: If you are reading this after you got my e-mail I just realized I forgot to update the subject line of the e-mail. Same name. Same website. 🙂 This post is mainly for clients to let them know what I will be working on this week in the office. The window for filing amended… Read More

Yesterday I was in a two-hour class that felt like I was drinking from a fire hose. I sort of had a meltdown (OK, maybe not sort of) and I just had to go home. Today is better. I realized that right now is a lot like then end of 2018 and early 2019 when… Read More

OK. That may be understatement. I have never had to learn this much tax law on the fly and during the height of tax season. A tax season that, at least in my office, started woefully late. Many clients didn’t make getting their documents into the office a priority until “the virus issue” had already… Read More

Come Monday—it is still not alright. But I am in the office processing returns and I will be available by phone, Zoom, or e-mail if you have questions. I know a lot of you have questions. I did send out a detailed e-mail (via Constant Contact) about the stimulus payments and expect to send out… Read More

Well I did not blog yesterday, nor did I make it into the office. I woke up around 7:00 figuring I was going to take a walk and head in. Alas, the universe had other plans. Woke up to a flooded entryway, laundry room, kitchen, garage. Hot water tank had broken and water was pouring… Read More

I’m at work again. Getting a lot done. And legally. The latest update from the NM Department of Health lists “professional services” that “assist in legally mandated activities” (like preparing tax returns) as essential. That’s good. I don’t have to feel like such an unrepentant scofflaw. Why unrepentant? Because church services are still not considered… Read More

Yesterday, New Mexico Governor Michelle Lujan Grisham issued a stay at home order for all non-essential businesses. It appears that Tax Therapy is considered non-essential. Unfortunately, the landlord at my office does not consider my rent payments non-essential and many of my clients don’t consider their tax refunds non-essential either. Of course many of those… Read More

In this classic post I explain what “all those letters mean” including CPA. Many people use CPA as a generic term for accountant, bookkeeper, and tax professional. Let me assure you CPA is not a generic catch all and the CPA credential involves some heavy lifting to get and to maintain. This post from Powerful… Read More

I recently read that 95% of small businesses fail within the first 5 years due to either bad management, under capitalization, or some combination of the two. Tax issues for small business owners have the same roots. Bad record keeping is often a sign of bad management. Mileage is one of the most highly scrutinized… Read More

I mentioned in the last post and the one before that that during tax season we require a non-refundable deposit at the time of your intake appointment. Some of you may be wondering why we do that. The short answer is that one tax season I got burned by several “clients.” They came in during… Read More