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
Still shopping for a #taxpro? Give #TaxTherapy a call! Are you thinking of going from doing it yourself with box software to hiring someone to help you? Did your preparer from last year retire? Get indicted? Die? Hey! It happens! Right now we are still taking appointments for potential clients who are evaluating their options.… Read More
Are you ready?! We are. Reminder postcards for returning clients and new clients who onboarded over the summer and fall will be mailed tomorrow. On Monday, Cat will be here to start answering calls and e-mails and getting organizers delivered. The organizer contains our annual engagement letter, a copy of our privacy policy, and an… Read More
The IRS is opening e-filing for business returns soon and e-filing for individual returns will open a couple of weeks after that. Here at Tax Therapy we are about ready to open our season for new and existing clients. Existing clients will receive a reminder postcard and e-mail letting them know that they can call… Read More