April 2010

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The Artisan CPA?

April 7, 2010 by thriveal | 5 comments

Adam Behringer (of Bee Docs Timelines) explains really well in this post what it means to enjoy and create artisan products. It hit home with me. It seems I strive to be an artisan CPA. What do you think?

Ask Bee Docs: Artisan Software from BEEDOCS on Vimeo.

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Tuesday Tax Time: The “What if I Can’t Pay My Taxes?” Edition

April 6, 2010 by thriveal | No comments

: Image by theblog via Flickr

There have been a number of clients that have asked this year, “What if I can’t pay my taxes?” What are your options?

In a down economy there are those who have tax burdens they can’t pay. Even if they had high incomes. It could be that they needed large amounts of retirement just to survive. And that extra cash pulled out of retirement kicks them into a higher tax bracket… without the cash coming in to afford the tax bill on April 15th. What do you do?

Let’s have some fun, so we’ll do this in “threes”… here is what you do:

1. Don’t hide dude

2. Pay state first

3. Can’t extend payment

4. Get payment plan

5. Ask for relief

6. File an OPA

7. Send me notices

8. Pay estimates now

9. Set aside cash

10. Up your withholding

Now wasn’t that fun?