WHERE IS MY REFUND.......?!

"MyTaxReturn" is a free mobile app that gives you the option to track the status your tax refund!

You can also log on to IRS.gov to view your refund status.....

Start-Ups Getting Fined

Thirty-Three percent of start-up companies are getting fined for the same reason. Running a business 

can be very stressful. One-third of all small-business owners get payroll penalties every year. The

 number one problem for many small-business owners is them doing their payroll manually. About

 46% don't have an accountant. Doing their payroll manually means that they don't always comply 

with all of the various state, local, and federal requirements. There are many tax codes in the U.S

which many of them change frequently. To protect your business from payroll fines, most 

importantly try not to handle your payroll on your own and stay on tract with changing tax laws. 

For Chiropractors!!!

Top 5 Reasons Why Chiropractors Consistently Overpay Income Taxes:

1. Choose the right entity: Most chiropractic offices would b taxed-advantaged to operate as either an S-Corporation or an  LLC that is taxed like a corporation. Partnerships are not as tax effective and sole proprietors have the highest IRS audit rate and the lowest ability to operate efficiently. Most sole proprietors realize a 30-50% decrease in tax liability simply by converting to a corporate form.

2. Not Understand tax planning techniques: Knowing how to get the most benefits out of your correct entity. You are an expert in the Chiropractic field. Now you need an expert to help you navigate the Internal Revenue Code to develop the best tax plan that will integrate clinic operation with your goals and individual circumstances.

3. Not properly classifying and documenting income and expenses: Just like invoicing your patients; bills and expenses must be properly documented for maximum return potential. This is really no different than how you handle your business. If you adjust, but do not classify the service correctly or document accurately, will not get paid. The same adjustment classified and documented accurately will get paid. The ability to deduct a private school, children's braces or a new Mercedes also depends upon classification and documentation. Talk to a tax expert to learn the rules and how to benefit from them.

4. Relying on tax accountant: Money Magazine sent out a hypothetical tax return to 46 accountants and received 46 different amounts due for the same return. Taxes due were from $36,320 to over $94,000.During tax season accountants prepare on average over 6 returns a day. They are solely relying o yr Profit/Loss statement; which does not provide them the full price of your circumstances.Take the time to build a relationship wit a tax expert prior to tax season. Sit down with them at least quarterly to discuss the health of your business, tax planning, new tax laws, and audit proofing.

5. Not looking for improvement: Chiropractors are experts in trying new ways to increase patient visits, collect higher fees and extending that PVA; however, they do not take the time to regularly review reporting to determine if profit margins, effective tax bracket and other efficiency measures are being met. Your practice is the vehicle that builds your wealth. Net income, not gross, is the key statistic. Overall, it is usually a lack of understanding that something can actually be done that prevents you from taking control. One of the basic rules of business accounting is:
It is not the amount of money you make that determines your tax liability, but how you take and account for that money matters. Take action....Meet with a tax expert and develop a plan you can manage and control.

Is the IRS being fair with me

Most people that receive what I call a live letter from the IRS informing them that they have been select for a review, think the IRS is targeting me and that us not fair. Well in most cases the reason you have been selected is because you have had a change or they are test certain areas if the tax code to see if their statistic match reality. Either way you have been targeted but not you need to organize everything and do not go to an audit without representation. 

What does your Mother mean to you?

What does my Mother mean to me?

Loving arms when I need to feel safe.
The look, when I did not do the right thing.
That look that says she believes in you,
even when you do not believe in yourself.
Help even when I am too proud to ask.

What does my Mother mean to me?
Unconditional LOVE,
having a best friend my whole life and beyond,
being able to really trust one person in this world,
with all my secrets and DREAMS.

What does my Mother mean to me?
Having a confidant to share all my ambitions,
to have a partner in crime to make my dreams come true,
to have someone that really knows me.

What my Mother means to me?
My mother has shown me how I would like to be,
she has shown me how to love and share,
she has shown me that if I live to be 100
years old I could never fill her shoes.

What my Mother means to me cannot be
put into words but if I tried it would have to be LOVE.

I LOVE you Mom
Happy Mother Day!