Archive for September, 2014

Q & A and Tips on Accounting, Taxes and Personal Finance.
Bookkeeping and Accounting – what are the differences?

Bookkeeping and Accounting – what are the differences?

Business owners often feel there is little difference between bookkeeping and accounting. Popular accounting software like QuickBooks allows business owners to produce their own P&L and balance sheets, but is this all there is to it? Tu Dao, a CPA in Houston, Texas discusses the differences between bookkeeping and accounting, and how the evolution of […]

September 18, 2014 | By More
Estimated Taxes

Estimated Taxes

September 15, 2014 is the due date of the next scheduled estimated tax payment for individuals.  What exactly are estimated tax payments and why would you have to make them? “This question comes up each year”, says Harry E. Hunter, President of Hunter Consulting.   Harry talks about estimated taxes, what they are and who must […]

September 8, 2014 | By More
Clergy Taxes – Unique tax status of ministers and religious workers

Clergy Taxes – Unique tax status of ministers and religious workers

Clergy, ministers and religious workers are accorded some unique tax deductions, allowances and benefits.  How are clergy taxes different?  George Martinez, CPA of Glendale AZ, talks about the unique tax status of clergy and churches. George:  Churches and their Ministers have many misunderstood tax peculiarities.  Churches enjoy three primary federal tax benefits which distinguish them […]

September 8, 2014 | By More