Archive for July, 2014

5 Ways to Significantly Increase Your Profits with Proactive Bookkeeping

July 23, 2014 @ 11:19 am posted by Amanda Han CPA (Taxloopholes.com Tax Strategist)

Did you know that a recent study shows that over 75% of business owners Do Not effectively utilize bookkeeping as a business tool.  The majority of businesses use bookkeeping solely as a way to track historical data. This is what we refer to as “Reactive Bookkeeping”. Bookkeeping, as mundane as it may appear, is actually  Continue

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Who’s Playing On Your Team?

July 17, 2014 @ 1:17 pm posted by Amanda Han CPA (Taxloopholes.com Tax Strategist)

One of the reasons that people end up paying more than their fair share of taxes is because they simply don’t understand the tax code. Who can blame them though. With hundreds of thousands of pages, the tax code is written in a language all on its own. If you think I’m joking, you should  Continue

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Another Common Entity Mistake You Need to Avoid

July 15, 2014 @ 12:13 pm posted by Amanda Han CPA (Taxloopholes.com Tax Strategist)

One thing that is great is that as practicing CPAs, we get to meet with clients all the time and in these meetings is when we get the most inspirations for our weekly newsletters to share with you. There are lots of real life situations that we can share with you guys on things to  Continue

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Does Crime Pay?

July 10, 2014 @ 12:53 pm posted by Amanda Han CPA (Taxloopholes.com Tax Strategist)

I was fortunate enough to be interviewed by an NBC News radio show recently and I have to admit, I was a nervous wreck.  To make things worse, one of the host’s opening questions to me was “Does crime pay?” At first I did not understand exactly what his question was and as such I  Continue

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7 Common Tax Mistakes of New Real Estate Investors

July 8, 2014 @ 10:56 am posted by Amanda Han CPA (Taxloopholes.com Tax Strategist)

Over the years, I have come across thousands of real estate owners and small business owners across the U.S. and have unfortunately witnessed many mistakes that are costing thousands of dollars in over paid taxes. What a shame that so much money just going to waste and in Uncle Sam’s pocket. Let’s take some time  Continue

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The Good and Bad ways to spend your tax refunds

July 1, 2014 @ 10:47 am posted by Amanda Han CPA (Taxloopholes.com Tax Strategist)

A tax refund can be a sweet reward to working hard all year, or so the IRS would like you to think. The sad truth is that if you are receiving a large refund year after year then you have been giving Uncle Sam a tax-free loan. If you were lucky enough to get a  Continue

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