Kolquist, Seitz & Goldman, LLC

07/27/2015

http://quickbooks.intuit.com/r/hr-laws-and-regulation/how-to-tell-if-you-have-employees-or-independent-contractors/?cid=psoc_PDT_FB_Desktop_QBO_US_QBT_NS_H1_C2_I1&cvosrc=social+network+paid.facebook.QBT_NS_H1_C2_I1

If you use independent contractors in your business, you should evaluate your relationship with them in light of the current laws.

05/01/2015

As your financial planning for 2015 progresses, make sure you keep IRA contributions limits in mind. http://www.forbes.com/sites/ashleaebeling/2015/04/23/the-danger-of-overstuffing-your-ira/

The IRS is ramping up its efforts to catch taxpayers who make excess contributions to Individual Retirement Accounts.

04/13/2015

There are only two days until the April 15 individual income tax deadline! Owe taxes? You have a few options: http://www.irs.gov/uac/Newsroom/Tax-Time-Guide:-Easy-ePay-and-Payment-Agreement-Options-Available-to-People-Who-Owe-Tax

WASHINGTON — The Internal Revenue Service today reminded taxpayers that it’s easier than ever to pay their taxes electronically, and for those who can’t pay on time, quick and easy solutions are available.

02/24/2015

KSG employees enjoying our annual "hump day" celebration. We're half way through tax season!

02/10/2015

Corporate income taxes: not all reform is good reform. http://www.economist.com/news/finance-and-economics/21642196-presidents-plan-makes-no-sense-offer-they-could-refuse

IMAGINE $2 trillion in untaxed corporate income. What politician could resist? Not Barack Obama. This week, as part of his latest budget proposal, he suggested both...

02/06/2015

State of Minnesota stops accepting tax returns filed with TurboTax, due to fraud concerns. http://www.forbes.com/sites/kellyphillipserb/2015/02/06/minnesota-stops-accepting-returns-filed-with-turbotax-cites-fraud-concerns/

Use TurboTax? Minnesota is warning taxpayers that it has suspended acceptance of tax returns prepared using TurboTax, citing fraud concerns.

01/16/2015

Happy tax filing season! As things kick into gear, here are a few considerations to keep in mind related to the ACA and 2014 income taxes: http://www.forbes.com/sites/robertwood/2015/01/05/think-filing-taxes-was-tough-before-obamacare-just-wait/

If you hated tax filing season before, get ready for more complexity this year as the Affordable Care Act reporting kicks in.

12/03/2014

As in prior years, some popular tax breaks for 2014 are still awaiting approval by Congress. http://money.cnn.com/2014/12/02/pf/taxes/tax-breaks/index.html?iid=H_PF_News

With less than two weeks before they leave town for the year, lawmakers have yet to decide how to handle a host of oft-renewed tax breaks that expired at the end of 2013. At least 7 of those breaks affect individuals directly.

11/11/2014

It's that time of year again. Are you ready for tax planning? Did you know the penalties alone on a hefty tax bill can pay for hiring a CPA to prepare your return? http://www.accountingtoday.com/gallery/10-year-end-tax-tips-72384-1.html?utm_campaign=daily-nov%2011%202014&utm_medium=email&utm_source=newsletter&ET=webcpa%3Ae3323932%3A3887354a%3A&st=email

As 2014 draws to a close, there may be more planning opportunities than ever before, but also more traps for the unwary, according to Grant Thornton LLP.

10/22/2014

If you aren't planning for your taxes, you should! http://www.marketwatch.com/story/why-tax-planning-is-so-important-2014-07-01

How to do what you want, but do it in a tax-smart way.

09/26/2014

It's almost October. Have you looked into your 2014 tax planning yet?

08/18/2014

The current economic outlook is positive, at least for now: http://www.economist.com/news/united-states/21612168-weighing-evidence-how-long-will-expansion-last

NEWS that America’s economy grew at a brisk annualised rate of 4% in the second quarter was greeted with relief. After a puzzling first-quarter contraction, growth...