Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Is It Time to Hire a Certified Public Accountant?

Posted by Mark On October 27th

Are you considering a new business start-up? Makara & Associates, LLC

Is your business going through some difficult times financially?

Do you need guidance with your tax planning?

These are just a few of the reasons why people look to a CPA for direction with their businesses.

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How Successful Are Your Business Operations?

Posted by Mark On December 31st

How do you measure your business success?

When was the last time you reviewed your business operations and accounting systems?

Are you prepared for the changes in our complex business world today?

Common Tax Provisions Set to Expire

Running your own business can present many challenges. Addressing those business needs may be overwhelming unless you are committed to continuing education and implementation of the latest technologies.

At Makara & Associates, LCC, we believe through our training and experience we can offer you a fresh prospective and practical view of your business operations and accounting systems.

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Is your CPA committed to education?

Does your CPA use cutting edge technologies?

Do you receive quality service?

Makara & Associates LLC
These are the type of questions that your CPA should be happy to answer for you, giving you the “peace of mind” that you deserve.

Don’t settle for anything less.

Work with a CPA that is committed to continuous training and is well-versed in working with accounting in all facets of the economic chain.

Regardless of the size of your business, personal attention to accounting details are vital to the success of your business.
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You probably think you are ready to file because you have received a 1099 for your services, held on to all your receipts, and have all your documents in order.

Independent Contractor Tax-FormsThis is the sixth installment of
Independent Contractor Taxes…Know Your Options.
It can be downloaded from our eBook library.

It seems like everything is falling into to place with your Independent Contractor status. Once you file your Independent Contractor Tax Forms, it will be smooth sailing!

Wrong! Have you…
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Questions Small Business Owners Need To Ask

Posted by Mark On July 15th

Are you a small business owner? Do you find it difficult to stay on top of all the hurdles that come your way?

Small Business Owners

Every business owner, whether you are incorporating your business today or have been running a business for years, ends up asking the same questions. I encourage owners to ask the questions and find the answers before they become a problem.

In my many years of helping small businesses, I have found that successful small business owners tackle these potential hurdles right on before they become a problem that could put them out of business.

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Tax Deductions and You – What You Need to Know

Posted by Mark On February 8th

Tax Deductions and You - What You Need to Know

Over the past couple of months we have provided tips about tax deductions. Whether you are familiar with taxes and accounting or not, we hope you have learned more about what is deductible and what is not. In case you haven’t read this information, you can download it as a FREE eBook by clicking the picture above. Or simply read on and we’ll give you a summation of our posts on what you need to know about tax deductions.

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Gavel

According to the DC district court the answer is no.  The court’s decision was based on the facts that the plan administrator didn’t intentionally misclassify the workers and the 401(k) and cafeteria plan documents specified that anyone reclassified as an employee by a court or the IRS wouldn’t receive benefits.  Based on the case it would be wise to review your plan documents with legal counsel to insure being tripped up by this in the future.

Here are 3 more tips to help you sit pretty in retirement. If you need additional assistance with your retirement planning please contact me online or call (239) 384-9688.

-Mark
Naples & Fort Myers CPA

This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this blog is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.

7 Things You Should Know About the Tax Consequences of Debt Forgiveness

Over the past few weeks I’ve given you some valuable insight in regards to how the IRS will treat your short sale or foreclosure when you file your income taxes. In case you haven’t read this information, you can download it for FREE from my eBook library. Or simply click “read more” where I’ll give you a summation of my posts on debt forgiveness.

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Foreclosed Home (Photo courtesy of Mike Licht) - Foreclosure/Short Sale taxes

This is the seventh tip in our series 7 Things You Should Know About the Tax Consequences of Debt Forgiveness which is also available as a free eBook from your Fort Myers Accounting Firm.

It is possible for you to receive multiple tax forms (1099A & 1099C) in the same year. This is based on a variety of scenarios, depending on how you file your 1040 in the case of foreclosure taxes or short sale taxes.

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