MILEIQ App Review
MILEIQ App – Are you familiar with it? It’s the easiest and most user-friendly app to track an individual’s mileage. Let’s take a look at why this app has remained at the top of the App Store sales charts and…
Paying Farm Kids for Farm Work, Part III
Farm children of any age working in mom or dad’s farm operation provide more tax opportunities for farmers. Farmers can pay reasonable wages in the form of commodities to their children (for farm work) and reap family tax savings. Children…
Paying Farm Kids for Farm Work, Part II
Farm children 18 years or older working in mom or dad’s farm operation provide more tax opportunities for farmers. Schedule F and corporate farmers can pay reasonable wages to their children (for farm work) and reap large family tax savings.…
HSA: An Additional Retirement Account
A health savings account (HSA) is a triple tax-free account, where you make pre-tax contributions, which grow tax-free, and can be withdrawn tax-free to pay for eligible health care expenses for yourself, spouse, or tax dependents.
Welcome Erika Mertens
Erika Mertens has recently joined the BakerStarrett, LLP she brings over three years of marketing and graphic design experience to her position. She currently spends most of her time managing the company website, developing and managing various social media platforms,…
5 Reasons to Evaluate your Work in Progress Schedule
Many small contractors don’t take the time to evaluate their current jobs in progress. Here are a few reasons that may lead you to do so: Profitability Evaluation: by keeping close tabs on your job’s price quote, your expenses related…
Welcome Brian Graham, CPA
Brian Graham, CPA has recently joined the BakerStarrett team in January 2016. Brian brings over nineteen years of experience to his position and has worked with clients in a wide array of industries. His primary experience includes auditing and taxation of agricultural cooperatives.
Don’t Get Tricked by the IRS Tax Scams
BEWARE…. There is an ongoing problem with people calling claiming to be with the IRS. The IRS will: Never initiate contact with taxpayers by e-mail to request personal or financial information. This includes any type of electronic communication, such as…
Paying Farm Kids for Farm Work, Part I
Farm children under the age of 18 working in mom or dad’s farm operation provide tax opportunities that often get overlooked. Schedule F farmers (sole-proprietors) can pay reasonable wages to their children (for farm work) and reap large family tax…
QuickBooks ProAdvisors
Who are QuickBooks ProAdvisors you ask? ProAdvisors are individuals who have been certified by Intuit to know the various QuickBooks products. Here at BakerStarrett, we have countless QuickBooks ProAdvisors with expertise ranging from desktop to online to enterprise. We are…