Avoid This S Corporation Health Insurance Deduction Mistake

If you have family members working for you in your S corporation, stop and read this article now. Think of this: You own 100 percent of your S corporation. Your 30-year-old daughter works for your S corporation. She owns no stock. Your S corporation covers her with a group health policy. Did your S corporation…

Hire your kids!!

When I meet with people who have small to medium sized businesses, I always talk to them about their family. I got my kid when she had just turned 10. She was a part of the package that came with my husband, the love of my life. I for one am so glad that I…

2018 Tax reform bill

2018 is swiftly coming to an end and I wanted to wish you all Happy Holidays. I look forward to hearing from you and working with you in 2018. I just came back from the Annual Federal Tax Update seminar with a book about 3 inches thick, with more pages coming. There have been so…

Uber and Lyft Drivers – Shared Economy

This is such a new field that even the tax pros scratch their heads. There are a few really great articles I have read that explain how this new economy works for those who work in it and how it affects them in the tax world. Read this article and if you have any questions,…

FAFSA Security

Well, A Huge breach appears to have taken place  and it could affect about 100,000 taxpayers – This is an article from the IRS which you should pay particular attention to if you have completed a FAFSA and used the IRS Data Retrieval Tool (DRT) Questions and Answers: Mailings about suspicious activity related to the…

American Health Care

From the Desk of C.G. Johnson & Company   Well there has been some new movement in the American Health Care Act of 2017 – Good bad or otherwise, I thought I would share this with you. Here are some of the changes up for vote as of today.   Today, the House of Representatives…

Affordable Health Care

From the desk of C.G. Johnson & Company.   More information has come out on what congress has passed on the new health care and it doesn’t look good. Costs will go up and benefits will go down. Pre-existing conditions will not be covered like cancer, epilepsy, and a list of others. I am sharing…