by Steven J Weil, PhD, EA, LCAM | May 29, 2023 | Blog, Business Tax, Personal Tax
If you can’t pay the taxes you owe, don’t just ignore the IRS. Instead consider your options. The IRS offers a number of plans for those that can’t pay. These plans include: long and short-term payment plans, temporary collection delays for those experiencing...
by Steven J Weil, PhD, EA, LCAM | May 19, 2023 | Blog
Proper use of your accounting systems requires the system to be set-up properly. Set-up is a little different for each kind of business. Set-up starts with having a chart of accounts that is designed for your business. The kinds of revenue and expenses that a...
by Steven J Weil, PhD, EA, LCAM | May 17, 2023 | Blog
4 Things You Should Get From Your Accounting System Business accounting is about more than just getting information to do your taxes. It should provide you with useful information that helps you understand how you are doing, provide a way to manage cash flow, prevent...
by Steven J Weil, PhD, EA, LCAM | May 15, 2023 | Blog
Accounting System Input Determines Accounting System Output The first thing I learned about computers back in the days when programs were written on punch cards, was garbage in garbage out. This old adage is even truer today than it was when I learned over 40 years...
by Steven J Weil, PhD, EA, LCAM | May 13, 2023 | Blog
Who the heck is FICA, and why is he getting my money? That is the question my kids asked when they received their first paycheck. As I explained to them, and they will have to explain someday to their children, FICA is the money the government uses to pay older people...
