Steven H. Mangan, CPA, LLC RSS Feed http://shmcpa-mn.com/ Take a look at our recent blog posts and client newsletter articles. en-us Tue, 01 May 2012 09:00:00 -0500 Tue, 01 May 2012 09:00:00 -0500 What to Do If You Haven't Filed an Income Tax Return http://www.shmcpa-mn.com/newsletter.php#2 If you're cringing because you haven't filed a 2011 tax return yet, don't worry. It's not too late, and it's not as hard as you may think. Tue, 01 May 2012 09:00:00 -0500 http://www.shmcpa-mn.com/newsletter.php#2 Turn Your Vacation Into a Tax Deduction http://www.shmcpa-mn.com/newsletter.php#4 Would you like to legally deduct every dime you spend on vacation this year? The five strategies outlined in this article will show you how. Tue, 01 May 2012 09:00:00 -0500 http://www.shmcpa-mn.com/newsletter.php#4 How to Avoid Penalties on Your Household Helpers http://www.shmcpa-mn.com/newsletter.php#1 When you hire someone to work around the house or baby-sit your children, do you need to pay tax for them? Keep reading to find out. Tue, 01 May 2012 09:00:00 -0500 http://www.shmcpa-mn.com/newsletter.php#1 Employee or Independent Contractor - Which Is It? http://www.shmcpa-mn.com/newsletter.php#3 Tue, 01 May 2012 09:00:00 -0500 http://www.shmcpa-mn.com/newsletter.php#3 Running Late? Extend Your Tax Return http://www.shmcpa-mn.com/blog.php?id=36 Taxpayers who do not have adequate time to complete their income tax returns can get an automatic 6 months to file their returns. Sun, 08 Apr 2012 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=36 TIL DIVORCE DO US PART.... http://www.shmcpa-mn.com/blog.php?id=33 Developing an understanding of the elements of divorce and ways you can minimize financial and tax loss. Mon, 29 Aug 2011 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=33 WE'RE NEARING THE FINISH LINE... DON'T FORGET TO FILE http://www.shmcpa-mn.com/blog.php?id=32 As were near the tax filing deadline for 2010 income tax returns, be aware that the penalty for failure to file a tax return far exceeds that of failure to pay. Sun, 27 Mar 2011 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=32 OUTSOURCING? "PREPARED IN AMERICA" http://www.shmcpa-mn.com/blog.php?id=31 Using tax preparation services of foreign preparers can save you money, but could expose you to certain risks. Sun, 06 Mar 2011 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=31 GET A PEACE OF MIND - FILE THOSE 1099'S http://www.shmcpa-mn.com/blog.php?id=30 All businesses should remember to file information returns or be subject to stiff penalties. Sat, 26 Feb 2011 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=30 SCHOOL TEACHERS - DON'T FORGET THIS DEDUCTION http://www.shmcpa-mn.com/blog.php?id=29 Educators can take a deduction for supplies and expenses without itemizing on Schedule A Mon, 21 Feb 2011 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=29 2011 CPA LOBBY DAY AT THE STATE CAPITOL http://www.shmcpa-mn.com/blog.php?id=28 Shakopee CPA makes his voice heard at the state Capitol. Thu, 10 Feb 2011 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=28 TAX SEASON SOON TO START FOR MOST, EXCEPT... http://www.shmcpa-mn.com/blog.php?id=27 Changes in the recent tax law has cause some inevitable delays in processing certain tax retuns. Fri, 24 Dec 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=27 FAFSA - COLLEGE LOAN APPLICATIONS http://www.shmcpa-mn.com/blog.php?id=26 This blog looks at information available from our website as well as a free service we offer to our clients Wed, 15 Dec 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=26 CRUCIAL PLANNING FOR INVESTORS http://www.shmcpa-mn.com/blog.php?id=25 Here are a couple of tax savings strategies for 2010. Sat, 27 Nov 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=25 DIVORCE: KEEPING MORE FOR YOUR FAMILY http://www.shmcpa-mn.com/blog.php?id=24 The importance of planning will allow you to minimize your tax liability as a result of divorce Tue, 23 Nov 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=24 WORTH YOUR WEIGHT IN TAX SAVINGS http://www.shmcpa-mn.com/blog.php?id=23 This article explains some of the benefits allowed as deductions on your income tax return. Mon, 22 Nov 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=23 W-2 EMPLOYEES - YEAR END PLANNING http://www.shmcpa-mn.com/blog.php?id=20 This will help you determine the value of planning before year-end. Sat, 20 Nov 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=20 LONG-TERM CARE - HOW MUCH CAN I DEDUCT? http://www.shmcpa-mn.com/blog.php?id=21 Are you long-term care exepenses deductable? What is the true value of the deduction? Sat, 20 Nov 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=21 IRS TO LEARN QUICKBOOKS http://www.shmcpa-mn.com/blog.php?id=22 IRS auditors will now be requesting information be transmitted electronically via Quickbooks files Sat, 20 Nov 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=22 SALES TAX: THE SLEEPING DINOSEUR http://www.shmcpa-mn.com/blog.php?id=19 This article provides information to help business owners decide if they are required to register and remit sales tax to states where products and services are sold. Thu, 11 Nov 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=19 BE PROACTIVE, BE PROSPEROUS, BE CHARITABLE http://www.shmcpa-mn.com/blog.php?id=18 This blog, looks at ways individuals can save money through planning, making smart choices, and following sound financial advice. Mon, 08 Nov 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=18 HEALTHCARE BILL - AN OVERVIEW http://www.shmcpa-mn.com/blog.php?id=17 This is a brief overview of the new healtcare bill and how it will affect individuals and employers. Sun, 07 Nov 2010 08:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=17 TIME IS RUNNING OUT FOR NONPROFITS http://www.shmcpa-mn.com/blog.php?id=15 If your organization has not filed tax returns for the previous 3 tax years, this is for you. Thu, 07 Oct 2010 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=15 YOUR FINANCIAL HEALTH - DON'T MISS A BEAT. http://www.shmcpa-mn.com/blog.php?id=14 This is a recent article I wrote for the New Business Minnesota Magazine, which goes out to over 8,000 new businesses in Minnesota. Sun, 17 Jan 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=14 BE PREPARED, PLAN AND BE PATIENT http://www.shmcpa-mn.com/blog.php?id=13 This article will help you prepare for an uneventful tax appointment. Tue, 12 Jan 2010 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=13 STAYING ALIVE WITH 8275 http://www.shmcpa-mn.com/blog.php?id=12 This form is used to disclose controversial items included in all types of tax returns. Sat, 05 Dec 2009 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=12 MAKING WORK PAY - WILL IT COST YOU ON APRIL 15TH http://www.shmcpa-mn.com/blog.php?id=11 Implementation of the Making Work Pay Credit, may end up costing you in the end. Tue, 17 Nov 2009 09:00:00 -0600 http://www.shmcpa-mn.com/blog.php?id=11 SUCCESSFUL STARTUPS - WHAT TO CONSIDER. http://www.shmcpa-mn.com/blog.php?id=9 This blog provides an introduction to considerations that should be made when beginning a new venture or startup business. Sun, 25 Oct 2009 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=9 DIVORCE - PLANNING IS MONEY WELL SPENT http://www.shmcpa-mn.com/blog.php?id=8 Divorce often times leads to hostility, bitterness, lonliness, and financial ruin. Mon, 19 Oct 2009 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=8 RENT TO YOUR PARENTS - A TAX SAVINGS IDEA. http://www.shmcpa-mn.com/blog.php?id=7 Parents can take advantage of a great opportunity by selling their home to a child, then leasing it back... Fri, 25 Sep 2009 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=7 THERE'S NO SUCH THING AS A "FREE LUNCH" http://www.shmcpa-mn.com/blog.php?id=5 Business owners - Documentation is key.. Sat, 12 Sep 2009 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=5 IT'S NOT JUST ABOUT INCOME TAX... http://www.shmcpa-mn.com/blog.php?id=4 This blog provides business owners and individuals a flavor of what to expect when purchasing or selling products in Minnesota and other states. Tue, 01 Sep 2009 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=4 EMPLOYEE OR INDEPENDENT CONTRACTOR? http://www.shmcpa-mn.com/blog.php?id=3 Knowing when he/she is an employee. It's your responsibility. Thu, 27 Aug 2009 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=3 TAX PLANNING - KNOWING WHEN? http://www.shmcpa-mn.com/blog.php?id=2 Individuals and business owners can benefit significantly by using proper planning techniques to reduce overall tax liability. Sat, 22 Aug 2009 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=2 CASH OR CLUNKER - FUEL FOR THOUGHT http://www.shmcpa-mn.com/blog.php?id=1 Tue, 18 Aug 2009 09:00:00 -0500 http://www.shmcpa-mn.com/blog.php?id=1