Kostecke CPA

All posts tagged cpa tax preparation

The Nine Factors and the Hobby Loss RuleWhether the IRS considers you a hobby or business is not as simple as looking at how profitable you are. Unfortunately, you may be running a business that is not profitable this year and has never been profitable, but it still isn’t a hobby.

There is a 9-factor test that the IRS uses to determine if your business is a legitimate Read more


Tax planning before filing your 2013 taxesIf you haven’t filed yet, here are four reason for doing some tax planning before filing your 2013 taxes.  For 2013’s taxes, there are new tax brackets, taxes, and phaseout limits that make tax planning even more important, as follows: Read more


Internet sales tax problem revealedThere has been a lot of discussion about the proposed law to impose sales tax on internet sales. First of all, this is not a new tax. If you live in a state with a sales tax, you have always been required to pay “use tax” if the vendor did not collect sales tax. Very few people paid this tax, however, because it was hard to keep track of, or Read more


Affordabe Care Act

Big  changes in health insurance are taking place now as a result of the Patient Protection and Affordable Care Act, or “ACA”. I’ve had a lot of questions about the ACA and how it affects me, as a tax preparer and small business owner, and the clients I serve. Here is a compilation of the questions I’ve researched and the Read more