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So far bluefish has created 43 blog entries.

Look out for Wellness Scams Targeting HSA’s


Health savings accounts (HSA’s) have grown in popularity in recent years as healthcare costs have continued to increase. They allow you to put money away and withdraw it pre-tax to use for qualified medical purposes. Banks and other financial institutions offer this account to those who have eligible healthcare plans, usually known as high-deductible health [...]

Look out for Wellness Scams Targeting HSA’s2024-03-22T11:43:06-04:00

Can my Pet be a Tax-Deductible Business Mascot?


Tax influencers - they’re everywhere. They are particularly pervasive this time of year with tax season starting. Recently a particular "tax influencer" shared a questionable strategy for how they wrote off a horse they acquired. They simply made it a mascot for their tax strategy firm, genius right? Well, not exactly - before you round [...]

Can my Pet be a Tax-Deductible Business Mascot?2024-02-19T10:15:12-05:00

Is Your Independent Contractor Really an Employee?


With the rise of freelancing, companies have enjoyed the benefits of getting important work done without the sometimes arduous process of setting up a new employee and managing their tax withholding. However, what happens when employees are misclassified as independent contractors? Although this is sometimes a purposeful choice on behalf of employers looking to exploit [...]

Is Your Independent Contractor Really an Employee?2024-01-23T10:36:14-05:00

How are Holiday Bonuses Taxed?


The holiday season is wonderful for so many reasons - special time with family and loved ones, cheerful festivities, gift giving and year-end work bonuses. If you are fortunate enough to receive a bonus at your work, you might be wondering how exactly it's taxed and what you’ll be left with afterwards. Before you share [...]

How are Holiday Bonuses Taxed?2023-12-28T12:48:39-05:00

Does my business need an EIN?


With a new year comes new goals, and for some that might mean starting a new business venture. Starting a new business can be an exciting and rewarding journey but there is a lot to consider when diving in. One question we often hear is "Does my business need an EIN?". An EIN (Employee Identification [...]

Does my business need an EIN?2023-11-22T16:18:20-05:00

How to Safeguard Your Tax Documents


In today’s digital world, many people engage with tax documents through electronic communications like bank statements, accounting software, and more. Utilizing digital platforms can mean extra security for your financial records and an easy-to-access paper trail for those who are technologically savvy. However, many essential tax documents like W2’s are still paper copies sent by [...]

How to Safeguard Your Tax Documents2023-10-18T16:47:00-04:00

Can I deduct my swimming pool?


There’s a lot of outlandish tax advice circulating on the internet. However, there is one incredulous-sounding claim that is actually partially true - and that’s the fact that you can deduct your swimming pool. Sometimes. As always, there are a lot of caveats and conditions that need to be met for this to be a [...]

Can I deduct my swimming pool?2023-09-27T16:23:35-04:00

Tax Savings for Summer Camps and Daycares


Summer is a time associated with joy, leisure, adventure, and nature. But for busy working parents, summer can be a stressful time with kids out of school and wandering aimlessly. Many take advantage of daycares, babysitters, and summer camps to help entertain their little ones and the great news is that these can result in [...]

Tax Savings for Summer Camps and Daycares2023-08-21T13:44:12-04:00

What Influencers Need to Know About Taxes


Influencers might seem like they live pretty charmed lives. Creating content and receiving free gifts and trips all the time? Sign me up! Even more so, influencing can be a pretty lucrative career with even niche Instagram influencers and YouTubers regularly making 6+ figures. But before you rig up your ring light, remember that taxes [...]

What Influencers Need to Know About Taxes2023-07-27T09:24:39-04:00

Staying Safe from A.I. Tax Scams


If news about A.I. has been all over your LinkedIn timeline lately, you aren't alone. With its new accessibility through tools like ChatGPT, artificial intelligence has become all the rage for businesses. It's been heavily discussed for both its potential benefits and downsides, including its potential to engineer major medical breakthroughs and displace many job [...]

Staying Safe from A.I. Tax Scams2023-06-14T09:18:28-04:00
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