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	<title>Get Future Proof Blog &#8211; Calculated Moves, PC</title>
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		<title>Dealing with the IRS</title>
		<link>https://calculatedmoves.com/dealing-with-the-irs/</link>
				<pubDate>Wed, 13 Oct 2021 14:00:14 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[1099]]></category>
		<category><![CDATA[Audits]]></category>
		<category><![CDATA[Books]]></category>
		<category><![CDATA[IRS Agent]]></category>
		<category><![CDATA[IRS penalties]]></category>
		<category><![CDATA[IRS-approved strategies]]></category>
		<category><![CDATA[irs]]></category>
		<category><![CDATA[IRS notice]]></category>
		<category><![CDATA[notices]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8276</guid>
				<description><![CDATA[<p>&#160; Boy talk about being short-staffed and if you have any interaction with the IRS lately, well unfortunately I do, that&#8217;s a fact of life for me. Dealing with the IRS has become a bigger challenge than ever, simply based on the fact that you can&#8217;t communicate with them and they&#8217;re so far behind. We&#8217;re &#8230; <a href="https://calculatedmoves.com/dealing-with-the-irs/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/dealing-with-the-irs/">Dealing with the IRS</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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<p>&nbsp;<br />
Boy talk about being short-staffed and if you have any interaction with the IRS lately, well unfortunately I do, that&#8217;s a fact of life for me. Dealing with the IRS has become a bigger challenge than ever, simply based on the fact that you can&#8217;t communicate with them and they&#8217;re so far behind.</p>
<p>We&#8217;re currently seeing an eight month backlog on any amended returns that are being processed or anything that has to be paid for file. Can you imagine if you told them you would respond to them, but it&#8217;ll take you eight months to get a response back to them? I don&#8217;t think that would fly well. We&#8217;re seeing a lot of erroneous notices also come out of the IRS because they&#8217;re so slow at posting other things that have happened. </p>
<p>So for example, if you amended a return and they haven&#8217;t processed that amendment or responded to it, they&#8217;re going to continue to send notices in the interim. Many times, these are threatening and very nasty little letters that they&#8217;re sending and make people very uncomfortable. </p>
<p>I understand, and I wish I were something that I could do to help, but honestly, it takes us days, weeks to be able to get in touch with the IRS. I heard a statistic the other day, there are only 2% of calls to the public phone number to the IRS to get questions answered are actually reaching a representative. That&#8217;s pitiful, can you imagine a business that operates like that?</p>
<p>Luckily for me, I get to call in on the practitioner priority line. So they put some of the smarter folks over there and their response time is a whopping 3%. I have made calls and I attempt to call at 7:00 AM. That&#8217;s about the only time I can get through on the line when they open. And I&#8217;ve called 14 times in a row, 12 times in a row, I have to call multiple times in a row, and every time you have to listen to a long string of trumps before he can get to the next step only to find that lovely message that says we&#8217;re too busy, call back some other times.</p>
<p>It&#8217;s a rough game up there. So if you have issues with the IRS, it&#8217;s going to involve a lot of patience. What can you do to speed up the process or circumvent it? Well, there are a couple of things. First off as a CPA, I get power of attorney for all of my clients and use specialized software that allows me to pull transcripts of those years, that we have power of attorney on file. </p>
<p>Now that doesn&#8217;t often answer questions or resolve problems, but it allows us to dig deeper into the root of the issue so that we have the ability to make a better question when we contact the IRS or can point them in the right direction. And out of frustration is if you do reach a representative at the IRS, approximately 69% of their calls receive a hang-up, they call it a courtesy disconnect. That&#8217;s where somehow the line just magically goes dead in the middle of your call.</p>
<p>So we want to try to shorten the length of calls that we have to have with them to get more directly to the point whenever possible, pulling transcripts can help that. Also, if you have a notice, it&#8217;s important that we see every page of the notice. Many times there is pertinent information on the other pages that we have to look at. So although it looks like a bunch of gobbledygook, we actually do have to look and reference most all of the pages of the notice. </p>
<p>So not a lot of answers here, but the IRS is under pressure and scrutiny by Congress and the Senate right now to alleviate penalties and relief penalties on things because they&#8217;re taking so long and many of the penalties are being caused by the solidness of the IRS. So if you have issues in dealing with the IRS and I hope you don&#8217;t, but if you do let me know if there&#8217;s anything that we can do to help and get you out of the process to get that taken care of.</p>
<p>I&#8217;m Donna Bordeaux from Calculated Moves. Please follow on Facebook, Instagram, and LinkedIn. Make sure you check out our blog and our website from the link below, subscribe to our YouTube Channel, and hit the bell to be notified when we post. To contact me, email me at donna@calculatedmoves.com.</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly, and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/dealing-with-the-irs/">Dealing with the IRS</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>Always get a W-9 before paying your Contractors!</title>
		<link>https://calculatedmoves.com/always-get-a-w9-before-paying-your-contractors/</link>
				<pubDate>Tue, 28 Sep 2021 14:00:50 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[1099]]></category>
		<category><![CDATA[Audits]]></category>
		<category><![CDATA[Books]]></category>
		<category><![CDATA[Tax Advice]]></category>
		<category><![CDATA[1099 contractors]]></category>
		<category><![CDATA[independent contractors]]></category>
		<category><![CDATA[irs]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[W-9]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8262</guid>
				<description><![CDATA[<p>&#160; A client recently told me they couldn&#8217;t get a W-9 from a plumbing contractor that they had worked for it. They asked him for it and after the fact that he wouldn&#8217;t give it to them. He told them he refused to give them the information. I told him that you need to collect &#8230; <a href="https://calculatedmoves.com/always-get-a-w9-before-paying-your-contractors/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/always-get-a-w9-before-paying-your-contractors/">Always get a W-9 before paying your Contractors!</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
]]></description>
								<content:encoded><![CDATA[<p><iframe width="560" height="315" src="https://www.youtube.com/embed/NWwg1CcSmtw" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p>
<p>&nbsp;<br />
A client recently told me they couldn&#8217;t get a W-9 from a plumbing contractor that they had worked for it. They asked him for it and after the fact that he wouldn&#8217;t give it to them. He told them he refused to give them the information. I told him that you need to collect the W-9 before you make a payment that eliminates all of the problems. And he said that most of the contractors he talked to said they would charge him more if he collected the W-9 and gave him 1099. </p>
<p>Yes, that is true, they probably will charge you more. But let&#8217;s think about who you&#8217;re dealing with here and decide if that&#8217;s really the right way to go. It&#8217;s cheaper really a better deal in that situation? If you have a contractor who holds that hostage like that, are they going to be willing to fix problem areas? </p>
<p>Are they going to be your best source? Long-term? I suggest not, if they&#8217;re cheating in line to the IRS, are they really going to be telling you the truth? No, they&#8217;re probably going to cheat in line with you too. If they&#8217;re not afraid of the IRS, what is it that you are going to do to them? That would make them, you&#8217;re right, so I&#8217;d suggest setting up a process in place. </p>
<p>We&#8217;ve suggested this many times, and many of you are hesitant about this, but I want you to think about a process going forward. As you began to work with contractors or any subcontractor situation collect the W-9 before they begin to do the work when they quote your price. Say yes okay there you go, I need you to fill out this W-9 and we&#8217;ll get you set up in our system so that we can pay you promptly when the work is complete. </p>
<p>If you take that stage and approach, you&#8217;re telling the contractor, hey, I am an honest business person and I&#8217;m trying to do right by you make sure that you get paid on time and there are no problems with the payment. If that contractor tells you, then they will not fill out to W-9, say okay, walk away and find another.</p>
<p>I know that&#8217;s a hard thing to do these days because it is very difficult to find workers, but do you really want to work with people who are cheating on their taxes and cheating the IRS? They&#8217;re going to cheat you too. So don&#8217;t do it. Just take the information and walk away if that&#8217;s the case, when you get the W-9 upfront, make sure that if you are paying that person, that you pay them with the same name. </p>
<p>So if the W-9 says their personal name, but they&#8217;re telling you their company is ABC contracting, write out the check to whoever is listed on the W-9. So that information matches and there are no questions if they give you a W-9 and it says business name on it, write the check to the business name and not to their personal name. You want to make sure that you&#8217;re collecting the matching information so that you don&#8217;t have any problems going down the line in the future. If you have a business name on the W-9, make sure it&#8217;s a federal ID number that is listed and not a social security number. </p>
<p>Again, vice versa if it&#8217;s a name they can have a federal ID number if it&#8217;s a personal name listed as well. So that part is okay, but you&#8217;re going to get a mismatch from the IRS if you submit a name of a business and put a personal social security number with it. </p>
<p>So take these tips and I hope this helps. If somebody does refuse to sign the W-9 or give you the W-9, by law you&#8217;re required to withhold 24% backup withholding and submitted to the IRS before you issue their payment. Nobody likes that, we don&#8217;t want to have to go through that trouble, but let&#8217;s not. </p>
<p>Let&#8217;s keep it above board. Keep you on the right track, not fighting battles with the IRS that you don&#8217;t mean to.</p>
<p>I&#8217;m Donna Bordeaux from Calculated Moves. Please follow us on Facebook, Instagram, and LinkedIn. Make sure you check out our blog and our website from the link below, subscribe to our YouTube channel, and hit the bell to be notified when we post. To contact me, email me at donna@calculatedmoves.com.</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/always-get-a-w9-before-paying-your-contractors/">Always get a W-9 before paying your Contractors!</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>Cash is out, Cashless Payments are in</title>
		<link>https://calculatedmoves.com/cashless-payments/</link>
				<pubDate>Tue, 21 Sep 2021 14:00:01 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[Entreprenuers]]></category>
		<category><![CDATA[Firm News]]></category>
		<category><![CDATA[In the News]]></category>
		<category><![CDATA[Virtual Currency]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8246</guid>
				<description><![CDATA[<p>&#160; Do you still accept cash as a form of payment in your business? I want to talk to you about why you might want to consider going cashless. In a cashless situation, you don&#8217;t ever have to worry about going to the bank and having a certain amount of change or ones or any &#8230; <a href="https://calculatedmoves.com/cashless-payments/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/cashless-payments/">Cash is out, Cashless Payments are in</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
]]></description>
								<content:encoded><![CDATA[<p><iframe width="560" height="315" src="https://www.youtube.com/embed/GLCT28KiR-0" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p>
<p>&nbsp;<br />
Do you still accept cash as a form of payment in your business?</p>
<p>I want to talk to you about why you might want to consider going cashless. In a cashless situation, you don&#8217;t ever have to worry about going to the bank and having a certain amount of change or ones or any cash on hand. You also don&#8217;t have the problem of security of dealing with the cash. And if you have employees, you don&#8217;t have the problem of cash evaporating.</p>
<p>I have not used cash to pay for something on purpose in many, many years. And I don&#8217;t think I&#8217;m an unusual case. Most people carry a credit card, now with the advent of Apple Pay and Google Pay, make sure you&#8217;re able to accept those.</p>
<p>But most people prefer not to carry cash. There are some older populations who still deal with cash and many think that they&#8217;re helping you get away with something and not reporting in taxes. Please don&#8217;t do that, you&#8217;re just devaluing the value of your business by doing that.</p>
<p>So think about, should I just get rid of dealing in cash and heaven forbid I hope we&#8217;re past the days of accepting checks. Nobody should be doing that anymore in a business situation there&#8217;s just no need for that.</p>
<p>So look at the methods of payment that you accept and determine whether your business can go cashless now.</p>
<p>I&#8217;m Donna Bordeaux from Calculated Moves. Please follow us on Facebook, Instagram, and LinkedIn. Make sure you check out our blog and website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me at donna@calculatedmoves.com</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/cashless-payments/">Cash is out, Cashless Payments are in</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>Do you have a good Scanner?</title>
		<link>https://calculatedmoves.com/scanner/</link>
				<pubDate>Thu, 16 Sep 2021 14:00:45 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[Firm News]]></category>
		<category><![CDATA[In the News]]></category>
		<category><![CDATA[technology]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8242</guid>
				<description><![CDATA[<p>&#160; Technology is an important piece of what you do and we&#8217;ll offer you great productivity if you use the right technology. If you&#8217;re using a computer that you bought in 2015, it&#8217;s probably time for an upgrade. Do yourself a favor and upgrade your technology on a regular basis to make sure that you &#8230; <a href="https://calculatedmoves.com/scanner/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/scanner/">Do you have a good Scanner?</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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								<content:encoded><![CDATA[<p><iframe width="560" height="315" src="https://www.youtube.com/embed/AOXVGeOGKLU" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p>
<p>&nbsp;<br />
Technology is an important piece of what you do and we&#8217;ll offer you great productivity if you use the right technology. If you&#8217;re using a computer that you bought in 2015, it&#8217;s probably time for an upgrade. Do yourself a favor and upgrade your technology on a regular basis to make sure that you are not wasting your time waiting for things to happen and limping along. </p>
<p>Another perfect example of this is your scanner, do you have a good scanner? And when we talk about a scanner, I want to make sure you have a sheet feeds scanner, not the time that you have to open up and scan each page, kind of like a copy machine. </p>
<p>Check out the best deals on a sheet feed scanner, we highly recommend ScanSnap scanners or Fujitsu scanners. They work well with most all equipment and they&#8217;re very reliable in the last year and they last long time. I have a ScanSnap that I bought about seven years ago now that is still top of the line. </p>
<p>Yes, I&#8217;ve probably paid about $900 for it then. But if you think about how long I&#8217;ve used that and how often I use it well worth the money. It&#8217;s a color scanner, you don&#8217;t need to spend that much think $300, $400.Go find a great scanner to make sure that you can be very productive. </p>
<p>A sheet feed scanner will feed all of the sheets right into your scanner and go page after page at mail. So do both sides of the paper. Use that to scan receipts or to scan documents, stop keeping all the paper. It&#8217;s an unreliable place to keep your data. There are great solutions and we can help you find just the right solution for you to make sure that all of your documents are accessible no matter where you&#8217;re at. </p>
<p>So please do yourself a favor, invest in a scanner. I&#8217;ll post some of my favorites in the comments and the links for ScanSnap so you can check them out. </p>
<p>I&#8217;m Donna Bordeaux from Calculated Moves. Please follow us on Facebook, Instagram, and LinkedIn. Make sure you check out our blog and our website for the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me at donna@calculatedmoves.com</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/scanner/">Do you have a good Scanner?</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>How to Pay MORE Taxes</title>
		<link>https://calculatedmoves.com/how-to-pay-more-taxes/</link>
				<pubDate>Thu, 09 Sep 2021 14:00:23 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[1099]]></category>
		<category><![CDATA[Audits]]></category>
		<category><![CDATA[Books]]></category>
		<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[Financial Plan]]></category>
		<category><![CDATA[Financial Planning]]></category>
		<category><![CDATA[Humor]]></category>
		<category><![CDATA[small business accountants]]></category>
		<category><![CDATA[tax planning]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8237</guid>
				<description><![CDATA[<p>&#160; I&#8217;m going to share the formula with you today and I&#8217;m telling you can pay more taxes. Well, that&#8217;d be fun but first off, the number one way to pay more taxes is to not keep up with your expenses. That way you&#8217;ll have the highest taxable income possible and you can really make &#8230; <a href="https://calculatedmoves.com/how-to-pay-more-taxes/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/how-to-pay-more-taxes/">How to Pay MORE Taxes</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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								<content:encoded><![CDATA[<p><iframe width="560" height="315" src="https://www.youtube.com/embed/V_7kiNVZGbw" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p>
<p>&nbsp;<br />
I&#8217;m going to share the formula with you today and I&#8217;m telling you can pay more taxes. </p>
<p>Well, that&#8217;d be fun but first off, the number one way to pay more taxes is to not keep up with your expenses. That way you&#8217;ll have the highest taxable income possible and you can really make a contribution to our federal government. </p>
<p>The number two way to pay more in taxes is to not have a great accountant. Just maybe do it yourself or let a friend handle it that might dabble in taxes, that&#8217;s a good way. </p>
<p>The number three way to pay more taxes is to not plan. Just let those taxes come out to be whatever they want to be at the end of the year. Don&#8217;t really worry about it and just write a big old check by the way, if you can&#8217;t write the big old check. This maybe take on some debt and oh, the IRS they&#8217;re really friendly when it comes to interest rates and penalties I hear. </p>
<p>So if you would like to pay more in income taxes, please go right ahead, help out our national debt and make your contribution today. If you&#8217;re on the other side of that point and would prefer to pay as little as possible, I&#8217;d suggest you get in touch with me right away.</p>
<p>I&#8217;m Donna Bordeaux from Calculate Moves. Please follow us on Facebook, Instagram, and LinkedIn. Make sure you check out our blog and our website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me at donna@calculatedmoves.com.</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/how-to-pay-more-taxes/">How to Pay MORE Taxes</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>Managing your Passwords: LastPass</title>
		<link>https://calculatedmoves.com/managing-your-passwords-lastpass/</link>
				<pubDate>Tue, 17 Aug 2021 14:00:29 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[Software]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[Software Tips]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8219</guid>
				<description><![CDATA[<p>&#160; Do you have sticky notes around your computer with your passwords on them? Are you storing them in a word document or someplace else that&#8217;s really not secure? Well, let&#8217;s talk about a secure way to utilize a password manager and also share that with people who need to know the information without giving &#8230; <a href="https://calculatedmoves.com/managing-your-passwords-lastpass/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/managing-your-passwords-lastpass/">Managing your Passwords: LastPass</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
]]></description>
								<content:encoded><![CDATA[<div class="js-fitVids"><iframe title="Managing your Passwords: LastPass" width="500" height="281" src="https://www.youtube.com/embed/iuy0Wk51Ky8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></div>
<p>&nbsp;<br />
Do you have sticky notes around your computer with your passwords on them? Are you storing them in a word document or someplace else that&#8217;s really not secure? </p>
<p>Well, let&#8217;s talk about a secure way to utilize a password manager and also share that with people who need to know the information without giving away all of your security. We utilize LastPass for our clients and for our practice. </p>
<p>LastPass is just one of many secure password managers that you can use to make sure that all of your passwords are documented and yet not available to the outside world in a secure environment. So LastPass will allow you to save your passwords for all different types of websites. I probably have a thousand different passwords for different places and websites, and it does an excellent job of saving those. </p>
<p>Now that&#8217;s a common thread amongst all password managers, but let&#8217;s talk about what you can do with sharing. So with sharing you can allow somebody else to utilize your password manager, to log in the things, but maybe not see the password. </p>
<p>So if you have a commonly used password which is a no no, but everybody has one, that you don&#8217;t want everybody else to see. You can still allow them to log into a website as long as they have the share in LastPass, but they still won&#8217;t be able to see it. It will be hidden behind the little dots when they log in. So it&#8217;s still a secure way to allow someone to log into a website using your credentials. </p>
<p>So let&#8217;s talk about this in a frame of reference. Let&#8217;s say that you have employees who need to log in to gather some information, but you don&#8217;t want to have to change the password every time an employee leaves or worry that they&#8217;re logging in from home to collect your data or steal your client list. </p>
<p>You can use LastPass in a way to share that password, to let them log in, but they still can&#8217;t see the actual password and take it home with them. So that&#8217;s a nifty way to handle it, there were other competing services out there. There&#8217;s also 1Password, let&#8217;s talk a little bit for a moment about the difference between storing this in your key chain, through Apple or Google. </p>
<p>Those are really not secure password managers, anybody who can log into your Google account can see those. So if you leave your computer for a moment, people can log in and look at that information. Nobody hacks it. They can log in and look at that information. </p>
<p>So please don&#8217;t use a password manager through Google or through your Apple key chain. Use a reputable product like LastPass to make sure that your passwords are secure and able to have people access them who need them without giving away the farm. Hope you have a great day, thank you.</p>
<p>I&#8217;m Donna Bordeaux from Calculate Moves. Please follow us on Facebook, Instagram, and LinkedIn. Make sure you check out our blog and our website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me at donna@calculatedmoves.com.</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/managing-your-passwords-lastpass/">Managing your Passwords: LastPass</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>R&#038;D Credit for Innovators</title>
		<link>https://calculatedmoves.com/rd-credit-for-innvators/</link>
				<pubDate>Tue, 10 Aug 2021 14:00:47 +0000</pubDate>
		<dc:creator><![CDATA[BizInk]]></dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[Firm News]]></category>
		<category><![CDATA[In the News]]></category>
		<category><![CDATA[Tax Advice]]></category>
		<category><![CDATA[Tax Planning]]></category>
		<category><![CDATA[financial planning]]></category>
		<category><![CDATA[R&D Credit]]></category>
		<category><![CDATA[tax credit]]></category>
		<category><![CDATA[tax planning]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8214</guid>
				<description><![CDATA[<p>&#160; Are you innovating things and creating new processes that involve new technology and new ways of doing things? If so, you may qualify for the research and development credit. Now this is a pretty complex credit, but we&#8217;ll narrow it down. Let&#8217;s talk about what it&#8217;s for and who it&#8217;s useful for. Sometimes it&#8217;s &#8230; <a href="https://calculatedmoves.com/rd-credit-for-innvators/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/rd-credit-for-innvators/">R&#038;D Credit for Innovators</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
]]></description>
								<content:encoded><![CDATA[<div class="js-fitVids"><iframe title="R&amp;D Credit for Innovators" width="500" height="281" src="https://www.youtube.com/embed/1ur-1oAcV9Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></div>
<p>&nbsp;<br />
Are you innovating things and creating new processes that involve new technology and new ways of doing things? If so, you may qualify for the research and development credit. Now this is a pretty complex credit, but we&#8217;ll narrow it down. Let&#8217;s talk about what it&#8217;s for and who it&#8217;s useful for. </p>
<p>Sometimes it&#8217;s useful for businesses that don&#8217;t even realize there is such a credit, and it doesn&#8217;t seem so obvious. First off, you want to make sure that you are developing a new and improved process or procedure. It doesn&#8217;t have to be new to the world, just new to your organization. So experimenting with alternative designs, resolving technical uncertainty, and making sure that the process is developed to do things in a better way than it was before. </p>
<p>Now, it doesn&#8217;t necessarily have to mean you&#8217;re a chemist or that you are engineering a new world or creating a mathematical process and formula. It just means that you have to be innovating a product or a procedure. You also have to make sure that you were the one who maintains the rights of ownership to that process and procedure. So you can&#8217;t just pay somebody else to do that for you. They would be the ones eligible for that credit. </p>
<p>So in the R &#038; D credit, everything debased in that credit has to be based on US dollars and workers. So if you outsource some of this information or utilize technology across the lines, outside of the country, that qualification does not count. You must have wages in the US for labor in the US or subcontract labor that is in the US to qualify here. </p>
<p>You can also utilize things like supplies, machinery, things that you may have to buy to innovate, or even subscriptions to products or services that help you innovate a process. So let me give you a little example. We are an accounting firm. Guess what? We qualify because we are doing work that is specific to innovating how people do financial accounting and how the advisory process works. </p>
<p>So we&#8217;re actually working on our own R &#038; D credit here. So how much could this mean for you? Well, generally, if we take all of those expenses of wages, subcontract, labor, and supplies, the credit can be between 7 to 10% of that dollar amount. </p>
<p>Now, contractors, we reduce it, it&#8217;s only up to 65% of their dollars, but wages in total qualified in that calculation. So a little bit of a complex calculation it&#8217;s not a do it yourself or project, but we have some very streamlined ways to help you take advantage of the R &#038; D credit if you qualify. </p>
<p>If you have questions about, if you qualify, I&#8217;d love to hear from you. Please shoot me an email and we&#8217;ll check it out and see how much we can get for you. And by the way, you can amend your return to up to three years backward, to qualify and get refunds on this strategy. So good luck and let me know if you need some help and we&#8217;ll help you get some money that you deserve if you qualify for the R &#038; D credit.</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/rd-credit-for-innvators/">R&#038;D Credit for Innovators</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>Advanced Child Tax Credit Payments in 2021</title>
		<link>https://calculatedmoves.com/advanced-child-tax-credit-payment-in-2021/</link>
				<pubDate>Tue, 03 Aug 2021 14:00:07 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[Tax Advice]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Tax Planning]]></category>
		<category><![CDATA[Tax Planning strategies]]></category>
		<category><![CDATA[Child Tax Credit]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8205</guid>
				<description><![CDATA[<p>&#160; There&#8217;s a lot of confusion about the advanced child tax credit payments that are starting to come out each month from July to December this year. These payments are advances on your refund, so let&#8217;s give a really clear example if you are getting the monthly refund of $250 because you have a child. &#8230; <a href="https://calculatedmoves.com/advanced-child-tax-credit-payment-in-2021/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/advanced-child-tax-credit-payment-in-2021/">Advanced Child Tax Credit Payments in 2021</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
]]></description>
								<content:encoded><![CDATA[<div class="js-fitVids"><iframe title="Advanced Child Tax Credit Payments in 2021" width="500" height="281" src="https://www.youtube.com/embed/WeYea_mGgqk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></div>
<p>&nbsp;<br />
There&#8217;s a lot of confusion about the advanced child tax credit payments that are starting to come out each month from July to December this year. These payments are advances on your refund, so let&#8217;s give a really clear example if you are getting the monthly refund of $250 because you have a child. </p>
<p>And you get to the end of the year and you file your taxes and you have no way to get that child tax credit, maybe that child is not on your returning anymore. You would owe back those payments, so please be aware of how your tax situation is affected by these advanced tax credits. I don&#8217;t necessarily recommend opting out unless you were the person who will come to the next day feel unhappy, no money left to pay your taxes. </p>
<p>If you opt out, you&#8217;re giving the government an advanced refund on your money at an interest free rate. So we never love to have that happen. Also, if you&#8217;re wanting to have that big refund in April, that&#8217;s a fallacy. Remember it&#8217;s your money right now? And we&#8217;ve seen so much trouble this year with the IRS, even fissuring the refunds in a timely basis, that I don&#8217;t recommend that you have an overpayment on your account at all. </p>
<p>If you have any questions about how this interacts with your tax situation, we&#8217;d be happy to help. I&#8217;m Donna Bordeaux from Calculator Moves. Please follow us on Facebook, Instagram, and LinkedIn. Make sure you check out our blog and our website from the link below, subscribe to our YouTube channel, and hit the bell to be notified when we post and contact me, email me at donna@calculatedmoves.com.</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/advanced-child-tax-credit-payment-in-2021/">Advanced Child Tax Credit Payments in 2021</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>Bot Automation: The Ultimate Helping Hand for you Business</title>
		<link>https://calculatedmoves.com/bot-automation/</link>
				<pubDate>Tue, 27 Jul 2021 14:00:45 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[In the News]]></category>
		<category><![CDATA[Software]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[Software Tips]]></category>
		<category><![CDATA[technology]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8202</guid>
				<description><![CDATA[<p>&#160; How many bots do you have running in your business? Most of you will probably give me a blank stare on that one, but I want to talk to you about automation for a moment. There are some really cool tools out there now that don&#8217;t take a lot of coding experience. They&#8217;re actually &#8230; <a href="https://calculatedmoves.com/bot-automation/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/bot-automation/">Bot Automation: The Ultimate Helping Hand for you Business</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
]]></description>
								<content:encoded><![CDATA[<div class="js-fitVids"><iframe title="Bot Automation: The Ultimate Helping Hand for you Business" width="500" height="281" src="https://www.youtube.com/embed/JDKuS0HZciA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></div>
<p>&nbsp;<br />
How many bots do you have running in your business? Most of you will probably give me a blank stare on that one, but I want to talk to you about automation for a moment. There are some really cool tools out there now that don&#8217;t take a lot of coding experience. They&#8217;re actually no-code or low-code to help you set up some automations.</p>
<p>So let&#8217;s talk about a little example. So let&#8217;s say that you have a CRM system and when somebody comes to your website, it automatically picks up their information and puts it in there so they can subscribe to your newsletter. What would you like to send them more information at a point later on? Or would you like to send them a book or a card? </p>
<p>Those types of automations can happen now rather easily. So all you really need to do is have two apps that maybe don&#8217;t normally connect, but they can connect to outside things and you look at a trigger that happens in one piece and make something happen in another. So the thought process here is endless, you can come up with a number of these, but there were some really cool, easy things and much more complex things that can happen here. </p>
<p>For example, if you have a sales process and might be rather complicated, and you want a lot of steps to happen, to nurture a prospect along the way, a lot of operations there can happen by the use of Zapier. Zapier connects different automation tools. So it can connect different products that don&#8217;t integrate. </p>
<p>You can also get a little more in detail on these and create longer processes and more specific things that can happen with things like ElectroNeek or UI Path. There are a lot more options to be able to conquer these. </p>
<p>So just as a rough example, a dental practice wanted to track some specifics based on their sales. And they wanted a dashboard to go out to all of their management people each day to show their progress. Now, normally that would be quite a bit of work to have somebody compile numbers every single day, create something and send it out and email it to all these different people each and every day. </p>
<p>Well, what if that person goes on vacation, does the job just not get done? It was a lot of manpower to make that happen, but through automations that becomes a very streamlined process and it doesn&#8217;t take high level talent to accomplish it. What they did was set up a form that their reception or administrator at the front office could complete each day in each of their offices. That total of what their receipts were in each of those offices all came into a database via a form. </p>
<p>Then some automations were set up to add up all those numbers, to put it into a specific template of a form, and send that out to each person who needed to know that information. All of that process will be automated after the receptionist keyed in one number to a sheet each day, that&#8217;s pretty cool. That&#8217;s just a small example of some of the things that can be done. </p>
<p>So if you have some automation processes that you wish could happen in your office, we may be able to help you. Let&#8217;s talk through that process. We do a whole lot more than just accounting here. We want to streamline and simplify your life. And some of that may include some automations with bots like we&#8217;ve talked about </p>
<p>I&#8217;m Donna Bordeaux from Calculated Moves. Please follow us on Facebook, Instagram, and LinkedIn. Make sure you check out our blog and our website from the link below, subscribe to our YouTube channel, and hit the bell to be notified when we post. Contact me, email me at donna@calculatedmoves.com.</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/bot-automation/">Bot Automation: The Ultimate Helping Hand for you Business</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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		<title>Harvesting Gains &#124; Calculated Moves</title>
		<link>https://calculatedmoves.com/harvesting-tax-losses/</link>
				<pubDate>Tue, 20 Jul 2021 14:00:06 +0000</pubDate>
		<dc:creator><![CDATA[Edgar]]></dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[Firm News]]></category>
		<category><![CDATA[In the News]]></category>
		<category><![CDATA[Tax Planning]]></category>
		<category><![CDATA[Tax Planning strategies]]></category>
		<category><![CDATA[gainsgains]]></category>
		<category><![CDATA[harvesting gains]]></category>

		<guid isPermaLink="false">https://www.calculatedmoves.com/?p=8187</guid>
				<description><![CDATA[<p>&#160; You may have heard about harvesting tax losses. That is a strategy where you are selling some stocks at a gain to offset losses that you may have, that you might not be able to deduct. Once you have over $3,000 in net losses for stock sales, that amount carries forward as a capital &#8230; <a href="https://calculatedmoves.com/harvesting-tax-losses/">Continued</a></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/harvesting-tax-losses/">Harvesting Gains | Calculated Moves</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
]]></description>
								<content:encoded><![CDATA[<div class="js-fitVids"><iframe title="Harvesting Gains | Calculated Moves" width="500" height="281" src="https://www.youtube.com/embed/V6oAJjnre5U?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></div>
<p>&nbsp;<br />
You may have heard about harvesting tax losses. That is a strategy where you are selling some stocks at a gain to offset losses that you may have, that you might not be able to deduct. Once you have over $3,000 in net losses for stock sales, that amount carries forward as a capital loss carryforward.</p>
<p>In this case, we&#8217;re talking about harvesting gains. Why would you want to do that? Well, if you&#8217;re concerned about the capital gains, right, going away, and that may have a large effect on you, you may want to look at the timing and sell the stock and capture the gains right now while you have a lower capital gain rate and you can buy the stock back.</p>
<p>You can&#8217;t sell a stock at a loss and buy it right back. That&#8217;s called a wash sale rule. However, there is no wash game rule. So if you have a stock that you purchased and you want to sell it now to get the gain to appear this year, before any changes happen with capital gains.</p>
<p>You can sell that stock, capture the game, buy it right back, and now you&#8217;ll hold it at a higher basis moving forward.  This is not something you want to run out and do without talking with your broker first and really understanding the consequences that it may have on your taxes. However, for some folks who might be in a low tax bracket right now where the capital gains rate is actually zero.</p>
<p>This might be a strategy. That&#8217;s time is perfect for you right now. If you have questions about how to harvest gains, I&#8217;m here to help I&#8217;m down to Bordeaux at Calculated Moves. Please be sure to subscribe to our page for more news like this and follow us on Facebook.</p>
<p>Donna Bordeaux, CPA with <a href="https://www.calculatedmoves.com/">Calculated Moves</a></p>
<p><i>Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.</i></p>
<p>The post <a rel="nofollow" href="https://calculatedmoves.com/harvesting-tax-losses/">Harvesting Gains | Calculated Moves</a> appeared first on <a rel="nofollow" href="https://calculatedmoves.com">Calculated Moves, PC</a>.</p>
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