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Keeping Track.
Learn how current news and events could impact your bottom line.
The IRS and Crypto Traders: Understanding John Doe Summons and Tax Obligations
With the rise of virtual currencies and the crypto trading boom, many traders were initially under the impression that their activities would remain off the IRS's radar and, consequently, are not subject to taxes. But the IRS has intensified its efforts to...
Ensuring IRS Correspondence Acceptance: How to Avoid Common Pitfalls
You probably think the IRS has received your tax return... but are you SURE? I can't overstate the importance of ensuring IRS correspondence acceptance. Here's why: Imagine this. You’ve finally finished your tax return preparation for the year! You've gathered all of...
How to Take Advantage of Energy Tax Credits in 2023
The hot summer sun can make it costly to cool your home—especially if you live in a warmer climate. Thankfully, if you made any improvements to your home to make it more energy efficient recently you could see some relief in the form of home energy tax...
How to Take Advantage of the Employee Tax Credit (Without Getting Burned)
Are you considering taking advantage of the pandemic era-Employee Retention Credit? Then make sure you read on to learn how to protect yourself against potentially costly fines. What is the Employee Retention Credit? The Employee Retention Credit (ERC) is...
How long should a taxpayer keep records?
The most common answer to this is 3 years from the date you filed. But there’s some grey area. Having the correct records could save you thousands of dollars one day, so you want to do your due diligence and be smart about what you keep in your filing cabinets...
Relief for business owners with small PPP loans
Back in March, President Trump signed the Coronavirus Aid, Relief, and Economic Securities (CARES) Act. This $2.3 trillion relief package was designed to help Americans get through this pandemic. Under the Act, a new loan program was created called the...
Hobby or Business, What’s the Difference and Why Does it Matter?
Businesses can deduct most of the costs of doing business even if it shows a loss on the tax return. If a taxpayer has a hobby that generates income, direct expenses can also be deducted. This is where the similarity ends. A hobby cannot lose more than gross...
Know your Preparer
There are over 900,000 tax preparers in the United States. These preparers include Certified Public Accountants (CPA), Enrolled Agents (EA), and unlicensed PTIN holders. The only thing all those who get paid to prepare tax returns have in common is that...
President Trumps Most Recent Executive Actions
One of the most talked about of the four documents describes the deferral of payroll taxes otherwise known as the employment tax. This tax is imposed under the Federal Insurance Contributions Act (FICA). This tax has two components. The 6.2% Social...
What IRS Reopening Means for Taxpayers
After several months of the IRS being closed for all except the most mission critical functions, the service is open again, at least in part. Many taxpayers have received computer generated letters mailed after the due date. Others who have tax problems,...
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What Clients Say
Understands small business challenges
~ Bill Head, Auto Radio
A business partner who works magic
I have had a wonderful partner in Steve Perry of Books, Taxes & More, LLC allowing me to focus on what I do best. He is the one person I trust to advise me on all tax matters. Over the past several years, Steve has guided my company on a myriad of tax issues. He has consistently helped me document and prepare returns to minimize my tax liability….Read More
~ Stevee Ashlock , President StoneyBrook Productions
Honest and straightforward
This man is a beast when helping people with their taxes. Especially when they put themselves in a bind. His efficiency, knowledge and understanding is what is helping me now. He breaks it down in details for things I don’t understand about IRS. He basically holds my hand and walks me through the process to help me through this difficult time….Read More
~ DeMoris Harper