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BruceMc

Hi, my name is Bruce, aka “taxguy”, and I am a professional tax preparer. I own my own practice, L & R Tax Preparation, in Grandview, Missouri. I have been doing tax preparation since 1986, and have been doing so professionally since 1999. I am by no means the stereo-typical tax professional. So if stuffy and evasive are what you’re looking for, then I, my company web site, and my blog - The Missouri Taxguy are not where you want to be, I promise you.

Employee Reimbursements-Accountable vs Non-Accountable Plans

Published December 11, 2013 | By BruceMc

The IRS has very strict rules about how a business should handle employee reimbursements. If you make the payment under an accountable plan, deduct it in the category of the expense paid. If you make the payment under a non-accountable plan, deduct it as wages and include it in the employee’s Form W-2. Avoiding paying unnecessary taxes on employee reimbursements involves keeping detailed and accurate records separating out how much your business spends on different types of expenses.

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Is Your CPA REALLY the Right Person to be Completing Your Tax Return?

Published May 24, 2012 | By BruceMc

Is your CPA REALLY the right person to be completing your tax return? Did you know that there are different educational requirements for different types of tax preparers? For example, attorneys, certified public accountants, and enrolled agents will not have to undergo competency testing or obtain CPE credits for federal tax law topics under new IRS regulations?

Who does your taxes? Do they know tax law? This guest blog post by Bruce McFarland of L & R Tax Preparation will provide information about new rules and regulations that the IRS is mandating for paid tax preparers.

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About Your Host:

Nancy Smyth, Sunburst Software Solutions, Inc.
QuickBooks Construction & Payroll Expert

I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.

QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.

Employee Reimbursements-Accountable vs Non-Accountable Plans

Is Your CPA REALLY the Right Person to be Completing Your Tax Return?

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