Cincinnati Tax Guy

Steve Hamilton is a Tampa native and a graduate of the University of South Florida and the University of Missouri. He now lives in northern Kentucky. A career CPA, Steve has extensive experience involving all aspects of tax practice, including sophisticated income tax planning and handling of tax controversy matters for closely-held businesses and high-income individuals.

Showing posts with label timing. Show all posts
Showing posts with label timing. Show all posts
Sunday, December 22, 2024

Tomato Supplier Must Change Accounting Method

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  Let’s talk about when we can deduct something on a tax return. We are talking about accrual accounting. Cash accounting would be easy: y...
Sunday, November 1, 2020

FICA Tax On Nonqualified Deferred Compensation

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  One of the accountants brought me what she considered an unusual W-2. Using accounting slang, Form W-2 box 1 income is the number you in...
Wednesday, November 26, 2014

When Does A Grocery Store Get To Deduct the Fuel Points You Receive?

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There is a grocery store chain that my wife uses on a regular basis. They have a gasoline-discount program, whereby amounts spent on pu...
Friday, November 18, 2011

Related Party and Tax Deductions

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If you are a partnership, LLC or S corporation and report on the accrual basis, this may apply to you. You may be aware that there are restr...
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Cincinnati Tax Guy
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