Keith Boyer CPA's Blog

Topics and tips about accounting, taxes, business to personal finance and more!

Noticing sales tax being charged on your internet shopping?

Enactment of the Wayfair decision is coming to fruition as Congress had introduced a bill to phase in online sales tax collection, as per Accounting Today. Wayfair (South Dakota v. Wayfair) is the decision decided by the US Supreme Court giving states the ability to collect sales tax on internet sales although the vendor may not have a "brick and m...
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IRS Provides Tax Relief for Hurricane Florence Victims

The aftermath of Hurricane Florence has left many with no power, flooding, and devastating damage to homes and entire towns throughout the Carolina's. As victims work to recover from the damage, the IRS has granted those affected with an additional extension to file their tax returns and make certain tax payments. What are the terms & condition...
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President Trump is forgiving student loans indebtedness

STUDENT LOAN FORGIVENESS CHANGES UNDER PRESIDENT TRUMP: DO YOU QUALIFY? President Trump's Tax Cuts and Jobs Act implemented a number of changes, including alterations that affect student loan borrowers. Here's what you need to know about how the new act modifies student loan discharge: ​What Changes were made? As of January 1st, 2018, Death and Dis...
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Cloud Accounting with Keith Boyer, CPA LLC

We have recently adopted using a cloud-based portal called Smart Vault which gives our clients easy access to their documents. Smart Vault essentially serves as an electronic filing cabinet for all of our client data.  I remember the days when a whole room used to occupy paper files of client data. Technology has enabled us to go paper-free and become more efficient with transferring client documents.    Whether you filed your tax return by the April deadline or you filed for an extension, you may be overwhelmed by the amount of documentation involved. With my firm, you will receive very little paper documentation unless requested. We are finding that most millennials don’t like any paper at all!  With that being said, it’s a great time to take a look at your records for previous tax years to see what you can purge. Consider the statute of limitationsAt a minimum, keep tax records for as...
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