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Articles of Interest
The following is a list of published articles which is divided into two categories; articles for individual assistance and articles for business assistance. Review both categories for various topics listed in alphabetical order.
These articles are for guidance only and not determinative in any specific case. Please contact us regarding specific needs or questions.
Articles for Individual Assistance
Big
Tax Savings Through Tax Deferred Exchanges aka Like-Kind 0r 1031
November 19, 2000 -- Often clients find themselves in an uncomfortable
situation after selling a piece of property that has appreciated in value.
Business
Use of the Home
February 21, 2001 -- Can I take a deduction for the business use of
an office in my home? Answers to commonly asked questions regarding home
office deductions.
Business Trip - Tax Deductible or Not?
January 23, 2003 -- What criteria indicates that a trip I take would be tax deductible? This article provides some guidelines to what is deductible and what is not.
June 20, 2002 -- The new capital gains rules may affect your recently filed 2001 tax return. Read about these new rules and what to do if they pertain to you.
Cafeteria
Plans
September 17, 2001 -- A cafeteria plan is an effective way to reduce taxable
income of employees. This column addresses questions about cafeteria plans
and their various requirements.
Revised – December 5, 2005
December 5, 2005 -- We receive many questions regarding the deductibility of business auto expenses. This column will address some basic rules that apply to car expense.
May & June, 2003 -- This article answers questions from our clients on various topics. Questions covered include non-taxable gifts to children, retirement account incentives, unrealized capital gains, non-business bad debt loans, is Lasik surgery tax deductible, are contributions to a mission tax deductible and education tax breaks.
June, 2002 – This article addresses questions such as: How much will college cost? How much will I have to contribute? Are there any types of financial aid that will benefit me?
Revised – December 5, 2005
December 2005 – Get a better understanding of the Health Savings Account (HSA). This article will address some of the questions about HSA's and their various requirements.
Independent Contractor or Employee?
March 20, 2002 -- Should I receive a W-2 or 1099 for filing my income tax? Read this article to help determine which class you might be.
IRA's
and Roths
July 15, 2000 -- Learn more about IRA's and Roths.
Revised -- February 12, 2002
July 17, 2002 -- A letter from the IRS!!! What should I do?
Jobs & Growth Tax Relief of 2003
July 20, 2003 -- The new tax act of 2003 and it's affect on individuals and entities.
New
Rules to Get the Most (or least) From Your IRA
March 23, 2001 -- There has been a lot of talk lately about President
Bush's proposed tax cuts. But, did you know that a new tax break was recently
given to IRA owners?
Personal Records Retention Listing
April 6, 2002 -- What tax related documents do I need to keep and how long do I need to keep them? This listing will help you decide what is important and what is not.
Saving for College with a 529 Plan
December 26, 2001 -- What is a "529 Plan"? This article is a must to read if you want to enjoy tax savings while investing money into a beneficiary's education program.
Revised -- October 17, 2002
December 19, 2000 -- Certain contributions may add additional deductions to reduce your tax liability. This article identifies some guidelines for deducting contributions.
Revised – December 5, 2005
Articles for Business Assistance
Accounting Procedures for Preventing Employee Theft and Fraud
April 6, 2002 -- This article provides some ideas in developing a system to protect you, the business owner, from potential employee thefts and embezzlement and help establish sound accounting policies. Included in the article is a topic regarding record retention. Click the following link for the table: Business Records Retention Table
Accounts Receivable - King of Cash Flow
July 18, 2001 -- Cash flow is the survival kit for a business. Guidelines in this article to help you invoice correctly and establish a legal credit and collection policy.
Big
Tax Savings Through Tax Deferred Exchanges
November 19, 2000 -- Often clients find themselves in an uncomfortable
situation after selling a piece of property that has appreciated in value.
Bookkeeper
Blues - Outsource Your Accounting Headaches Through Accounting On-Line
April 25, 2001 -- Are you frustrated because your accounting information
is inaccurate or unavailable and you cannot make important business decisions?
Wouldn't it be more valuable if you could focus on building wealth for
yourself through building a successful business, instead of concentrating
on the administrative concerns of record keeping? You should consider
outsourced accounting on-line.
Business
Use of the Home
February 21, 2001 -- Can I take a deduction for the business use of
an office in my home? Answers to commonly asked questions regarding home
office deductions.
Business Trip - Tax Deductible or Not?
January 23, 2003 -- What criteria indicates that a trip I take would be tax deductible? This article provides some guidelines to what is deductible and what is not.
Cafeteria
Plans
September 17, 2001 -- A cafeteria plan is an effective way to reduce taxable
income of employees. This column addresses questions about cafeteria plans
and their various requirements.
June 20, 2002 -- The new capital gains rules may affect your recently filed 2001 tax return. Read about these new rules and what to do if they pertain to you.
Cars,
Cars, Cars
December 5, 2005 -- We receive many questions regarding the deductibility
of business auto expenses. This column will address some basic rules that
apply to car expense.
Cash Method of Filing Tax Returns
September 19, 2002 -- Are you filing your annual income tax returns on an accrual basis and want to change to a cash basis? Read this article to see if you qualify.
October 17, 2001 -- Rules for rewarding an employee, without increasing their taxable income (wages).
January 16, 2002 -- If you are starting a new business and wondering what entity choice is most beneficial or curious if the entity choice you selected is the right one, this article and the Entity Comparison Chart will certainly provide some guidelines.
Health Reimbursement Arrangement (HRA)
October 17, 2002 -- Need a new incentive to keep good employees? This exciting, new health benefit program saves payroll taxes for your business and your employees.
Independent Contractor or Employee?
March 20, 2002 -- Are you classifying your employees and independent contractors correctly? Read this article to discover some of the consequences if you are not.
July 17, 2002 -- A letter from the IRS!!! What should I do?
Jobs & Growth Tax Relief of 2003
July 20, 2003 -- The new tax act of 2003 and it's affect on individuals and entities.
August 21, 2002 -- Read about an approach taken towards marketing in a service type organization that can provide desirable results.
February 20, 2003 -- Read this article to realize what may or may not impact the value of your business.
December 20, 2005 -- This article outlines some of the payroll guidelines for the year 2006 and other payroll liability limitations.
QuickBooks
For Business Owners: Quick Answers Can Empower a Decision Maker
October 18, 2000 -- Dierking, Lockie & Associates, PC, is proud
to announce the formation of Bridge21 of Siouxland, LLC. Through this
formation, Bridge21 of Siouxland, LLC, provides you with the latest in
computer technology and can ease the bookkeeping burden that many small
to medium size businesses face today.
March 20, 2003 -- Discover some reasons and guidelines for accurate business record keeping.
Sales
and Use Tax: How Much Do I Owe?
June 20, 2001 -- Sales and use tax is a complicated and confusing topic
for many businesses. This article will answer some sales tax questions
regarding tri-state purchases and/or sales.
Start-Up Write-Offs Help New Business
September 13, 2000 -- For tax years beginning in 1999, qualifying for the home office deduction was made easier for many taxpayers.
May 16, 2001 -- Read this article to better understand the rules governing deductibility of business travel, meals and entertainment.
Travel, Meals & Entertainment 2
February 20, 2002 -- This article expands on some of the topics covered in the May 16, 2001 article.
Working on Your Business Rather Than In It
April 24, 2003 -- This article is a must for the small business owner to read.
Disclaimer: The information in the articles published on this website is accurate as of the date of publication. However, any article cannot cover all situations. Any federal and/or state law changes after the publication date are not reflected in the article. Please contact us if you have specific questions or concerns regarding the issues covered in these articles.
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