What Do You Give the Man Who Has Everything?

Matthew Person, CPA David Huff, CPA, PFS, MS Todd Wilson, CPA Person CPA Group 3200 Lake Villa DriveMetairie, LA 70002(504) 780-8299 Fax 1-800-799-1292www.personhuffcpa.com  New York Yankee shortstop and future Hall-of-Famer Derek Jeter has played his last Major League Baseball game. In his last game,he chopped a single to third in the third inning to drive in a run, then took himself …

Managing Your Charitable Donations

Matthew Person, CPA David Huff, CPA, PFS, MS Todd Wilson, CPA Person CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personhuffcpa.com Berkshire Giveaway Someday, the financial wizards who run things on Wall Street will realize there’s “paper to be stacked” opening an Investor Hall of Fame. (Hey, the  Rock and Roll Hall makes $40 million a …

Business Car? Check out these 2 deductions!

If your car is used for business purposes, whether you are self-employed or an employee, you can get the benefit of tax deductions.   You have 2 choices for claiming deductions on a business car:   You can deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking, tolls, drivers’ salaries, and depreciation.  Ã‚ Use the standard mileage …

7 Ways to Avoid a Tax Audit

“You’re being audited” is probably on just about everyone’s Top 10 List of Most Dreaded Things to Hear!  But,  there are 7 ways to lower your risk of being flagged by the IRS for an audit. And believe it or not, they are pretty basic things to do. 1.  Do NOT round numbers on your tax return. It’s better to …

5 Point Profitability Check-Up

The Person CPA Group 5 Point Profitability Checkup The following items are reviewed on a regular basis to pin point ways to help you make more money.   Taxable Income Analysis The first part of the profitability checkup is a review of year to date taxable income. Taxable income is then compared to projections and a determination is made regarding …