Jason Dinesen

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So far Jason Dinesen has created 782 blog entries.

Glossary: OCBOA

By | August 29th, 2017|Categories: Glossary|Tags: , , , , , |

The abbreviation "OCBOA" stands for "other comprehensive basis of accounting." Simply stated, it means any basis of accounting -- the method in which a business keeps its books -- other than GAAP (generally accepted accounting principles).

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Donating Professional Time to Charity

By | August 23rd, 2017|Categories: Small Business Tax and Accounting|Tags: , |

The bottom line with it is, you can’t deduct the value of your donated time.

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Revisiting a History of Marriage in the Tax Code, Part 3

By | August 17th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

In Part 3 of this series, we explore why joint tax returns were so common even after major tax-law changes in 1917.

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Can I Claim My Disabled Daughter as a Dependent?

By | August 15th, 2017|Categories: Potpourri of Tax Topics|Tags: , , |

Your daughter is likely your dependent. The key test is: is she providing more than ½ of her own support?

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What is the Income Threshold for Going from Sole Proprietor to S-Corp?

By | August 9th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

I say it depends on your cash flow and whether or not you can afford to pay yourself a reasonable salary for the work you’re doing.

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