Accounting and Tax Services for Small Businesses and Individuals in the Des Moines, Iowa Area and Beyond

Getting Your Business Off to a Good Start, Part 5: Independent Contractor vs. Employee

This is an excerpt from a presentation I give to entrepreneurs who are trying to get businesses off the ground. ----- One of the biggest areas of discussion when I give this presentation is over the subject of employees vs. independent contractors. Let’s define some terms first: this discussion is about people you pay for work they do for your [...]

The Dinesen Tax Times

Does Coast Guard Retirement Pay Count Toward the Iowa Military Pension Exclusion?

February 23rd, 2017|0 Comments

Iowans who receive pension income from the military can exclude that income from taxation on their Iowa tax return. Does Coast Guard pay count toward this? Yes.

Things Tax Preparers Say: “S-Corp Reasonable Comp is 25% of Your Gross Income”

February 21st, 2017|0 Comments

S-corporation reasonable compensation is one of the most misunderstood concepts in tax law. And that's saying something, considering how mind-numbing U.S. tax laws are.

Glossary: Intangible Asset

February 17th, 2017|0 Comments

One way of looking at intangibles is, they are business assets that cannot be physically touched.

Small Business

305, 2016

You Can Afford Employees But Not an Accountant?

Things business owners have actually said to me: "I hired employees but can't afford an accountant."

1203, 2015

Why Do Unethical Clients Bother Working With Tax and Accounting Pros?

I'm always confused when an unethical client bothers seeking out the help of a licensed professional.

State Taxes

512, 2016

Why is it Better to File Married Filing Separately in Iowa?

Today I want to answer a basic question: it’s almost always better for married couples to file as married filing separately instead of married filing jointly on their Iowa return. Why?

112, 2016

Iowa Taxes: Married Filing Separately on Combined Return vs. Married Filing Separately on Separate Returns

Iowa tax law throws unique wrinkles at taxpayers when it comes to filing options for married couples.