Bill Zumwalt's (teamzumwalt) Blog

Are you wondering if you got every deduction? Well, here’s a checklist to help you find ever itemized deduction so that you pay less taxes. No reason to leave Uncle Sam a tip! Solo 401K Want the same tax advantage for retirement accounts as the big corporations? Want to make a big dent in those t...

We are introducing a new feature on our website www.TeamZumwalt.com . We have called it “Tax Flash”. Each week there will be a short and helpful article aimed at helping your reduce or comply with tax requirements.  This week is a note about filing 1099’s. Those of you who have team members recei...

Well it’s hard to believe that it’s another year soon. So for those of you needing to reduce your taxes here are some last minute ideas. 1) Charitable Contributions.   If you plan to give to charity consider donating before year end. Pay your January tithes by year end and receive the tax benefit...

The Zumwalt clan had there traditional Christmas Eve Dinner and Grand Gift Opening.  We have pictures each year of the kids having to wait in the hallway before ransacking the family room on Christmas morning. We now have to have a panorama lens with close to 45 people over for the event. That’s ...

Christmas is almost here, and that means millions of parents across America are telling their kids to behave themselves or risk winding up on the "Naughty List." (Admit it — if you've got kids, and you celebrate Christmas, you've done it yourself.) But while kids may be on their best behavior, gr...

If you always worried that you were missing a deduction or leaving money on the table? My answer is yes you are. I have been able to set up a new e-brochure on our updated website at www.TeamZumwalt.com that will help many of you who are salaried employees. Best thing you can do is to look at las...

Psychologists agree that the ability to concentrate is key to achieving our goals. But today's high-tech world is full of distractions, from thousands of cable TV channels to millions of internet sites, with smart phones constantly within reach. Some experts say our attention span is actually shr...

The final regulations were released last week for the new Affordable Care Act this past week. The biggest point in this legislation for most of us will be the additional .9% tax on income. This tax kicks in at income for singles at the $200,000 and above income level. This tax kicks in for marrie...

Form 1099 Filing Requirements: What you need to know The IRS works constantly to improve income reporting by taxpayers. One tool they employ is requiring businesses to file “information returns” that tell the IRS about amounts the business paid out that should be reported by the recipients as inc...

Anyone think the price of a gallon of gas has gone down this past year? Has the cost of driving your car gone down this past year?  Well guess what! The IRS just released the mileage rates for 2014 and the standard mileage rate has dropped to 56 cents per mile from 56.5 cents. I know that’s not m...