Straight Talk CPA - Blog

Here’s How the New 2017 Tax Reform Will Affect You   Posted by: Salim Omar

In summary, based on an analysis prepared by the Tax Policy Center, President Trump’s revised tax plan would cut taxes on every income level.  However, high wage earners will receive the biggest tax cuts, both in terms of dollars,…

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Expressing Gratitude this Thanksgiving   Posted by: Salim Omar

It’s the week of Thanksgiving! Visions of delicious turkey, cranberry sauce and pumpkin pie are currently dancing around in my head. I truly can’t wait to dig in on another scrumptious Thanksgiving feast. BUT, before I do that, let…

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Should I use an Accountant or TurboTax?   Posted by: Salim Omar

A survey conducted at the beginning of last year established that about 35% of people use Turbo Tax to file their taxes, 30% use an accountant, and the other 35% of the population have a friend do it, do…

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Cash Flow Problems in Your Business? Follow These Four Tips to Financial Freedom   Posted by: Salim Omar

  Cash flow problems in a business don’t just come out of nowhere – there’s always a cause. In many cases, the cause comes down to the business owner’s mistake. The good news is that mistakes can be avoided….

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Getting Rid of IRS Interest and Penalties   Posted by: Salim Omar

Owing taxes isn’t fun, and the IRS has a unique talent for making it even worse by tacking on interest and penalties . In fact, many taxpayers have spent more money on interest and penalties than on the actual…

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Retirement Options All Business Owners Should Consider   Posted by: Salim Omar

According to a recent BMO Wealth Management survey of 400 small business owners, only a fraction of America’s entrepreneurs are prepared for retirement. A striking 75% of survey respondents age 18 to 64 have saved less than $100,000 for…

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5 Money-Saving Tax Strategies   Posted by: Salim Omar

Salim Omar President of Straight Talk CPAs here, and I’d like to share with you significant advantages a company can enjoy if they pay attention to these tax strategies. Here are five strategies I recommend you consider: #1: Hold…

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Rise and SHINE: Morning Rituals of Highly Successful Entrepreneurs   Posted by: Salim Omar

The world’s most successful entrepreneurs understand the value of time. It’s a precious commodity to be sure, as each of us only receives a limited amount of it. However, your early morning hours provide an opportunity to get a…

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Tax Scams – Don’t Be A Victim of Theft!   Posted by: Salim Omar

Be aware of these latest tax scams to keep your finances safe! There’s an array of evolving tax scams related to identity theft and refund fraud that you need to be aware of. Here are some of the latest…

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Ending 2016 the RIGHT Way!   Posted by: Salim Omar

Yesterday morning Monmouth County business owners joined together for the last Business Breakthroughs’ Breakfast of 2016. It was a GREAT morning and the perfect way to wrap up our breakfast events for 2016. Take a look at the pictures…

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