Wayne Parsons CPA

What Can a CPA Do that a Regular Accountant Can’t?

What can a CPA do that a regular accountant can’t? That’s what we’d like to address today.

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

What Are Account Detail Types in Quickbooks?

If you’re planning to keep track of your business’s financial records using Quickbooks, you’ll need to familiarize yourself with the accounting software’s detail types. Whenever you create an account in Quickbooks — expense account, income account, liability account, etc. — you’ll be prompted to choose a detail type. It’s important that you choose the right detail type because this will affect the subcategory in which the…

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

IRS Tax Tip: Ten Tax Tips For Individuals Selling Their Home

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.Read more →

5 Tax Tips for Millennials

Winging it on your taxes? You could be missing out on significant savings or worse yet, be endangering your finances and freedom by not knowing the basics.

4 Practices That Keep a Life Crisis From Creating a Business Crisis

Nurture relationships and practice equanimity while life is calm and you will be prepared to navigate a personal trauma that could upend your business.

How Worley Parsons slashed its IT costs

The Surprising Truth about Prioritizing Relationships—Tim Parsons

Last week, I started a new job. I am embarking on a new adventure as the lead pastor of The Journey Church in Avon, Indiana, a small suburb of Indianapolis. This is an exciting new season in my life, and I cannot wait to work side by side with the great people in this community. …

Jim Parsons explains why he was ready to leave The Big Bang Theory

Parting will be sweet sorrow for Jim Parsons, but a guy can only play Dr. Sheldon Cooper for so long…

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

GINNA PARSONS: Little loaves get plenty of topping

One of the best parts of a meatloaf, to me, is the topping. We make ours with ketchup, brown sugar and mustard, and spread it all over the loaf so

Becoming a CPA at 60: 10 tips for passing the CPA Exam

Christine Kuglin started her journey to pass the test by thinking, 'Today is a good day to become a CPA.'

Non-CPA "CPA" Firms? Really?

ACTIONABLE INTELLIGENCE FOR TAX, ACCOUNTING, AND FINANCIAL PROFESSIONALS

Online CPA Services: Working Remotely with Your CPA

Make working with your accountant easier, no matter where you're located. Read these tips for optimizing your online CPA services.

Does Major Dental Work Count as a Deduction for Income Tax?

Major dental work such as braces and dental surgery can cost thousands of dollars. Even routine visits to the dentist can get pricey. The Internal Revenue Service considers dental care costs a medical expense. However, that does not automatically mean major dental work will count as a deduction for income tax purposes.