The Mindful Money Blog

Welcome to our Mindful Money Blog. We explore our clients most common questions and concerns on everything from taxes to getting out of debt to the woes of the self employed. Don't see something you'd like to learn about? Leave us a question in the comments!  

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Zen Accounting Solutions, LLC

July 31, 2019

June and July- summer travels, beach time, relaxation.... and the time when the IRS begins sending out letters to taxpayers! There are a host of letters that are sent, including tax adjustment letters (they say you owe more money or less), inquiry and examination lette...

August 12, 2018

      We have a guest blog today from Jim McKinley. Jim is a retired banker with almost 30 years of experience. He created MoneywithJim to share his advice and other resources on a variety of financial topics and has generously offered up some of his adv...

As part of the debt series here, I thought we needed to add an action layer. I decided to do an experiment where I would try to spend $0 for a whole week. Mainly, this meant not spending on going out to eat and drink or shopping for things. My fridge was stocked with f...

Are you trying to figure out how much to save versus how much to pay off on your debts? Join us for part two in our debt/savings series!

One of the biggest questions I hear from clients is about the debt/savings balance. It's a dance along a tightrope for many, especially the self-employed. And though I've lived it and researched it, all the articles I've found have frustrated me in that they either onl...

July 13, 2017

(Image from http://www.pxleyes.com)

Recently, I've had a few clients who have received notices from the IRS or their state revenue departments informing them that they did not file quarterly payroll or sales tax in a prior year. In these cases, they had a prior accounta...

June 12, 2017

If you've ever received a notice from the IRS, tried to buy a house, waited on a refund, or needed to pay taxes, you know that figuring out your account status can mean a lot of time on hold and lots of paperwork. However, you can shorten your to-do list by using a han...

May 22, 2017

We are delving into some frequently asked questions from our clients on our blog all summer. Up first- S Corps and home offices!

If you recently transitioned from a Schedule C Sole Proprietor to an S-Corp, you may be wondering what you should do about your home office d...

April 12, 2017

 Photo credit here

Sometimes, we just can’t get it all done by the deadline. We don’t have the paperwork, we’re traveling, we’re sick, we’re busy, or we just…didn’t. So, here are some important items to know about tax extensions!

When you file an extension, you receive a...

April 8, 2017

We love the ROTH retirement savings because, why wouldn’t you?  You have no required minimum distribution, you don’t pay tax on distributions in retirement and you can keep putting money into them long after you are disallowed from saving in traditional retirement vehi...

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