Another tax season has peaked and like many professionals who prepare taxes, it's a time where we take a breath and get some much needed sleep.  For all our tax clients, as well as ongoing bookkeeping clients, we'd like to take this opportunity to say "Thank You" for putting your trust in us to prepare your tax returns and work on your books on an ongoing basis.  We look forward to continuing to serve you in the 2015 tax season!

Have you ever traded services in exchange for a product or service?  A professional service may trade for such things as a cleaning service, landscaping or plumbing.  This is called Bartering and the IRS considers this income. If you barter, you should be aware that the value of products or services from bartering is taxable income.

Direct barters and barter exchanges all offer an exchange for services, but differ in their service options.  Click here to see what exchange membership is all about and how the IRS views bartering for tax reporting.