College in Fall of 2017?

Do you have a child going off to college in the fall of 2017? Be aware they are making the application for FAFSA available to you October 1st and you will be using your 2015 tax information for students applying for the 2017-18 school year. These changes should help prevent the scramble in the spring… Read More

Denver to the Smoky Mountains

Every year we try to make it to at least one national conference focusing on the new tax laws & regulations and updates in the agricultural world. This year we were fortunate enough to attend two conferences. Back in May, Tim and Lisa attended the Agriculture Conference that was hosted by the AICPA (American Institute… Read More

QuickBooks Memorized Transactions

Do you ever get tired of entering the same transactions Month after Month? Ever scared you may forget an important payment? Let QuickBooks do the remembering for you with memorized transactions. Memorized transactions are just that; QuickBooks remembers how to enter the transaction for you, so there are no clerical errors month after month. You… Read More

MILEIQ App Review

MILEIQ App – Are you familiar with it? It’s the easiest and most user-friendly app to track an individual’s mileage. Let’s take a look at why this app has remained at the top of the App Store sales charts and why over 15,900 users have rated it 4.3 stars on Google Play. Automatic Detection MILEIQ… Read More

Paying Farm Kids for Farm Work, Part II

Farm children 18 years or older working in mom or dad’s farm operation provide more tax opportunities for farmers. Schedule F and corporate farmers can pay reasonable wages to their children (for farm work) and reap large family tax savings. Children can be paid cash wages income tax free, subject to FICA withholdings, if wages… Read More

Welcome Erika Mertens

Erika Mertens has recently joined the T.L. Baker Co., LLP team in January 2016. Erika brings over three years of marketing and graphic design experience to her position. She currently spends most of her time managing the company website, developing and managing various social media platforms, and other technology initiatives. Erika graduated Magna Cum Laude… Read More

5 Reasons to Evaluate your Work in Progress Schedule

Many small contractors don’t take the time to evaluate their current jobs in progress. Here are a few reasons that may lead you to do so: Profitability Evaluation: by keeping close tabs on your job’s price quote, your expenses related to the job (don’t forget about salaries, including those of management and office personnel), and… Read More