Newsletter – Business or Hobby? Also, 7 Tips for Marriage. #tax #smallbiz

Problems viewing this email? Using a mobile device? Click here to view this e-mail as a web page.
Masthead blocks
Monthly Client Newsletter
May 2017
In this issue:
Contact:
info@byronrileycpa.com
Phone: (832) 303-3995
www.byronrileycpa.com
Find us on FacebookFollow us on TwitterJoin our LinkedIn Network
This Month:
Check May 14th:
Mother’s Day
Check May 29th:
Memorial Day
Subscribe to RSS Feed

Spring is in the air and before you know it summer will be upon us. It’s the time of year when couples tie the knot; some of the tax to-dos for the newly married are enclosed. Unfortunately it’s also audit season. One common audit trigger is incorrectly reporting business versus hobby activity; included here are some dos and don’ts. Also included are a list of tips for working into retirement age, as well as an article on the most effective ways to protect yourself from identity theft.

If you know someone who would like to see this newsletter please feel free to share it with them.

Marriage Tax Tips

1 If you recently got married, plan to get married, or know someone taking the matrimonial plunge, here are some important tax tips every new bride and groom should know.

Business or Hobby?

When you incorrectly claim your favorite hobby as a business, it’s like waving a red flag that says “Audit Me!” to the IRS. However, there are tax benefits if you can correctly categorize your activity as a business.

2

Six Tips for Working Beyond Retirement Age

3 Two-thirds of the Baby Boomer generation are now working or plan to work beyond age 65, according to a recent Transamerica Institute study.

Do-It-Yourself Identity Theft Protection

Identity theft is a growing problem in the United States, and dozens of companies offering various forms of identity theft protection have sprung up to combat it. Unfortunately, these services often do little to actually protect people’s identities, according to a study released by the U.S. Government Accountability Office (GAO).

4
As always, should you have any questions or concerns regarding your situation please feel free to call.
This publication provides summary information regarding the subject matter at time of publishing. Please call with any questions on how this information may impact your situation. This material may not be published, rewritten or redistributed without permission, except as noted here. This email includes, or may include, links to third party Internet Websites controlled and maintained by others. When accessing these links the user leaves this email. These links are included solely for the convenience of users and their presence does not constitute any endorsement of the Websites linked or referred to nor does have any control over, or responsibility for, the content of any such Websites. All rights reserved.
View as Webpage View as a web page Opt out Do not send future newsletters

This email was sent by
Byron L. Riley
Certified Public Accountant
5100 Westheimer, Suite 291
Houston, TX 77056-7705
info@byronrileycpa.com
Phone: (832) 303-3995
www.byronrileycpa.com

Find us on Facebook Follow us on Twitter Join our LinkedIn Network Visit us on Google+ RSS icon