The Ruby Freelancers Show 011 – Taxes and Finances with Scott Sweeney

E. Scott Sweeney, CPA (email 801-756-3394)
Charles Max Wood (twitter github Teach Me To Code Rails Summer Camp)
Eric Davis (twitter github blog)
Jeff Schoolcraft (twitter github blog)

Why you want a CPA?

Accurate Returns
Tax Savings
Understanding of Tax Code


You'll likely wind up paying taxes rather than getting a return.
Home Office Deductions
Itemizing Your Return
Likelihood of getting audited
Keep your receipts on every expediture
Mileage - Begin odometer reading and ending odometer reading
The IRS cannot audit you back 4 year
Statute of limitations on fraud is 7 years
Tax deadline for 2012 is April 17.
Failure to pay penalty
Filing an extension avoids the failure to file penalties
Officer's salary in an S-Corp or a guaranteed payment in an LLC
Wages and salary vs draws and dividends
Self employment tax is 13.3%

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Scott Sweeney CPA (Chuck)
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