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Stories written by Sarah J. Fischer

Sarah J. Fischer, CPA, specializes in Tax planning and preparation services for individuals, and private companies for clients in several industries including auto dealerships, construction, manufacturing and medical practices. She is a member of American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants.

Save on college and taxes? It’s possible

Many families understand the value of higher education and desire to help their college-bound children accomplish this goal. There are numerous ways in which saving and paying for college education also can save income tax. The most common benefits include tax credits, deductions and savings plans. These incentives have different limitations on the tax benefit, […]

Reimbursements: Income to an employee or not?

When an employer advances or reimburses an employee for business expenses, there must be appropriate documentation to support the deduction as a business expense. Otherwise, these types of payments are considered additional wages subject to income and payroll taxes. Under Internal Revenue Service regulations, amounts paid under an accountable plan are excluded from income and […]

Investment in women leaders reaps rewards

In the 1950s, women accounted for less than 35 percent of the U.S. work force and were often were limited to such occupations as teachers, nurses and clerks. The situation is far different today, when women represent half the work force and mothers constitute the primary wage earner or co-earner in almost 68 percent of […]

Reimbursing employees for expenses: income or not?

When an employer advances or reimburses an employee for business expenses, appropriate documentation must support the deduction as a business expense. Otherwise, these types of payments are considered additional wages paid to the employee subject to payroll and income taxes. Under Internal Revenue Service regulations, amounts paid under an “accountable plan” are excluded from employee  […]

Five Steps to Financial Fitness

Are your personal finances in tip top shape, or could they use some care and attention? Maybe you want to retire early, move into a bigger home, take that dream vacation, build an emergency fund, or reduce your debt. There are numerous aspects to financial health. Ignore the health of your finances and risk exposure […]

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