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Why You May Want to Rethink DIY Accounting for Your Business

Why You May Want to Rethink DIY Accounting for Your Business

Unless you’re a whiz at numbers, accounting may not be your favorite part of being an entrepreneur. Still, bookkeeping, financial statements, taxes, and many other accounting-related tasks are absolutely essential for the success of any business, whether you’re in...

How Paducah Taxpayers Can Wisely Spend A Tax Refund

How Paducah Taxpayers Can Wisely Spend A Tax Refund

By the time you read this, the tax deadline will have just passed and our Paducah tax office will be taking a long, deep breath. (Serenity now!) These days have been a whirlwind of activity for us here at M Dean Owen, CPA, PSC, and not just because of tax...

How Paducah Retirees Can Stretch That Retirement Fund

How Paducah Retirees Can Stretch That Retirement Fund

You might not feel this as much in your bones as we do here, but the tax deadline is getting very close. This year, for reasons that at this point in our season would take way too long to explain, the tax deadline is April 18th (not 15th).We’re...

House Hacking Guide for Paducah Homeowners

House Hacking Guide for Paducah Homeowners

There’s a lot going on out there right now as the visible signs of spring begin to emerge. While the birds sing with the morning sun and longer hours of sunshine brighten everyone’s outlook – the whistle of mortar shells continues to echo throughout Ukraine and the...

Dean Owen’s Perspective on Tax Filing Extensions

Dean Owen’s Perspective on Tax Filing Extensions

Today’s issue we’re diving into tax filing extensions… and Paducah people do this for all kinds of reasons. Truthfully, extended deadlines and delays have been pretty commonplace in the tax world over the last few years. Sometimes life smacks you in the face and you...

NFT Tax Implications for Paducah Investors

NFT Tax Implications for Paducah Investors

While many things are dividing the world right now, it’s good to know people can still unite around shared interests… like college basketball. According to an American Gaming Association (AGA) survey, something like 45 million people planned to wager $3.1...

2021 Tax Credits Paducah Taxpayers Can Bank On

2021 Tax Credits Paducah Taxpayers Can Bank On

Believe me, I’ve seen some of the craziest tax claims in my office over the years, but claiming captured military equipment hasn’t been one of them. Recently the Ukrainian government assured its people they wouldn’t be held liable for taxation on any Russian...

Tax Identity Theft Protection Tips for Paducah Taxpayers

Tax Identity Theft Protection Tips for Paducah Taxpayers

Change is sneaky… and (often) sudden, catching the best of us off guard and forcing us to scramble for some steady ground. Just consider the war in Ukraine. We’ve all been surprised by how quickly things have escalated in the last two weeks and by the devastation...

Factors Affecting Paducah Taxpayers’ 2021 Tax Refund

Factors Affecting Paducah Taxpayers’ 2021 Tax Refund

The world seems to be hanging on a razor's edge.There’s a lot of fear going around with Russia’s invasion of Ukraine last week. With a 24-hour news cycle, a heap of different internet sources, social media feeds, and more, it’s difficult to not give in to it all… and...

Credit Cards: A Money Management for Paducah Teens Tool

Credit Cards: A Money Management for Paducah Teens Tool

Well, before I jump into money management for teens, let’s focus on the fact that a month has gone by since the beginning of tax season. And boy has it been a veritable whirlwind of activity in the M Dean Owen, CPA, PSC office. We’ve got our arms deep in the returns...

How to Reduce Taxes in Retirement: Dean Owen’s Pro Advice

How to Reduce Taxes in Retirement: Dean Owen’s Pro Advice

Before I get into today’s discussion on how to reduce taxes in retirement, let’s talk about the combined excitement of the Super Bowl, the Olympics, and Valentine’s Day that has swept Paducah homes and businesses the past week. A surge of football parties, hours...

Retirement Contribution Tax Deductions for Paducah Filers

Retirement Contribution Tax Deductions for Paducah Filers

So, I’m not one for constant gloom-and-doom talk, but I do believe in giving it to you straight. And here it is:Things at the IRS are a maelstrom of hot mess. Some very serious voices are sounding the alarm of impending disaster at the agency ... and no one really...