Working with Jerry has literally taken a load off my back. He explains what you can and cannot do with clarity and makes “year end” a painless concept and not the nightmare we are all expecting to face. Jerry truly listens to our problems and concerns and customizes a product to our needs. He has put us “in control” of our business. You can’t go wrong when Jerry has your back!
Shirley & Jack S., Owner, Apex Grading
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What are Robocalls and Scam Calls?

What spam is to email, robocalls are to your phone. They’re annoying, automated, and often illegal pre-recorded messages. Cybercriminals use robocalls to steal information and money from victims.

Robocaller

As we’ve reported in a previous Malwarebytes blog, what spam is to email, a robocall is to telecommunications devices, such as home phones, mobile phones, and VoIP landlines. There is usually no real human behind a robocall, only an automated, pre-recorded message. And as the name suggests, the calls are made by computers.

Illegal robocalls generally contact recipients with the intention of stealing something from them. As such, they use scams, attempting to swindle you out of your contact number, your financial information, your identity, or anything else of value through dishonest means.

There is legislation that addresses robocalling and the scams they attempt to pull off. Just for good measure, here’s how The Telephone Consumer Protection Act of 1991 (TCPA) defines a robocall, also known as “voice broadcasting.” It is any telephone call that delivers a prerecorded message using an automatic (computerized) telephone dialing system, more commonly referred to as an automatic dialer or “autodialer. (more…)

How to Report Self-Storage Income

Is a self-storage facility in the business of providing customers with a service or merely renting space?  The distinction is important for income taxes. In fact, those who answered “service” and whose self-storage facility is profitable, may need to file amended tax returns to recoup taxes paid.

Self Storage Income tax tips

About Self-Employment Taxes

One of the distinctions between service and rental income is that rental income is not subject to self-employment taxes. Self-employment taxes include Social Security and Medicare taxes. The tax can be significant. The tax rate is 15.3 percent, but half of the tax is deductible.

Those who operate as sole proprietors or are taxed as partnerships are subject to self-employment taxes on income for services they provide. Rental income is not subject to self-employment tax. The distinction between a service and rental activity is not always clear. This is particularly true with self-storage, where some owners provide ancillary services in addition to renting space. Luckily, the courts have weighed in on this topic. (more…)


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Jerry Jones, CPA
The "Tax Planning" CPA
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