Reg Baker CPA PFS

Please email me at reg@regbaker.com if you would like to opt-out of these emails. Just say "opt-out" in the subject line and it will be done. Mahalo!

Monday, March 26, 2018

Business in Hawaii with Reg Baker - Preserving Hawaii

Aloha!!

This week's Business in Hawaii is about preserving Hawaii's historical buildings and communities. ABC Stores is doing a great job of preserving Hawaii and her history. Hear Paul Kosasa, CEO of ABC Stores, explain how with Minatoishi Architects he is accomplishing so much.

The link - https://youtu.be/yvNrVMQDlio?t=24

Tax season is counting down. Only a few more weeks and pau. This year was much more complicated due to the tax passage of tax reform in December. This resulted in lots of confusion and challenges. Most of the returns I prepared for 2017 showed a nice tax savings for 2018 when considering the reduced tax rates combined with the increased tax brackets and doubling of the standard deduction. With this in mind please check out the blog post below.

For those that get paychecks, please note the following blog article I recently posted to put a few extra dollars in your pocket:

IRS Encourages a Paycheck Checkup

As we approach the end of a very complex and challenging tax season for both tax preparers and tax payers, the IRS is reminding all employees to do a "Paycheck Checkup".

The tax reform act that was passed in late December 2017 has significant implications for tax payers who receive a paycheck and have taxes withheld. Tax rates are lower for most and tax brackets are wider, which means less taxes need to be withheld. Combined with the doubling of the standard deduction, that 70% of taxpayers use, results in a real opportunity to significantly increase your "take home" pay.

First step is to get the updated and revised W-4 and complete as accurately as possible, especially the worksheet on page 3. Use this IRS link Form W-4. Give the competed W-4 to your employer and ask them to update their payroll records they have on you. Assuming your employer has the most recent payroll withholding tables issued by the IRS last month, you should see an immediate increase in your net paycheck (take home pay) in your next pay check.

Please see the full IRS newsletter using this link - IRS Paycheck Checkup

The sooner you do your paycheck checkup the faster you will see that increase in take home pay!

Aloha,

Reg Baker

Host of Business in Hawaii

& Small Business Advocate

Phone: (808) 753-6026

eFax: (866) 728-5419

Find more about Reg Baker at:

Please email me at reg@regbaker.com if you would like to opt-out of these emails. Just say "opt-out" in the subject line and it will be done. Mahalo!

Monday, March 19, 2018

Business in Hawaii with Reg Baker

Aloha!!

Hope all is well this very taxing time of the year…… Sorry, couldn't help myself with a little tax humor.

Young CPA's are changing the industry and this weeks Business in Hawaii show demonstrates why. Here is the link - https://youtu.be/UO-LM7UMjSU?t=29

Hawaii Business Magazine had an article about the positive aspects of increasing prices. Here is the link - Hawaii Business Magazine article by Reg Baker

Finally, an article on Tax Reform in Hawaii Business Magazine - https://www.hawaiibusiness.com/events/recap on tax reform

Three more weeks and tax season is over, at least for me. This year was particularly challenging because of al the confusion over tax reform and what the impact will be. From my recent experience this tax season, almost everyone will benefit except those making over $300,000 a year. They will pay more.

All the best till next week!

Reg Baker

Host of Business in Hawaii

& Small Business Advocate

Phone: (808) 753-6026

eFax: (866) 728-5419

Find more about Reg Baker at:

Please email me at reg@regbaker.com if you would like to opt-out of these emails. Just say "opt-out" in the subject line and it will be done. Mahalo!

Sunday, March 11, 2018

business in Hawaii with Reg Baker - Preparing Students for Success.

Aloha and Welcome to this week's Business in Hawaii with Reg Baker.

Be prepared to be impressed!! This week on Business in Hawaii, I interviewed Shayne Greenland, Academy Principle at Campbell High School and two of his top students. I was very impressed, and I know you will be too. We talked about how James Campbell High School is preparing their students for success. Whether it is going on the college, a trade school and a job, these Campbell High School students will be prepared.

Congrats to all at James Campbell and especially the very impressive students. Here is this weeks Business in Hawaii link:

https://youtu.be/GyMYUlgFTd0?t=26

And in the spirit of tax season, please check out this 4 minute training video on how the US tax system works using beer as the learning prop. A very simple but effective lesson on taxes and economics. Here is the link –

https://youtu.be/BomQxCG5VG4

With much Aloha form Hawaii,

Reg Baker

Host of Business in Hawaii

& Small Business Advocate

Phone: (808) 753-6026

eFax: (866) 728-5419

Find more about Reg Baker at:

Please email me at reg@regbaker.com if you would like to opt-out of these emails. Just say "opt-out" in the subject line and it will be done. Mahalo!

Sunday, March 4, 2018

SBA Hawaii Offers Plenty!

Aloha!

The SBA offers so much to small businesses in Hawaii. Learn about it by watching this week's Business in Hawaii video.

Jane Sawyer and Reg Baker have worked together supporting small businesses in Hawaii for almost 30 years. As a result, SBA Hawaii has assisted thousands of small businesses and nurtured them to success. Some of these small businesses have been recognized nationally as the best small businesses in the US.

Watch and learn what the SBA can do for you and your small business to ensure success. Here is the link to this week's show:

https://youtu.be/ydb33phFUvU?t=28

Till next week!

Reg Baker

Host of Business in Hawaii

& Small Business Advocate

Phone: (808) 753-6026

eFax: (866) 728-5419

Find more about Reg Baker at: