I was recently featured on Entrepreneur for advice on business and employee management =D

“Most employees don’t start their lives out looking to become sales reps or accountants,” says Cameron Keng, the firm’s founder. “Giving them the opportunity to continue their current responsibilities and take on additional work on the side or within the company in different departments of their interest is a great incentive. They’re still doing what they’re required, yet providing more value by helping other areas on their free time.”

You can check out the whole article here.

http://www.entrepreneur.com/article/224249

I was recently featured on Reuters for advice on startup founder equity and compensation =D

- Know your worth. It’s difficult to establish a ‘going rate’ in the start-up world, where some ventures take off and are sold for billions, and countless others crash and burn. But co-founders of technology start-ups could expect “a minimum of $60,000 to $80,000 in salary and equity,” says Cameron Keng, a New York City-based CPA. Early technical employees could expect even more than that, at $80,000 to $100,000, but likely with a smaller equity slice (and therefore less potential payoff).

- Split the baby. Your decision likely won’t come down to all-cash or all-equity. You can devise a blend of both that makes sense for both you and the company. “At this point, no one is going to work for equity alone unless it’s your own idea or company,” says Keng. “Everyone that’s going to be a valuable asset to their company is generally going to require a mix of both cash and equity.”

You can check out the whole article here.

http://www.reuters.com/article/2012/05/03/us-personalfinance-jobs-equity-idUSBRE8420M120120503

Cameron Keng is still in his pajamas. After coding all night at the alumni hotel on the LSU campus, he’s downing Coke Zero and catching some air before he heads to the back of the bus with his TaxCast co-founder, Sohel Siddique. Five new buspreneurs from Florida, founders of the newly created BumperCrop, have joined us today. After carrying their pillows down the aisle, they set up their laptops on one of the bus’s table configurations near TaxCast.

The TaxCast founders just spent the night on the floor of the hotel lobby, sleeping for two hours, from 5 to 7 a.m. “Someone came in and laughed at us,” says Keng. The Cook Hotel had only 40 rooms allotted for more than 150 entrepreneurs, and two guys had taken their room. So they used towels and jackets as blankets. “It was pretty shameless,” says Keng. They still managed to build an interactive spreadsheet, a tax-predicting algorithm, and an infographic asking the questions “How much in taxes do you pay? Are you struggling with receipts? Is the IRS your secret boogie man?”

http://www.businessweek.com/articles/2012-03-09/hitching-a-ride-on-a-startupbus-bound-for-austin-part-iii

Heyo guys, I was lucky enough to be featured on Fox News Business again as a tax expert.  Here’s a short excerpt:

Bulk up your IRA and 401(k). “Most people don’t realize that saving money for your IRA or 401(k) is
also a great way to plan for your future emergency medical
needs,” Keng says.

Using funds from these accounts before age 59.5 for medical expenses is an exception to the 10% early withdrawal penalty, but you still received the tax benefit over time, Keng says. If you can afford it, increase your contributions for a bigger tax benefit and to cover future out-of-pocket health-care costs.

Read more: http://www.foxbusiness.com/personal-finance/2012/04/06/how-to-save-for-long-term-health-care-costs/#ixzz1tSNMREB2

Woot!

I was recently featured on Fox News Business as a tax expert:

Deciding whether a child should be claimed as a dependent depends on a myriad of individual factors, but in general, it’s almost always best for parents to keep children as dependents for as long as they can, says Cameron Keng, a New York-based certified public accountant and enrolled agent.

Read more: http://www.foxbusiness.com/personal-finance/2012/04/03/when-to-claim-children-as-dependents-on-your-taxes/#ixzz1tSLkVleo

Some excerpts

Is the child over age 24, but not earning income? You can claim dependent children until they turn 19, unless they go to college, in which case they can be claimed until they turn 24. If your child is 24 years or older, they can still be claimed as a “qualifying relative” if they make less than $3,700 a year, according to Keng. In that case, the amount of tax savings is much higher for the parents than for the child.

Does the child have substantial medical expenses? Keeping your child part of your household means you can deduct their medical expenses under your own itemized deductions, Keng says.

If you are paying out-of-pocket for the child’s care, keeping them as a dependent makes financial sense. (Note: Under last year’s Affordable Care Act, your child may also be eligible for your medical insurance benefits until age 26, whether or not you claim him as a dependent on your tax return. See more at www.healthcare.gov).

Always nice to be appreciated =) lol.