Under the Affordable Care Act, large employers must either offer “minimum essential coverage” that is “affordable” and that provides “minimum value” to their full-time employees and their dependents, … [Read more...] about HOW THE AFFORDABLE CARE ACT AFFECTS EMPLOYERS WITH LESS THAN 50 EMPLOYEES
“You Are Going to Be Arrested” says the Criminal
Scammers are calling taxpayers and threatening to have a magistrate come to their home unless they pay their IRS tax debts. The IRS has reported that it is seeing a significant increase in automated … [Read more...] about “You Are Going to Be Arrested” says the Criminal
THE BANK SECRECY ACT MAKES SELF-PREPARED TAX RETURNS VERY EXPENSIVE
Every year we have new clients come to us to have their personal tax returns prepared because they are finding complying with the U.S. tax laws too complicated or preparing the returns consumes too … [Read more...] about THE BANK SECRECY ACT MAKES SELF-PREPARED TAX RETURNS VERY EXPENSIVE
SHAREHOLDER COMPENSATION – BE PRUDENT AND TAKE THE NECESSARY STEPS TO DOCUMENT REASONABLENESS
We periodically remind our S Corp. clients of the importance of paying themselves a reasonable salary. We offer to perform a reasonable compensation analysis for them for a nominal cost, especially in … [Read more...] about SHAREHOLDER COMPENSATION – BE PRUDENT AND TAKE THE NECESSARY STEPS TO DOCUMENT REASONABLENESS
ESTATE (NON) PLANNING – IT SADDENS US TO HEAR
How sad it is to hear from a client that a loved one passed away and there was no estate plan in place. Grieving over the loss of a loved one is difficult enough without having to face the challenges … [Read more...] about ESTATE (NON) PLANNING – IT SADDENS US TO HEAR
LOAN GUARANTY CREATES IRA CRISIS
Listen to the pitch, and then lose your shirt! Taxpayers are always looking for a means to reduce taxes and to use the Tax Code to their advantage. There is ABSOLUTELY nothing wrong with doing so. … [Read more...] about LOAN GUARANTY CREATES IRA CRISIS
