Erin Arvedlund of Phillynews.com recently wrote an article alerting consumers about health care providers and “bed hold” charges. We believe that many persons are unaware as to what a “bed hold” … [Read more...] about How to Avoid a Geriatric Surprise Bill
Taxpayer Not Entitled to Unsubstantiated Employee Business Expenses and Hit With 20% Understatement of Tax Penalty
In the U.S. Tax Court case of Chaudry, T.C. Summary Opinion 2015-74, (Dec. 21, 2015), an individual’s claimed unreimbursed employee business expenses were disallowed when audited by the IRS. In … [Read more...] about Taxpayer Not Entitled to Unsubstantiated Employee Business Expenses and Hit With 20% Understatement of Tax Penalty
6.5 Million Individuals in U.S.A. Are Age 112 or Older. Really?
We think it relevant to remind individuals to periodically check on their Social Security earnings and future benefits. The Social Security Administration (SSA) provides an online service which we … [Read more...] about 6.5 Million Individuals in U.S.A. Are Age 112 or Older. Really?
Starting Your Own Business?
In our book “Empower Your Business to Reach Its Full Potential, Your Road Map to Planning and Executing a Successful Business”, we discuss the challenges and pitfalls entrepreneurs face when they … [Read more...] about Starting Your Own Business?
Is S Corporation Required to Pay Shareholder/Employee a Salary?
Generally when an S Corporation has a shareholder/employee who owns at least two percent of the stock of the S Corporation, the S Corporation is required to pay that employee (and related parties) a … [Read more...] about Is S Corporation Required to Pay Shareholder/Employee a Salary?
Age-Weighted Profit Sharing Plan
Business owners value their employees and want to reward them for their contributions to the business. One way of doing so is to provide a retirement plan for their employees. As a business owner, … [Read more...] about Age-Weighted Profit Sharing Plan
