Working with an experienced tax professional for tax preparation and tax planning can often result in reducing one’s tax bills or avoiding unnecessary surcharges. How often does an individual decide … [Read more...] about MEDICARE SURCHARGE PREMIUM – RETIREMENT PLANNING NEEDS TO BEGIN BEFORE RETIREMENT
ENERGIZE YOUR TAX RETURN – WITH RESIDENTIAL & NON-BUSINESS ENERGY TAX CREDITS
ENERGIZE YOUR TAX RETURN – WITH RESIDENTIAL & NON-BUSINESS ENERGY TAX CREDITS While politicians say that they are energy conscious, the tax credits associated with home improvements comes and … [Read more...] about ENERGIZE YOUR TAX RETURN – WITH RESIDENTIAL & NON-BUSINESS ENERGY TAX CREDITS
HOBBY VS. BUSINESS – PROFIT MOTIVE NEEDED
Starting a new business has many challenges. One of the more significant challenges is generating sufficient cash flows to sustain the business. Working with an experienced tax professional for tax … [Read more...] about HOBBY VS. BUSINESS – PROFIT MOTIVE NEEDED
HOW TO AVOID IRS ASSESSMENTS – S CORP SHAREHOLDER-EMPLOYEE NEEDS TO BE PAID A REASONABLE COMPENSATION
One of the most significant issues facing S Corporations is whether they pay their shareholder-employee(s) a reasonable compensation. Unfortunately there is no definition of “reasonable compensation” … [Read more...] about HOW TO AVOID IRS ASSESSMENTS – S CORP SHAREHOLDER-EMPLOYEE NEEDS TO BE PAID A REASONABLE COMPENSATION
Best College Savings Plans for 2013
A favorite tax planning strategy for many families is to contribute to a College Savings Plan. What some donors do is automatically make a contribution to the 529 plan in the state where the recipient … [Read more...] about Best College Savings Plans for 2013
Asset Protection – Auto Insurance Coverage
We recently were told the following story. Parents bought their son a car as a graduation gift (titled in parents’ names). When the parents called their auto insurance carrier and requested quotes, … [Read more...] about Asset Protection – Auto Insurance Coverage
