There's a new tax break this year, and you'll want to update your budget to accommodate it. The compromise tax legislation passed in December included a payroll tax cut for 2011. * How it works when you're an employee: Your employer will deduct less social security...
Our firm has been preaching doom and gloom all year regarding higher tax brackets, alternative minimum tax affecting 20 million people, and tax credits being cut back. We can breathe a sigh of relief as President Obama decided to grant us an early Christmas gift...
The best time for tax planning is now, right before the end of the year. The reason why is there is still time to make changes that will impact how much taxes you pay. Several things with regards to the tax laws have changed this year, so it's...
In a down economy making good decisions is critical. These informed decisions should come from accurate financial numbers. Numbers determine which levers to pull to increase your profits. Businesses need to review and analyze their numbers periodically. Many business...
When it comes to income taxes it is crucial to find someone who you can trust and will do a good job. How should you start by going about finding a tax professional? It’s easier to ask for referrals first before leafing through the yellow pages. I would suggest by...
Who needs a buy-sell agreement? A buy-sell agreement is needed for every co-owned business. Every day that value is added to the business increases the financial risk when this agreement isn’t in place. Business owners often ask CPAs about how useful buy-sell...
Business Entity Selection When starting a business you must decide what type of business entity you are going to establish. It is important to consider the legal and tax implications for the different types of entities before you make this decision. Listed below...
