Exceptional People. Innovative Ideas. successful Clients. 

Tax Newsletter

by posted Dec 1 2017 11:00:00 AM
EDUCATE EMPLOYEES ON REQUIRED MINIMUM DISTRIBUTION RULES The deadline for taking 2017 required minimum distributions (RMDs) is rapidly approaching: December 31, 2017. If you own a business and offer a 401(k) plan, it’s a good time to think about how you can make sure your older employees are aware of the RMD obligations, including how the
by posted Nov 6 2017 7:59:00 AM
HANDLE WITH CARE: MUTUAL FUNDS AND TAXES Many people overlook taxes when planning their mutual fund investments. But you’ve got to handle these valuable assets with care. Here are some tips to consider. Avoid year-end investments Typically, mutual funds distribute accumulated dividends and capital gains toward the end of the year. But do
by posted Oct 3 2017 3:24:00 PM
HOW TO STEER CLEAR OF TAX ISSUES RELATED TO SHAREHOLDER LOANS Owners occasionally need to borrow funds from their businesses. If your business is structured as a corporation and it has extra cash on hand, a shareholder loan can be a convenient and low-cost option — but it’s important to treat the transaction as a bona fide loan. If y
by posted Sep 7 2017 9:15:00 PM
DO YOU NEED THE PROTECTION OF A D&O INSURANCE POLICY? Your efforts toward ensuring your financial security might be focused on building up your assets through wise investing or growing your business. But protecting the assets you already have is just as important. And if you serve as a director or officer of a company, or even sit on the boa
by posted Aug 8 2017 4:04:00 PM
SHOULD YOU CONVERT FROM A C CORPORATION TO AN S CORPORATION? Many private business owners elect to incorporate, turning their companies into C corporations. But, at some point, you may consider converting to an S corporation. This isn’t necessarily a bad idea, but it’s important to know the ramifications involved. Similarities and d
by posted Jul 7 2017 3:56:00 PM
WHY YOU SHOULD (OR SHOULDN'T) PURSUE AN ACQUISITION Like so many aspects of the national and global economies, merger and acquisition (M&A) activity tends to wax and wane. Nonetheless, billions of dollars continue to change hands annually, and an acquisition can be a great way to grow a business. So if one of these deals comes your way, it&r
by posted Jun 5 2017 9:20:00 AM
IN DOWN YEARS, NOL RULES CAN OFFER TAX RELIEF From time to time, a business may find that its operating expenses and other deductions for a particular year exceed its income. This is known as incurring a net operating loss (NOL). In such cases, companies (or their owners) may be able to snatch some tax relief from this revenue defeat. Under the
by posted May 3 2017 10:36:00 AM
COULD A COST SEGREGATION STUDY SAVE YOUR COMPANY TAXES? If your business has acquired, constructed or substantially improved a building recently, consider a cost segregation study. One of these studies can enable you to identify building costs that are properly allocable to tangible personal property rather than real property. And this may allow
by posted Apr 5 2017 8:43:00 AM
REVIEWING YOUR COMPANY'S BUY-SELL AGREEMENT If you own a business and follow professional advice, you’ve likely established a buy-sell agreement in case you or a co-owner voluntarily or involuntarily leaves the company. Assuming this is true, remember that it’s not enough to draft an agreement and put it in a safe place. You need to
by posted Mar 3 2017 8:53:00 AM
GOT NEXUS? FIND OUT BEFORE OPERATING IN MULTIPLE STATES For many years, business owners had to ask themselves one question when it came to facing taxation in another state: Do we have “nexus”? This term indicates a business presence in a given state that’s substantial enough to trigger the state’s tax rules and obligati
by posted Feb 2 2017 9:23:00 AM
  CONSIDER SEPARATING REAL ESTATE ASSETS FROM YOUR BUSINESS Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on the property. Or legal liabilities encountered by the company could affect property ownership. But there are valid and potentially be
by posted Jan 3 2017 3:04:00 PM
DAFS BRING AN INVESTMENT ANGLE TO CHARITABLE GIVING If you''re planning to make significant charitable donations in the coming year, consider a donor-advised fund (DAF). These accounts allow you to take a charitable income tax deduction immediately, while deferring decisions about how much to give — and to whom — until the time is righ
by posted Dec 1 2016 3:01:00 PM
DON'T LET CAPITAL LOSSES GET YOU DOWN No one wishes to lose money on an investment. But, if it happens to you, don’t let it get you down. You may be able to lower your tax bill to cheer yourself up. The bright side A capital loss occurs when you sell a security for less than your “basis,” generally the original purchase pr
by posted Oct 3 2016 9:09:00 AM
TAKE THE WORRY OUT OF BUSINESS VALUATIONS Appraisals can inspire anxiety for many business owners. And it’s understandable why. You’re obviously not short on things to do, and valuations cost time and money. Nonetheless, there are some legitimate reasons to obtain an appraisal regularly or, at the very least, to familiarize yourself wi
by posted Sep 1 2016 12:41:00 PM
AMT AWARENESS: BE READY FOR ANYTHING When it comes to tax planning, you’ve got to be ready for anything. For example, do you know whether you’re likely to be subject to the alternative minimum tax (AMT) when you file your 2016 return? If not, you need to find out now so that you can consider taking steps before year end to minimize pot
Showing 1 - 15 of 65 records.
Archived Newsletters