Written By: Doug Rodrigues

Is your business the right entity type?

Written by November 5, 2018

Small business owners have multiple entity options available to them, including C corporations and pass-through entities, such as S corporations, partnerships and LLCs. The pass-through options provide legal protections and avoid double taxation, but also have other factors to consider. for instance, one entity, depending on its use, can be audited more frequently than others and can also cost up...

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Here’s why your 2018 tax bill may be different

Written by October 25, 2018

Even if you received a tax refund in 2017, there are plenty of things that can cause your taxes to rise. Consider the following big tax law changes that could affect what you owe this year: Removal of the personal exemption. While the rates are lower, the personal exemption has gone away. Capping of the state and local tax deduction...

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The Rumors of my Retirement are untrue

Written by July 12, 2018

Recently, it has come to my attention that many folks feel that I have merged D.E. Rodrigues and Company with Jardim and Marotta in order to retire. This could not be further from the truth! Neither myself, Rose Jardim , nor Christie Marotta plan to retire or sell our practices in the future. The offices are also not being moved...

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Considering divorce? Think about your tax filing status

Written by May 14, 2018

The advantage of filing a joint tax return is well known — couples generally save money when compared with filing separately. However, there is at least one potential disadvantage. Both spouses are liable for the entire income tax bill, including interest and penalties, even if one earned most or all of the income. The joint-filing downfall This issue most commonly...

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Midyear tax planning is critical this year

Written by April 24, 2018

Midyear tax planning is critical this year With big tax changes scheduled to take effect in this year, every business should make time for a midyear tax review. Here are five tax-cutting ideas to consider as part of your review. 1. Hire your kids. If your child is under age 18 and works for your unincorporated business, there are no social...

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What to do when you need more time to pay.

Written by April 16, 2018

All taxpayers should file on time, even if they cannot pay what is owed. This saves them from a potential failure to file penalty which can become significant over time, up to 60%! This plus the failure to pay penalty and the numbers can really add up.  Filing an extension is only an extension to file the form, not pay...

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Want a successful business? Delegate

Written by April 11, 2018

It’s easy to get in the mindset that if you want things done the right way you have to do them yourself. But that isn’t always the best approach at work, even if you firmly believe you’re the best person for the job. There simply isn’t enough time in the day, especially if you have a business to run. Limke...

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How to make the most of your tax refund

Written by April 9, 2018

Are you receiving a tax refund this year? No doubt you’ve already heard about why you shouldn’t be giving the government an interest-free loan. Maybe you’ve decided to revise your withholding or estimated tax payments to reduce the amount of next year’s refund. Either way, you have options. Financial planning means creating effective strategies that work for you.  The more...

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Incorporate or not: What’s best for your business?

Written by April 6, 2018

If you’re a business owner, one of the first questions to ask yourself is whether or not you should incorporate. The biggest advantage of incorporating is that it limits your legal liability. Your responsibility for debts and other liabilities incurred by a corporation is generally limited to the assets of the business. Your personal assets are not usually at risk,...

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Extensions available for 2017 tax returns

Written by April 3, 2018

If you aren’t able to finish your federal income tax return by the April 17 deadline, you can still get an automatic six-month extension. Even if you file for an extension, you are required to pay any taxes you owe by this filing deadline. An extension gives you more time to file your tax return, but not more time to...

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