Tax Planning is Important According to a recent report from the Treasury Department, the IRS is stepping up its audit efforts with a focus towards tax evasion. Many of these situations can be avoided by simply sitting down with your accountant before the end of the...
Do you know of anyone who has started up a business this year? Did you know that, according to the SBA, over half of start up companies fail in the 1st 3 yrs because of a lack of knowledge and planning. We have the experience and knowledge to help startups with the...
Time is Running Out for 2012! Time is running out to make tax-saving moves for 2012. Here’s a sampling of ideas to consider. * Maximize the contributions to your employer’s tax-deferred retirement savings plan, thereby saving taxes immediately and deferring taxes on...
Funding Education Costs As everyone knows, the cost of higher education goes up each year. While many of us are already familiar with 529 plans and education IRAs, many realize that contributions to these plans, do not generate any tax deduction for the donor. One...
The time to start Tax Planning is Now! Now that the end of the year is approaching, be sure to contact the office for a tax planning appointment if you’ve encounted aany significant changes in your tax lives like a sudden increase in wealth or maybe even a loss....
How are Insurance Reimburements Taxed? When you suffer a property loss, and it is covered by business or homeowners insurance, you can typically expect to receive some reimbursement under yourinsurance policy. Although you are receiving money, it isn’t always...
