When you’re developing your estate plan, one powerful tool to consider is a charitable remainder trust (CRT). A CRT may enable you to reduce your liability for income and estate taxes and diversify your assets in a tax-advantaged manner. How Charitable Remainder Trusts (CRT) Work[...]
If your company is successful and requires frequent business travel, you’ve probably sat in many airports dreaming of buying a corporate airplane. Before making the leap, you should be aware of the tax and other implications. When Does It Make Sense to Consider Purchasing a[...]
Employers can qualify for a tax credit known as the work opportunity credit that is worth as much as $2,400 for each eligible employee ($4,800, $5,600 and $9,600 for certain veterans and $9,000 for “long-term family assistance recipients”). The credit is generally limited to eligible[...]
Many customers ask us if they can deduct clue dues. It’s a logical question, especially since you may entertain customers at your club. Many feel it’s relevant to business. These dues may or may not be deductible, depending on the type of club and its[...]
James Curran CPA/PFS discusses the recent changes to the Paycheck Protection Program with the passing of the PPP Flexibility Act.
Alan Dierker, CPA answers questions regarding unemployment benefits under the CARES Act.
We’ve been getting a lot of questions from our clients this past week on the PPP loans program. To help address some of these top questions, we prepared a short video. We’ll work on adding additional content in the future.
If you’ve recently started a business, or are in the process of starting one now, you should be aware that the way you treat some of your initial expenses for tax purposes can make a big difference in your tax bill. Generally, expenses incurred before[...]
IRS Newswire FS-2013-9 Many employers outsource their payroll and related tax duties to third-party payers such as payroll service providers and reporting agents. Reputable third-party payers can help employers streamline their business operations by collecting and timely depositing payroll taxes on the employer’s behalf and[...]
A company called Corporate Records Service has mailed solicitations titled “2013 – Annual Minutes Form” to corporations in Missouri, as well as other states. The company is offering to complete corporate meeting minutes on behalf of the corporation for a fee. The solicitations are being[...]