By Susan Doktor See that cooing, cuddly bundle of baby love you’re rocking in the cradle right now? You’ll be sending him or her off to college in the blink of an eye. Don’t believe me? Ask one of the millions of parents who came up short-handed when tuition bills were due because they didn’t […]
A Parent’s Guide to Financial Planning for Higher Education Read More »
By Susan Doktor See that cooing, cuddly bundle of baby love you’re rocking in the cradle right now? You’ll be sending him or her off to college in the blink of an eye. Don’t believe me? Ask one of the millions of parents who came up short-handed when tuition bills were due because they didn’t
A Parent’s Guide to Financial Planning for Higher Education Read More »
What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that can come into play. One area that involves judgment and expertise is when it comes to interpreting tax codes for various purposes such as taking deductions or understanding how ambiguous
Ethical Concerns in Using Tax Planning Software Read More »
By Paul S. Hamann & Jack Salewski, CPA, CGMA Having a Reasonable Compensation figure that is “reasonable” isn’t enough anymore. With the IRS turning up the heat on Reasonable Compensation compliance [See IRS TECH TARGETS S CORP OFFICER COMPENSATION], having that figure backed up by a credible source and documented is now critical in order to
IRS Turning Up the Heat on Reasonable Compensation Compliance Read More »
What does personal goodwill have to do with the sale of a business? Business owners looking to maximize their profits from selling their shares or assets will need a strategy to reduce the tax consequences. This is especially true for the sale of a C corporation since this business type is taxed separately from its
Three Requirements for Using Personal Goodwill to Reduce Taxes Read More »
Tax planners can provide tremendous value in the sale of a business. Business owners and shareholders may not be aware of the tax consequences that will come with selling their shares or assets—and offsetting these costs requires a thoughtful tax strategy. This is especially true for the sale of a C corporation since this business