5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season
Do you feel that you pay too much in tax? You’re not alone. The General Accounting Office estimates that Americans over-pay their taxes by almost
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Tax Planning Software – Artificial Intelligence or Skill Saw?
By Dominique Molina, CPA MST CTS Question: How much time should I devote to studying tax planning? Can’t I just select a software providing artificial
Selling an S Corporation: Using a Stock Redemption for Tax Benefits
As part of the tax planning process, business owners looking to sell their S corporation first need to establish whether they are selling the stock
Selling an S Corporation: How to Maximize Tax Savings in an Asset Sale
Business owners looking to sell their S corporation may start to get tangled up in all the details, especially if they are a first-time seller.
Evaluating a Tax Preparer: Understanding Reasonable Tax Positions
One of the many benefits of working with a tax professional is the guidance they provide in developing tax return positions that substantiate why certain
Evaluating a Tax Preparer: Determining a Fair Fee
As news headlines proclaim stories of tax fraud, taxpayers may wonder how they can trust that their tax preparer is abiding by ethical practices. Fortunately,
Taking Care of Your Business: Estate Planning for Business Owners
Success in your business should be a reason to celebrate and take pride in your accomplishments. Yet as a savvy business owner, you also need
Meet Your Local PVA!
Somewhere within your county, likely at this very moment, a Property Valuation Assessor (PVA) is determining the value of a specific piece of property. Who
Real Property Tax Basics
Property tax is one of our country’s oldest taxes; it was even established prior to federal income tax. As far back as the founding of
Forgivable Expenses
Good news on forgivable expenses! There is a lot more that is eligible for forgiveness, and not just for new loans. The expanded categories apply
Life Insurance Policy Loan: A Tax Nightmare
Bruce Brown fell into the life insurance policy loan trap. Brown, a commercial litigation attorney, purchased a life insurance policy from Northwestern Mutual Life Insurance