Starting a new business? Make sure your business entity fits your needs. There are six basic entities you can choose from. These six entities are governed by federal and state laws and have varying federal income tax rules.
A sole… Read More
The long-awaited decision on tax extensions was announced on Dec. 16, 2014, when Congress passed the Tax Increase Prevention Act of 2014 (TIPA), which the President signed into law on December 19, 2014. The Act extends a host of tax… Read More
No year-end newsletter by a CPA firm would be complete without a Top 10 Tax Savings list. Below is a list of our best tips for minimizing your tax burden with tax savings strategies:
Defer income or accelerate deductions
It… Read More
Cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015 have been announced by the IRS. Many of the pension plan limitations will change for 2015 because the increase in the cost-of-living index met… Read More
What do George Bush, Bill Gates and Mark Zuckerberg have in common with my sister, the partners of Anders, and me? The connection might not be immediately apparent… All of us, along with a reported 1.7 million other people, have… Read More