Dangers in Shareholder Loans Continue

Loans between shareholders and closely held corporations are subject to special tax scrutiny and if not properly documented, can produce adverse tax results. Loans from corporations to shareholders are the subject of an IRS Audit Technique Guide that stresses the … Continued

Choosing the Right Type of Business

CHOOSING THE RIGHT TYPE OF BUSINESS ENTITY IS AN IMPORTANT DECISION If you are forming a small business, you face several choices: Sole Proprietorship, Partnership, C-corporation, S-corporation, Limited Liability Partnership and Limited Liability Company. Here are the basics. When you … Continued

April 2016 Client Bulletin

Our April 2016 client bulletin takes a look at: Deducting sales tax Making charitable donations from your IRA Higher education tax breaks Tax-free investment gains  Click to download client bulletin.

March 2016 Client Bulletin

Our March 2016 client bulletin takes a look at: The details of deducting charitable donations How to make tax-efficient IRA withdrawals, and The growing importance of cybersecurity for business owners Click to download client bulletin PDF.

February 2016 Client Bulletin

Our February 2016 client bulletin takes a look at the intricacies of deducting interest paid, reaching the IRS during tax season, and the importance of portability in estate tax planning. Click to download client bulletin PDF.

January 2016 Client Bulletin

Our January 2016 client bulletin takes a look at the tax deductions like state taxes and IRA contributions, as well as ways to approach selling your company to an “outsider”.   Click to download client bulletin PDF.

December 2015 Client Bulletin

Our December 2015 client bulletin takes a look at the tax impact of long-term investing, the estate planning benefits of a QTIP Trust, and how employers can prepare for the forthcoming ‘Cadillac Tax’ on high-end health insurance plans.   Click … Continued