Whether you found this page via Facebook, search engine, Twitter, or one of our existing clients, we’re glad you made it here safe and sound.
We designed this page to take as little – or as much – time as you want to spend on it. After I write a couple of sentences on a subject, I will have a <<Read More>>link that you can use to get the full scoop on the subjects that are of more interest to you. The most important thing in picking a cpa is determine his philosophy and approach with clients. I thing you’ll have that if you review just a few of the following links from our website.
Our updated website will do some amazing
things to help you with your tax planning strategies.
For those existing clients who haven’t seen just how much our free portal service can do, you really should check out the functionality in these new videos at the following links:
Now we’re going to up the client ante by offering another free service via the website. Let’s make some bold claims about what we’re going to deliver.
The new website service subscription service will be: <<Read More>>
New tax credit for hiring vets
President Obama has signed into law increased tax credits for hiring certain veterans. The credits are part of the Work Opportunity Credit, which requires that employers certify through state jobs agencies that employees qualify for the credits.
The credit rules effective for veterans hired as new employees:
– A maximum $4,800 credit (40% of the first $12,000 in qualifying wages) for veterans with a service-related disability hired within 12 months of discharge (no change from prior law).
Why most clients are in violation of their Quickbooks license and don’t even realize it!
Advice on Estate Planning
The state of estate tax
The “state” of the Estate Tax is …
… in a state of confusion, and that’s putting it mildly!
Originally, for those dying in 2010, there was no estate tax. Then Congress thought you might not be happy with this arrangement. So they created two methods of taxing estates and determining the basis of inherited assets (see our blog post entitled Could you actually deduct more than you paid for an asset?). You could have picked either method if you chose by mid-September of 2011. There was just one small problem. IRS hadn’t determined the method of selection by September 15, so the deadline was extended. Traditionally, couples would try to equalize the assets so as not to waste any of the estate exemption every US citizen is given. Now Congress has made the unused exemption “portable” (it can be used by the second to die), but only if you file an estate return to claim it. Thus, thousands who didn’t have to file may need to file an estate return to preserve the remaining spouse’s ability to utilize this new and, for the most part, unknown exemption..
At least one thing is crystal clear. The Federal exemption for estate and taxable gifts is scheduled to drop 80% at the end of 2012. If you’ve ever thought about gifting to your children or other heirs – don’t hesitate any longer.
Don’t like the “rich” getting lower capital gain rates? Don’t worry; it’s going up 67%!
Before the anti-capitalists rejoice too much . . .
what Washington is trying to do to us! Here’s something good for a smile.
PROFIT SHARING,ETC) how in the world is the small business owner going to find the time to decide on the best one?
It’s the ultimate toolbox for the business owner.
- Audio lecture on Asset Protection
- Tips on using your portal
- How to limit Quickbooks backups to the current year (be sure to see the link to IRS newest Quickbooks attack)!
- Update by guest editor Terry Brock on new technologies for your business
- New 2012 dollar limits on retirements plans
- Record retention schedule for your business
- Free excel worksheets
- and more
- Do you really need a Living Will?
- What assets need to go through probate?
- and more based on our clients’ feedback.
Payroll tax cuts – Are we really robbing the Social Security Piggy Bank?
Our left-leaning friends are often quite surprised at our position on continuing the payroll tax cuts. The reasoning goes something like this, “you call yourself a fiscal conservative yet you want to keep on raiding the social security trust fund? I just can’t believe you would do that!”
What most fail to understand is that,<<Read More>>
We believe that you should employ every legal method of lowing your taxes and thus increasing your cash flow.
I hope you agree with us that one’s approach and philosophy can make all the difference in Financial Planning.
If you would like our help in improving your cash flow and giving you the freedom to focus on running your business better, contact us.