Time for post-filing season checkup
Your 2011 tax return has been filed, or you have properly filed for
an extension. In either case, now it’s time to start thinking
about important post-filing season activities to save you tax in...
Countdown to Supreme Court’s health care decision
After three days of oral arguments in March, the Supreme Court is
deciding the fate of the Pension Protection and Affordable Care Act
(PPACA) and its companion law, the Health Care and Education
Recon...
Congress eyes retirement savings plans in push toward tax reform
Proposals to reform retirement savings plans were highlighted
during an April 2012 hearing by the House Ways and Means Committee.
Lawmakers were advised by many experts to move slowly on
making ...
How do I: Compute Code Sec. 1231 gains and losses?
Code Sec. 1231 applies to gains and losses from property used in
the trade or business and from involuntary conversions. Normally,
you have to determine whether property is a capital asset or is
ordin...
FAQ: What is a family partnership?
The family partnership is a common device for reducing the overall
tax burden of family members. Family members who contribute
property or services to a partnership in exchange for partnership
interes...
May 2012 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for
individuals...
How Do I? Convert from a traditional IRA to a Roth IRA?
You have carefully considered the multitude of complex tax and
financial factors, run the numbers, meet the eligibility
requirements, and are ready to convert your traditional IRA to a
Roth IRA. The q...
Tax tips in a falling stock market
In a period of declining stock prices, tax benefits may not be
foremost in your mind. Nevertheless, you may be able to salvage
some benefits from the drop in values. Not only can you reduce your
taxab...
How Do I? Deduct a bad debt on my individual income tax return?
Nonbusiness creditors may deduct bad debts when they become totally
worthless (i.e. there is no chance of its repayment). The proper
year for the deduction can generally be established by showing
that...
How Do I? Figure the first-time homebuyer tax credit?
The Housing Assistance Tax Act of 2008 (2008 Housing Act) gave a
boost to individuals purchasing a home for the first time with a
$7,500 first-time homebuyer tax credit. The credit was enhanced
from $...
Internal controls and the small business owner
As you open the doors of your new business, the last thing on your
mind may be the potential for loss of profits through employee
oversight or theft - especially if you are the only employee.
Howev...
Newsletters
Thank you for visiting our Website. Our dedication to quality client service has brought us to the Internet as we endeavor to provide the highest quality professional service and guidance.
We've designed this Website for you as a "one-stop shop" for many of your immediate financial questions and concerns. Our Website features the following pages, developed to keep you up-to-date and informed:
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NEWSLETTER- Our online client newsletter is updated constantly and is an easy way to keep current on tax and financial matters.
FINANCIAL TOOLS- To refinance or not refinance? When can I retire? How much can I afford? These are just a few of the many questions that can be addressed with our helpful interactive financial calculators & tools.
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