One of the things that small businesses – and often mid-sized ones too – don’t do well is bookkeeping, the source of all their financial reports. When money to (1) expand the sales and marketing team, or (2) add new products, or (3) pay bonuses to the owners, have to...
If you have been considering selling your business, or any other asset that will generate a handsome long-term capital gain, Consider this – compliments of Janas Associates, an investment banking partner of ours: “The Biden Administration has indicated a...
The following VERY long post is compliments of Morningstar, which provided a good recap of the rates and due dates for 2018 and 2019 tax filers. The year 2018 ushered in seismic tax-code changes that you’re likely to see reflected on your 2018 return: notably,...
This note is for the personal tax planning of our clients and friends. With the passage of the new tax law, the interest expense you pay on any home equity line of credit (“HELOC”) is no longer deductible on your federal return. However you can carry up to...
You may recall a recent IRS proposal to have nonprofit organizations collect and report the social security numbers of large donors (large being over $250, if you can believe that). Thanks to the quick responses of over 38,000 citizens, the proposal was withdrawn and...
