While I initially felt that “6 Bad Money Habits And How To Break Them” might be a little basic for our group, as I reflected on the clients we have served over the last 30 years, I realized that “back to basics” as a theme never hurts. One of the first points the author makes [...]
Like most kids growing up I had to learn the importance of telling the truth. To encourage that Dad used to say “You will be in far less trouble telling me the truth than if you lie to me.” The message was clear; either way there will be an undesirable consequence BUT coming clean always [...]
Most business owners should cheer that the House voted to repeal this reporting requirement for businesses that was slated to take effect in 2012. The Senate is on board with the repeal as well but the issue is how the estimated revenue from this reporting requirement will be replaced. In my opinion this reporting change [...]
Honestly my father and his generation (World War II Vets) would be absolutely appalled at the lack of manners that exists in today’s world. Seriously, how many of you “men” actually stand up when a woman leaves the table? When was that last time you stood up when she returned? How about opening the car [...]
Throughout the past year we have spent much time anticipating whether or not the Bush tax cuts would be extended; well as you all know they were. One consequence of the extensions happening so very late in the year is that the IRS can’t accept individual income tax returns for those who itemize until February [...]
I love this time of the year perhaps more than any other. From a business perspective we have moved well into our “busy season”, which actually starts during the third quarter of each year, and have done much of the planning to ensure its success. There is another layer of planning beyond the “plain vanilla” [...]
The following is the 2nd part of the summary (see below) of the Tax Relief Act of 2010 and is provided compliments of UHY Advisors, Inc. UHY is a tax and business advisory services firm with whom we have had a strategic partnership with for over 25 years: Changes to the Federal Estate Tax Law [...]
For anyone following our blog for the past several months you know it has been our opinion that the Bush tax cuts would be extended. Well that is exactly what happened. More specifically, on December 16, 2010 Congress passed the Tax Relief Act of 2010. What surprised us about the 2010 Tax Bill, however, was [...]
In her article “Last-Minute Business Tax Deductions for 2010” Barbara Weltman provides some “crisis” tax planning ideas for those of us that are less inclined to do the proactive tax planning, as recommended by our firm, through out the year. In fairness to all business owners out there, if there were ever an argument to [...]
Since the midterm elections we have seen a less combative administration. Certainly this is to be expected given the “shellacking” delivered to the current administration. One of the areas where there will be some traction, which previously was unacceptable to the Obama administration, has to do with tax cuts to the “wealthy”. Earlier this year [...]
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