2012 Year End Tax Planning for Individuals
With the “fiscal cliff” less than 50 days away, we have put together these tax planning tips together in order to give you the most up to date information of […]
Some for-profit business practices you should use
“You can’t do today’s job with yesterday’s methods and be in business tomorrow,” according to often quoted advice from an anonymous pundit. And nonprofits often get the best results when […]
How Well Do You Know Your Monthly Donors?
Survey pinpoints traits, actions and motives of monthly donors Do you know which arguments work best to convert single-gift donors to monthly donors, who automatically give to your charity time […]
Healthcare Act Tax Changes Affecting Individuals in 2013
The 2010 Healthcare Act included several significant tax changes that are scheduled to take effect next year. The recent Supreme Court ruling paves the way for them, and they will […]
Planning for the 3.8 Percent Medicare Tax on Investment Income
The health care reform package (the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010) imposes a new 3.8 Medicare contribution tax on […]
Keeping Track of Basis in a Partnership Interest
We would like to make you aware of the importance of keeping track of the basis in your partnership interest. The fundamental purpose of outside basis is to account for a […]
Advisability of Paying Corporate Dividends This Year
Dear Clients: Business owners often grow their business by continually reinvesting earnings and profits. This is a good strategy, but eventually most business owners want to tap into these earnings. […]
Fraud…..It Can Happen to Any Organization
For many small to mid-sized organizations, the vulnerability to fraud can be compounded because of the informal nature and the fact that fewer staff members can result in less oversight […]
Age-55 Exception
Dear Client: The taxable portion of a pre-age 59½ withdrawal taken from a qualified retirement plan or traditional IRA is hit with a 10% early withdrawal penalty unless an exception […]
U.S. Supreme Court’s Decision On Health Care Law
Dear Client: On June 28, 2012, the United States Supreme Court issued its long-awaited decision on the constitutionality of the Patient Protection and Affordable Care Act (PPACA) and its companion […]