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Restricted Securities – FMV No Longer Discounted for Contractual Restriction
July 6, 2022
What’s New? Good news! We no longer need to factor in a contractual restriction prohibiting the sale of an equity security when estimating the fair…
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Applying the Research Tax Credit Against Payroll Taxes
June 27, 2022
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses.…
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Is a Spendthrift Trust Right for You?
June 21, 2022
Do you have a loved one to whom you want to leave money or assets to but who may not be financially responsible? A spendthrift…
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5 Quick Ways to Evaluate Training
June 13, 2022
One of the best ways to maximize the effectiveness of your training programs is to regularly evaluate employees to determine their attitudes, understanding, and application…
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February082016
Extension Means Businesses Can Take Bonus Depreciation on Their 2015 Returns – But Should They?

The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) extended 50% bonus depreciation through 2017. Bonus depreciation allows businesses to recover the costs of depreciable property more […]

February012016
Buy-Sell Agreements to Protect Your Family

If you own an interest in a closely held business, it’s critical to have a well-designed, properly funded buy-sell agreement. It provides business owners and their families with valuable protection […]

February012016
Audit Burden of Proof – Inventive Ways to Document Your Days

If you are the paranoid government conspiracy theory loving type, this post is not for you. You will cringe at the very thought of the suggestions and ideas contained herein […]

February012016
File Early to Avoid Tax Identity Theft

Most taxpayers begin thinking about filing their tax returns just before the April 15 filing deadline (this year, April 18). However, you may want to consider filing as early as […]

January252016
Why Investing in Small-Business Stock May Make More Tax Sense Than Ever

Purchasing stock in certain small businesses has at least two advantages: you can diversify your portfolio and enjoy preferential tax treatment, thanks to a provision of the tax extenders act […]

January252016
Follow IRS Rules to Avoid Losing Some of Your 2015 Charitable Donation Deductions

Sharing your estate with charity by making donations during your life provides many benefits: You help your favorite organizations, reduce your taxable estate, and if handled properly, reduce your income […]

January252016
Audit Burden of Proof: Where Was I and the IoT

My regular readers are now experts in the concept of statutory residency: Have a permanent place of abode and be present in the jurisdiction for more than 183 days and […]

January182016
Direct Tuition Payments: An Attractive Option for Funding Your Grandchild’s College Education

Making direct tuition payments is just one strategy available for funding your grandchild’s college education while minimizing taxes. As the cost of a college education continues to soar, you can […]

January182016
Counting Days: The Tax Consequences of Getting Sick

For those of you familiar with the comic strip Dilbert, my favorite strip ever involves Dilbert pointing out to his boss that they did an extensive research study and determined […]