August 2017 Tax & Business Alert

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SHOULD YOU CONVERT FROM A C CORPORATION TO AN S CORPORATION? Many private business owners elect to incorporate, turning their companies into C corporations. But, at some point, they may consider converting their businesses into S corporations. This article reviews some of the important considerations associated with this decision. A sidebar looks at the requirements […]

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July 2017 Tax & Business Alert

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WHY YOU SHOULD (OR SHOULDN’T) PURSUE AN ACQUISITION M&A activity tends to wax and wane. Nonetheless, billions of dollars continue to change hands annually, and an acquisition can be a great way to grow a business. So owners should be prepared if one of these deals comes their way. This article explores some pros and […]

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June 2017 Tax & Business Alert

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IN DOWN YEARS, NOL RULES CAN OFFER TAX RELIEF A net operating loss (NOL) occurs when a business’s operating expenses and other deductions for a particular year exceed its income. Companies (or owners) may be able to snatch tax relief from this revenue defeat. This article describes the NOL rules and some strategies for navigating […]

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May 2017 Tax & Business Alert

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COULD A COST SEGREGATION STUDY SAVE YOUR COMPANY TAXES? Businesses that have acquired, constructed or substantially improved a building recently should consider a cost segregation study. One of these studies can enable the company to accelerate depreciation deductions, reducing taxes and boosting cash flow. This article explains how. A sidebar points out that a “look-back” […]

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April 2017 Tax & Business Alert

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REVIEWING YOUR COMPANY’S BUY-SELL AGREEMENT Many savvy businesses establish buy-sell agreements in case a co-owner voluntarily or involuntarily leaves. But it’s not enough to draft such an agreement; the document must be periodically reviewed and perhaps updated. This article examines key aspects to re-evaluate — including triggering events, structure and funding sources.   ABLE ACCOUNTS […]

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March 2017 Tax & Business Alert

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GOT NEXUS? FIND OUT BEFORE OPERATING IN MULTIPLE STATES The term “nexus” refers to a business presence in a given state that’s substantial enough to trigger the state’s tax rules and obligations. This article explores common criteria for nexus and suggests strategic moves to consider. A sidebar looks at a newer approach called“market-based sourcing” that […]

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February Newsletter

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CONSIDER SEPARATING REAL ESTATE ASSETS FROM YOUR BUSINESS Many companies choose not to combine real estate and other assets into a single entity. There are justifiable legal reasons for doing so, but there are also potentially beneficial tax reasons for holding real estate in a separate entity. This article delves into the tax side, discussing […]

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January Newsletter

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Our annual tax informational letter and organizers will be mailed out just after the New Year. You should receive yours no later than mid-January. If you do not receive it, please contact our office. Our office will resume our busy season hours starting January 16th. We will be open 8:30-5:00 Monday through Friday and 9:00-2:00 […]

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December Newsletter

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DON’T LET CAPITAL LOSSES GET YOU DOWN No one wishes to lose money on an investment. But, if it happens, the investor may at least be able to lower his or her tax bill. This article explains how capital losses can save tax, looks into the wash sale rule and offers some potential coping strategies. […]

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November Newsletter

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DONATING APPRECIATED STOCK OFFERS TAX ADVANTAGES One form of charitable giving some taxpayers may not be aware of is donating appreciated stock. It can enable someone to do good while garnering some tax advantages over a cash donation. This article explains the benefits, rules and limits.   IS THE SALES TAX DEDUCTION RIGHT FOR YOU? […]

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