Deciding Whether a Merger or Acquisition is the Right Move
Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. In contrast, achieving a comparable rate [...]
Use a Coverdell ESA to Help Pay College, Elementary and Secondary School Costs
There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for contributions made to an ESA, [...]
Setting Up a Health Savings Account for Your Small Business
Given the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, HSAs offer a tax-advantaged way [...]
Watch Out for Tax-Related Scams
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. Criminals can contact victims through regular mail, telephone calls and email messages. Here are just two [...]
California Announces the Property Tax Postponement (PTP) Program
The California State Controller has announced it is taking applications from certain homeowners for property tax deferments. It’s called the Property Tax Postponement (PTP) Program. For the 2019-2020 tax year, homeowners who are seniors or [...]
Take Advantage of the Gift Tax Exclusion Rules
As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their children and others [...]
The Chances of an IRS Audit are Low, But Business Owners Should be Prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018, the IRS audited approximately 0.6% of [...]
Does Your Team Know the Profitability Game Plan?
Autumn brings falling leaves and … the gridiron. Football teams — from high school to pro — are trying to put as many wins on the board as possible to make this season a special [...]
When is Tax Due on Series EE Savings Bonds?
You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think about them. You may wonder how the [...]
How to Treat Your Business Website Costs for Tax Purposes
These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintain it. But determining the proper tax treatment for the costs involved in developing a website [...]