There are dozens of temporary tax provisions that expired at the end of 2013. Most of these provisions have been part of past temporary tax extension legislation. Most recently, many temporary tax provisions were extended as part of the American Taxpayer Relief Act of 2012. Collectively, temporary tax provisions
Read more →While bitcoin and other virtual currencies are becoming more popular, the tax rules that apply to them have been unclear, including the basic question of whether they are treated as a currency or as property. Well, the first step to clearing this up for federal tax purposes
Read more →Entrepreneurs often struggle with how to structure their business. My clients often pose this question to me, as they should, while trying to make sense of the advantages and disadvantages of each corporate structure. Essentially, the most simplest structure is to be a Sole Proprietor. But it is
Read more →As a business owner and Entrepreneur consultant, I am continually looking for great opportunities and innovative tools for myself and my clients. My smartphone that keeps me up to date on most of this information. I can use it anywhere to keep in contact with the office, help
Read more →House Ways and Means Committee Chairman Dave Camp, R-Mich., unveiled his long-awaited comprehensive tax reform package on February 26 to mixed reaction. Camp’s proposed Tax Reform Bill of 2014 would reduce the number of individual tax brackets, cut the corporate tax rate, simplify, repeal or curtail many popular
Read more →The Internal Revenue Service has issued guidance for employers whose 401(k) plans offer Roth IRA accounts for the rules governing rollovers by participants younger than retirement age. The key part of the IRS guidelines explains that any rollover made before a participant reaches age 59½ must be
Read more →The energy is in the air….2014 is the year of prosperity for Entrepreneurs! If you have a business or have been thinking about starting your own business this is the year to make it happen. Don’t wait one minute longer!! Take the next step and make the change
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