The Protecting Americans from Tax Hikes Act of 2015 was signed into law on December 18, 2015. While end of the year tax provision extensions by Congress have become common place for many temporary incentives, the PATH Act went further than many previous extensions – making several critical tax incentives for businesses permanent. Both individual […]
Year: 2015
Create Value, Not Just Profit
As a business owner, increasing your profitability is probably one of your highest priorities. But do you know that simply improving your profits may not also maximize the value of your organization? Many business owners assume that a more profitable business is a more valuable business. In many cases this may be true, but there […]
Tax Minimization: Planning vs Compliance
For many business owners, taxes are viewed as a once per year obligation. Every spring, you compile your financial information for your accountant, who in turn prepares your tax returns. As a taxpayer, you probably expect your accountant to take your information and help you minimize your overall tax liability – and that’s exactly what […]
Surface Transportation Act of 2015 Includes Significant New Tax Provisions
On July 31, 2015, President Obama signed the Surface Transportation Act of 2015 into law. The law not only extends highway and transportation spending through Oct. 29, 2015, but also includes significant tax compliance provisions designed to offset the cost of the extended highway and transportation spending. Among other compliance changes, the law’s tax provisions […]
The Secret to Success
How finding and retaining talent can drive your success Being a CPA allows me to see far more than just financials. I get the privilege of seeing and working with some pretty exciting businesses and entrepreneurs. I’ve seen great ideas lead to great things and I’ve seen big ideas fall flat. I’ve witnessed startups with […]
Tax Time in the Summer?
How planning in the summer can lead to savings next spring Most Americans don’t spend their summer months thinking about taxes. Once April 15 is behind you, your mind turns to more cheerful subjects and you take a much needed break from worrying about what you owe to old Uncle Sam. Yet while you may […]
Top 5 Mistakes Business Owners Make
Protect Your Business by Avoiding Five Common Mistakes Mistake #1: Not knowing the difference between an employee and an independent contractor. Many entrepreneurs outsource to freelancers or independent contractors to get work done. As a small or midsized business, there may be many circumstances where utilizing an independent contractor might seem like a better idea than hiring […]