CERTIFIED PUBLIC ACCOUNTANT
Corporations owned by less than 100 non-corporate shareholders can elect to be treated as a Subchapter S Corporation (“S Corp”) for tax purposes. We’ve previously talked about reasonable compensation for business owners (see our November 16, 2011 blog article). We’ll now focus on an important change in reporting that many... Continue reading →
Can you even remember the last time a bank sent back your cancelled checks? That’s because banking law known as the Check 21 Act went into effect late 2004. This allowed bank to provide their checking account customers bank statements that include either the original cancelled check, or a “substitute... Continue reading →
Mother Nature seems to be increasingly punishing – more hurricanes, flooding, earthquakes and natural disasters are in the news more often than ever. Man-made fires and catastrophes are adding to the mix. Planning what to in case of a disaster has now become an important individual and business taxpayer responsibility.... Continue reading →
Tax laws originally passed in 2001 and 2003 (known as the “Bush tax cuts”) are going to expire on December 31, 2012. There is a lot of uncertainty right now whether Congress will pass new legislation for 2013. It nothing is done, most of us are going to see higher... Continue reading →
On June 29, 2012 the U.S Supreme Court made a historic decision to uphold most of the Health Care Reform Act passed by Congress in 2010. Much controversy has emerged from Chief Justice John Robert’s opinion that Congress has the power to tax, and provisions under the Act are in... Continue reading →
