Tax

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Small businesses can expect policy changes under Trump

From Fort Worth Business: Small businesses can expect policy changes under Trump JOYCE M. ROSENBERG, AP Business Writer NEW YORK (AP) — The election of Donald Trump as the next U.S. president has small business advocates expecting policy changes on issues like health care and the environment. But they’re concerned about gridlock persisting even with […]

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If You Own a Business, Here’s a Way to Save Taxes

Tax savings advice from K&A friend Marvin Blum, The Blum Firm PC: IF YOU OWN A BUSINESS, HERE’S A WAY TO SAVE TAXES   If you own a business, here’s an idea to save taxes.  To qualify, (1) you have to own a business that is taxed as an S Corp, and (2) you have […]

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American Taxpayer Relief Act of 2012

Thank you to J.T. Aughinbaugh with JPMorgan in Fort Worth for providing this summary of the key provisions of the American Taxpayer Relief Act. ********************************************* American Taxpayer Relief Act of 2012 On January 2, 2013, the President signed the American Taxpayer Relief Act, thus ending the nation’s brief stint over the “fiscal cliff”—a confluence of […]

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Why 2013 May Be a Very Good Year

From our friend, Bob Hampton at Impart Financial: ************************************ WHY 2013 MAY BE A VERY GOOD YEAR If the fiscal cliff is averted, stocks may have all kinds of reasons to rise. Presented by Bob Hampton What if the future is more bullish than the bears assume? With 2013 approaching, stock market volatility seems to […]

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Five Things Your Accountant Won’t Tell You

From SuccessfulBusinessNews.com.  We’d certainly be interested to hear feedback from our accounting friends. **************************** Five Things Your Accountant Won’t Tell You “Not Everyone Knows What They Are Doing”. Please be careful when choosing a CPA. Some studies show that as many as HALF of all tax preparers aren’t certified public accountants. Some are nothing at […]

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More to Learn about Health Reform Law

More and more aspects of the health reform law are being learned each day, as well as the effects it will have on businesses.  Curious quote: “It’s still unclear how the IRS will enforce the rules.” **************************** Trying to duck health care’s employer rules? Don’t bother By Jose Pagliery @CNNMoney July 13, 2012: 5:10 AM ET […]

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What Obamacare Decision Means for Texas Businesses

State Representative Phil King provides analysis of what the Affordable Care Act will mean to Texas business owners. ************************* What Obamacare Decision Means for Texas Businesses Austin – In reaction to today’s Supreme Court decision, State Representative Phil King (R-Weatherford) has released the following remarks and information: King remarked: “While legal and healthcare scholars are […]

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2012 is the “Perfect Storm” for Estate Planning

From our friend, Marvin Blum, of The Blum Firm, PC: ********************* 2012 IS THE “PERFECT STORM” FOR ESTATE PLANNING   The gift tax exemption is at a historical high of $5,120,000 at the same time that the gift tax rate of 35% is the lowest rate in almost a century! The gift tax exemption is […]

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Health Costs, Gov’t Regulations Curb Small Business Hiring

From Gallup.com, results from Wells Fargo and Gallup survey of 600 small business owners. ******** Wednesday, February 15, 2012 Updated 04:00 AM ET Economy February 15, 2012 Health Costs, Gov’t Regulations Curb Small Business Hiring Nearly half of small-business owners name these issues by Dennis Jacobe, Chief Economist PRINCETON, NJ — U.S. small-business owners who aren’t hiring […]

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CFOs Prefer a Simpler Tax Code, Even if They Don’t Save

From CFO.com: CFOs Prefer a Simpler Tax Code, Even If They Don’t Save New Duke University/CFO Magazine Global Business Outlook Survey finds finance executives united in their desire for tax reform. Kate O’Sullivan, CFO Magazine There are many points on which most finance chiefs disagree with the country’s chief executive, President Obama. But they are united […]