Record Retention Guidel...

One of the more common questions we’re asked is regarding records retention. How long should I hold on to this stuff?  The answer, as just about any we’re asked in the tax world, is- it depends.  The basic rule of thumb is that for any tax return that is filed, there is a statute of...

Tax Planning Opportunit...

The Supreme Court’s decision on June 26, 2013 to strike down sections of the Defense of Marriage Act created a unique planning situation for same sex couples. Prior to this ruling, the Internal Revenue Service held that same sex couples were ineligible to file as married, even when...

Feed the Pig...

As we approach the end of the year, it’s common for us to sit down and do some tax planning.  In previous posts we’ve discussed a bit of planning specifically related to the new health care legislation.  However, I think this is also a natural time to do an overall financial...

A Few Words on Estimate...

We meet with many clients who are making the transition from employee to self-employed.  This is an incredible journey for most people.  Adjusting to taking on the expenses of the business, balancing work/life, and figuring out how to wear the many hats required of a small business...

A look at Business Tax ...

In our last entry, we discussed the individual tax components of the health care legislation.  There are a number of provisions included in the Patient Protection and Affordable Care Act that will impact individuals, and you can read some highlights of those here.  There are also...

Tax Implications from t...

As we begin to talk about tax tips and news, we will spend some time addressing the fluidity of the current tax environment, and the importance of keeping on top of changes that affect planning.  One of the big recent developments was the Supreme Court’s ruling upholding the...


Recent Comments
  • Watson & Associates: Hank, In general, a credit is better than an expense. The expense lo...
  • Hank Madsen: As a small employer paying more than 50% of healthcare premium (employ...