Happy New Year! I don’t know what New Year’s resolutions you’ve made, but I’ve resolved to keep doing all I can to cut your tax bill in 2014… and I want to get started right now! Let’s kick off the New Year with some great ideas about how to make an entertainment-facility tax deductible to you and tax free to your “rank-and-file” employees. What does the IRS mean by an … [Read more...]
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Winning year-end tax strategies for stock investors
2013 has been a great year for the stock market. But there’s another good reason to celebrate. If you act before the end of the year, you can save big money on taxes and help others at the same time! How? For starters, read my new article and learn the right way to offset your stock market gains and losses. Consider making a gift of appreciated stock to charity. Sure, … [Read more...]
Five ways to avoid the new Obamacare tax
Watch out! The new Obamacare tax is coming. That’s right. The new 3.8 % Obamacare tax on net investment and passive income makes its unwelcome debut on your 2013 tax return. You may hear the new tax referred to as the: Obamacare tax Net investment income tax (NIIT) Medicare tax Whatever you call it, the new tax can hurt you a lot, unless you know what you’re … [Read more...]
How to survive Obamacare AND help your employees
Sure, you want to help your employees pay for their medical expenses. But you may be afraid that under Obamacare, your small business won’t be able to afford coverage for them… or even yourself! Well, don’t lose hope. Consider providing a Health Savings Account (HSA)! Yes. HSAs have survived the Obamacare reforms and they may just be the tax-advantaged healthcare solution … [Read more...]
Winning strategies for business owners of rental properties
When you own both a business and rental properties, you have to answer an important question… How should you structure the ownership of your rentals to limit liability exposure and get the best tax benefits possible? The answers to this question can be tricky. Which is why now is the perfect time to read my new, free article titled Tax Tips: Tax and Liability Answers for … [Read more...]