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Not All Postmarks Are Valid to the IRS

  • 16 April 2019
  • Author: Cari Holbrook
  • Number of views: 230
  • 0 Comments
Not All Postmarks Are Valid to the IRS

While printing postage from the internet is convenient, it may not be a good idea to do so for payments or petitions mailed to the IRS. That’s what one taxpayer recently learned when her correspondence was regarded as being late despite the timely date her private postage label clearly displayed.


Accounting Lessons from the NBA’s Zaza Pachulia

  • 9 April 2019
  • Author: Cari Holbrook
  • Number of views: 468
  • 0 Comments
Accounting Lessons from the NBA’s Zaza Pachulia

NBA star Zaza Pachulia and his wife recently learned the hard way that it’s critical to use a reputable accountant. Pachulia’s identity was used by his accountant, Randy Usow, to defraud the IRS of more than $800,000. The case is eye-opening in several ways:


Expert Witnesses Are Not Immune to Malpractice Claims

  • 3 April 2019
  • Author: Cari Holbrook
  • Number of views: 267
  • 0 Comments
Expert Witnesses Are Not Immune to Malpractice Claims

A Michigan Court of Appeals recently ruled that expert witnesses can’t simply claim witness immunity for testimony that can be considered incompetent. Instead, licensed professionals acting as expert witnesses owe the same professional diligence to the party for which they testify as they would to any client. Failing in doing so could result in malpractice.


Retiring in 2019

  • 26 March 2019
  • Author: Cari Holbrook
  • Number of views: 256
  • 0 Comments
Retiring in 2019
Retiring soon? Congratulations! Certain changes in the tax code affect your income taxes as you retire, including healthcare deductions and Social Security distributions. If you’re a business owner, other changes can affect how you plan your succession and the potential sale of your business.

When A Loan Triggers A Tax Debt

  • 19 March 2019
  • Author: Cari Holbrook
  • Number of views: 284
  • 0 Comments
When A Loan Triggers A Tax Debt

Funds received as proceeds of a loan aren’t taxable as long as you’re expected to pay it back. However, the moment some or all of the debt is forgiven (and doesn’t need to be paid back), the IRS will jump in and want its cut. 


Unlucky Tax Strategies That Don't Work

  • 12 March 2019
  • Author: Cari Holbrook
  • Number of views: 320
  • 0 Comments
Unlucky Tax Strategies That Don't Work
Have you ever heard about a tax strategy you thought was so crazy, it just might work? Here’s what we can tell you: If it’s illegal, the IRS has seen it before, and it’s only a matter of time before they catch on.

Exit Planing & Your Taxes

Shavano Living

  • 3 December 2018
  • Author: Cari Holbrook
  • Number of views: 0
  • 0 Comments
Exit Planing & Your Taxes
Are you considering selling your business this year? What about in five years or in 10 years? Believe it or not, it can take a decade of solid planning to exit a business on top, at least when it comes to saving taxes. Business owners who skip exit planning often lose to the IRS more than half of the total amount paid for the sale.

End-Of-Year Tax Savings

Shavano Living

  • 5 November 2018
  • Author: Cari Holbrook
  • Number of views: 0
  • 0 Comments
End-Of-Year Tax Savings
Taxes may be the last thing on your mind as the holidays roll around, but they shouldn’t be. There are unique tax-saving opportunities only available before year’s end.

Immediate Deductions: New Tax Savings for Business Purchases

Shavano Living

  • 8 October 2018
  • Author: Cari Holbrook
  • Number of views: 0
  • 0 Comments
Immediate Deductions:  New Tax Savings for Business Purchases
There’s never been a better time to purchase equipment and other assets for your business, at least as far as the IRS is concerned. That’s because both Section 179 deductions and the new bonus depreciation deductions have been greatly expanded under the Tax Cuts and Jobs Act of 2017.

What Keeps Employees Truly Happy?

  • 26 April 2016
  • Author: Cari Holbrook
  • Number of views: 2264
  • 0 Comments
What Keeps Employees Truly Happy?

Low unemployment rates are a good thing, right? For business owners, it can be a mixed bag. The current job market means that attracting and retaining top employees is critically important. Essentially, there are more jobs than there are good candidates to fill them.  

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