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Accounting Grads: Preparing for an Interview With Our Firm
Our firm maintains a pleasant, relaxed atmosphere. Even so, it's essential that all staff members look, speak, and carry themselves professionally. With that in mind, here are a dozen hints to help ensure a successful first interview: 1. If you're...
Interested in Joining Our Firm? Your Knowledge is Coveted.
Our clients want the best possible representation in their financial and business affairs and we aim to provide it. That's why...
8 Ideas for Getting the Biggest Bang for the Employee Salary Buck
Salaries are a tough expense for most businesses. You want to hold them down but reining them in too tightly doesn't always work well. Good employees can find work elsewhere and replacing them can cost a bundle. So, if you're in a spot where every salary dollar...
Vacation Home Owners: Adjusting rental vs. personal use might save taxes
With summer drawing to a close, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences: • If you rent it out for less than 15 days, you don’t have to report the income. But expenses associated...
“Bunch” Miscellaneous Itemized Deductions to Reduce Your Tax Bill
Many expenses that may qualify as miscellaneous itemized deductions are deductible for regular tax purposes only to the extent they exceed, in aggregate, 2% of your adjusted gross income (AGI). Bunching these expenses into a single year may allow you to...
Two Tax Pitfalls of Mutual Funds
Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if you hold such funds in taxable accounts, or are considering such investments, beware of these two...
Give and Receive with a Charitable Remainder Trust
Would you like to benefit charity while reducing the size of your taxable estate yet maintain an income stream for yourself? Would you also like to divest yourself of highly appreciated assets and diversify your portfolio with minimal tax consequences? Then...
Is a Roth IRA Conversion Right for You This Year?
If you have a traditional IRA, you might benefit from converting some or all of it to a Roth IRA. A conversion can allow you to turn tax-deferred future growth into tax-free growth. It also can provide estate planning advantages: Roth IRAs don’t require you to...
Installment Sales Offer Both Pluses and Minuses
A taxable sale of a business might be structured as an installment sale if the buyer lacks sufficient cash or pays a contingent amount based on the business’s performance. An installment sale also may make sense if the seller wishes to spread the gain over a number...