Category Archives: Tax

Investment Tax Tips

Posted on November 20, 2011 by Melissa Clary

As year-end approaches, take a closer look at your investment portfolio. There may be some tax-saving strategies worth considering. For example * Wash sales. Thinking of selling a security before December 31 to take advantage of a capital loss? To … Continue reading →

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DEBT REDUCTION PLAN

Posted on September 5, 2011 by Melissa Clary

On August 2, President Obama signed the Budget Control Act of 2011.  The act plans to: Eliminate waste, fraud and abuse with health insurance and social security Provide an emergency spending reform Provide a balanced budget amendment for Congress to … Continue reading →

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New Law Includes Payroll Tax Cut

Posted on January 27, 2011 by Melissa Clary

There’s a new tax break this year, and you’ll want to update your budget to accommodate it. The compromise tax legislation passed in December included a payroll tax cut for 2011. * How it works when you’re an employee: Your … Continue reading →

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Obama Tax Cuts Passed

Posted on December 20, 2010 by Melissa Clary

Our firm has been preaching doom and gloom all year regarding higher tax brackets, alternative minimum tax affecting 20 million people, and tax credits being cut back.  We can breathe a sigh of relief as President Obama decided to grant … Continue reading →

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Tax Planning

Posted on December 6, 2010 by Melissa Clary

The best time for tax planning is now, right before the end of the year.  The reason why is there is still time to make changes that will impact how much taxes you pay.  Several things with regards to the tax … Continue reading →

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5 Ways Your Accountant Can Help You Profit In a Down Economy

Posted on November 22, 2010 by Melissa Clary

In a down economy making good decisions is critical. These informed decisions should come from accurate financial numbers. Numbers determine which levers to pull to increase your profits. Businesses need to review and analyze their numbers periodically. Many business owners … Continue reading →

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Choosing a Tax Preparer

Posted on November 4, 2010 by Melissa Clary

When it comes to income taxes it is crucial to find someone who you can trust and will do a good job.  How should you start by going about finding a tax professional?  It’s easier to ask for referrals first … Continue reading →

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Buy-Sell Agreements

Posted on October 25, 2010 by Melissa Clary

Who needs a buy-sell agreement? A buy-sell agreement is needed for every co-owned business.  Every day that value is added to the business increases the financial risk when this agreement isn’t in place.  Business owners often ask CPAs about how … Continue reading →

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Business Entity Selection

Posted on October 25, 2010 by Melissa Clary

Business Entity Selection When starting a business you must decide what type of business entity you are going to establish.    It is important to consider the legal and tax implications for the different types of entities before you make this … Continue reading →

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