Articles
Here’s a 15-item checklist of low-hanging tax tips for financial advisors
Here’s a 15-item checklist of low-hanging tax tips for financial advisors It’s tempting to put April 15th behind you, but here’s how you can plan for next year: With April 15th behind us, many people put tax issues onto the back burner until they’re staring at the next deadline. Alan Olsen, managing partner at Greenstein,…
Read MoreHow To Stay In Control Of Your Company
How To Stay In Control Of Your Company Have you ever watched the popular ABC program Shark Tank? This “reality” show allows entrepreneurs and business owners to pitch their business ideas or products to five extremely wealthy investors who are successful entrepreneurs in their own right. The panel of “shark” investors even includes Dallas Mavericks’…
Read MoreFamily Limited Partnerships: Pros and Cons
Family Limited Partnerships: Pros and Cons A new approach to managing family wealth, the family limited partnership (FLP) has become popular in recent years. As an alternative, a Family Limited Liability Company may be used with similar results. These techniques offer several possible advantages: Family Limited Partnerships • consolidation of assets for convenient management; •…
Read MoreTaxpayers May Claim Deductions for Vacation Homes
Taxpayers May Claim Deductions for Vacation Homes Updated: 3/22/13 Taxpayers are allowed to claim deductions for their primary residence and one vacation or second home. In the case of the main residence, tax breaks are usually limited to mortgage interest and property tax deductions. However, there are more deductions available when you own a second…
Read MoreEmployee Retention: Reasons Employees Leave
Employee Retention: Reasons Employees Leave Workers still consider a competitive pay and benefits package to be indispensable, but employers need to offer more than that to keep employees satisfied and on the job. Nearly all of the workforce (96 percent) rated a fair salary as very or somewhat important and 93 percent said the same…
Read MoreThe 7 Traits of an Exceptional & Successful Entrepreneur
By Robert Moment Though some people seem to have the Midas touch and easily turn everything to gold, most of us have to give our endeavors lots of time, effort and the sweat of our brow before seeing things come to fruition. The simple truth is that the majority of us are simply not born…
Read MoreHow to Organize a Seminar or an Event
By Matt Bacak Seminars and events have always been implemented as a holistic experience for participants. Thus, organizing a seminar an event requires extensive planning and preparation with most work implemented at least a few months before the actual event. Most of the time, seminars seem to run like clockwork with all events flowing smoothly…
Read MoreReal Estate Agents are Same as Brokers for “Real Estate Professional Rule” for Passive Losses
Real Estate Agents are Same as Brokers for “Real Estate Professional Rule” for Passive Losses Taxpayer victory in Tax Court Real estate agents can claim the real estate professional exception to the passive loss limitations. The I.R.S. tried to argue that the taxpayer needs to be a “Broker” not a just an “Agent” to meet…
Read More10 Tips to Reduce Your Tax Burden
10 Tips to Reduce Your Tax Burden Updated: 1/3/13 With the start of a new year, tax season will soon be upon us. For 2012 returns, the tax filing deadline is April 15, 2013. Now is a good time to look for tax reduction strategies in preparation for filing your tax return. Here are ten…
Read MoreAvoiding the AMT Trap
Avoiding the AMT Trap Updated: 10/23/2014 More and more taxpayers are finding a hidden tax on their individual tax returns. The alternative minimum tax (AMT) attempts to ensure that high income individuals who benefit from the tax advantages of certain deductions and exemptions will pay at least a minimum amount of tax. This tax was…
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