Accounting

Lower Your Tax To Pay Zero Tax

There Are Ways To Lower Your Tax Years ago, comedian Steve Martin gave us an easy formula for making a million dollars without paying tax. “First . . . ya get a million dollars.” Then, when the tax man comes to your door and says you never paid taxes,...

Accounting

Avoid “Kiddie Tax”

The “kiddie tax” is a special tax intended to stop you from shifting investment income to children, who are presumably taxed at lower rates than their parent(s). For 2017, the tax applies to dependent children under age 19 and dependent full-time students under age 24 who report unearned income...

Business Growth

Understand Capital Gains

Capital Gains – Where Do You Stand? Capital gains” are profits you make from selling property held for business or investment. Gains from property held up to a year are classified as “short-term” gains. Gains from property held for more than a year are classified as “long-term” gains. To...

Tax

Fahrvergtaxen

Every once in awhile, some knucklehead in a position of power at one of the world’s biggest businesses does something so incredibly stupid, you wonder how they can remember to put their shoes on before they head to work in the morning. Bernie Madoff did it for decades by...