Business Valuation

by | Sep 29, 2016 | Financial Strategies

If you know the actual fair market value of your business, then you are in possession of a very valuable tool. Some pundits go so far as to say that business valuation is one of the most important concepts in finance. While that might be debatable, there is no...

Plan to Best Defer or Acceleration

by | Sep 15, 2016 | Tax Planning

Defer/Accelerate Income   Most small businesses utilize cash basis of accounting for their taxes, may defer their current billing and collection efforts to future year, if they believe to have less income or predict the tax rates will be lower next year, and...

Benefits to Accelerated Expensing of Assets

by | Sep 2, 2016 | Tax Planning

First Year Bonus Depreciation The bonus depreciation expense for property acquired and placed in service during 2016 has been extended through 2019. The amount of deprecation is 50 percent for cost of property placed in service during the year, in addition to regular...

Foreign Income Exclusion

by | Jun 15, 2016 | Tax Planning

Foreign Earned Income Exclusion, IRS Form 2555 If you are subject to the US taxes (U.S. citizen or a US resident alien) and live overseas, you are taxed on your worldwide income (the US and Eritrea are the only two countries with such tax law). However, if you...

Larger Deductions for Business Owners

by | May 15, 2016 | Tax Planning

Simplified Employee Pension Plan (SEP-­IRA)  IRC § § 402(h) and 415 limit the amount of contributions made to an employee’s SEP-­IRA to the lesser or $53,000 or 25% of the eligible employee’s compensation. 401(K) Limit The 2016 maximum employee contribution is $18,000...