While we are addressing a CPA here, please feel free to substitute Attorney, Financial Advisor, Etc. We had a former client terminate us recently. They had been a client for over 25 years. Second generation business, a small, local business. …
While we are addressing a CPA here, please feel free to substitute Attorney, Financial Advisor, Etc. We had a former client terminate us recently. They had been a client for over 25 years. Second generation business, a small, local business. …
There are a host of reasons small business owners should meet with their CPA. Here are 6 of them: 1) Method of Accounting Smaller business can usually file their tax returns on the cash basis of accounting. The taxable…
Under current federal estate tax law there is an exclusion up to $5.12 million in 2012. Taxable estates above this amount are taxed at 35%. This exclusion is scheduled to decrease to $1 million beginning in 2013. The tax rate…
All Physicians must take the Hippocratic Oath. This is an oath where they swear to practice ethically. Although there is some debate about the translation, the main theme is, ‘First, Do No Harm.’ All taxpayers need to take the Hippocratic…
1) Determine if this is an IRS Field, Office or Correspondence Audit With a Field Audit, the audit will be done at your place of business. Most taxpayers requests that the audit be moved and done at your CPA’s office.…