While many small businesses are preparing to take some time off for the holiday weekend it is only a matter of time before the focus turns to tax planning for next year’s tax season. Indeed, some businesses pay their taxes quarterly throughout the year. However,...
Finding Real Life Solutions To Your Tax Problem
Month: May 2017
Will you pay Uncle Sam some of your gambling winnings?
Game 1 of the Western Conference Finals between the Golden State Warriors and San Antonio Spurs was an instant classic, depending on your sensibilities and your betting acumen. The Spurs were a 10 point underdog going into Game 1, and are heavily doubted to win the...
No taxes to be paid in United Airlines settlement
Most people believed that the reported lawsuit that Dr. David Dao was poised to file against United Airlines and other related parties would never see a day in court. Those people were proven right when the parties announced a settlement last week.The terms were not...
Why is tax planning important for new startups?
Among the myriad of issues new businesses tackle, tax planning is one that commonly falls through the cracks. Some entrepreneurs may just be too intimidated by the prospect of figuring out tax liability. Regardless of the demands your new business may present, it is...