Many provisions of the Patient Protection and Affordable Care Act of 2010 have recently gone into effect, and some significant provisions will do so in 2014 and 2015.
Most business owners are familiar with the concept of barter. A painter, for example, might provide his or her services to a law firm in exchange for legal help.
Congress’s decision not to include a proposed minimum term for grantor retained annuity trusts (GRATs) in the tax legislation passed back in January — combined with low interest rates — may make it an ideal time to add short-term GRATs to your estate planning arsenal.
Cyber security breaches have become substantial risks to organizations, and unfortunately, to individuals as well. A Texas family recently fell victim to a cyber-attack through an item they least expected, their baby monitor.
S corporation owners often take modest salaries as a tax-saving strategy. By distributing most of the corporation’s profits in the form of dividends rather than wages, the company and its owners can avoid payroll taxes on these amounts.
Financial statements show not only where a construction company stands financially, but also where it’s going. Contractors who work with their financial advisors to analyze their statements can often catch problems early on — before they turn into bigger issues.
If you rent out your vacation home for 15 days or more, you must report the income. But exactly what expenses you can deduct depends on whether the home is classified as a rental property for tax purposes, based on the amount of personal vs. rental use.
The IRS postponed certain Foreign Account Tax Compliance Act (FATCA) withholding and due diligence deadlines for six months, until June 30, 2014.
“Health Care Reform and its Impact in 2014 for Oil and Gas Companies” by Laura Roman for The Tax Adviser (August 1, 2013)