Thought Leadership

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Tax Allocations to Consider When a Partner Exits

Let's say a partner in your medical practice exits half way through the firm's tax year. How are partnership tax items for that year allocated between the departing partner and the remaining partners? There are multiple ways to handle this situation.

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How to Meet Audit Requirements of the ERISA

Employer-sponsors must include a financial statement audit for certain types of plans, when filing the Form 5500 annual report for employee benefit plans that is required under the Employee Retirement Income Security Act (ERISA).

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Tax-Saving Domestic Travel for the Self-Employed

Self-employed business travelers have the opportunity to mix business and pleasure with potential tax-saving results. Just as ordinary business travel can be expensed, a combination of business and personal travel can potentially be expensed as well.

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