Tax Planning

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The 4 Choices a Small Business Owner Has When Their Business is No Longer a Side Business

By | March 23rd, 2017|Categories: Editorial Commentary, Small Business Tax and Accounting|Tags: , , , |

Many of the business clients I work with are either side businesses, or side businesses that are turning into "real" businesses. I've written before about the struggle of taking a side business and turning it into something more. Today, I'm going to write about the choices a business owner has with their side business when they [...]

How to Calculate Estimated Tax Payments

By | February 13th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

A common question from business owners is, how and when do I calculate quarterly estimated tax payments?

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Can I Start a Not-for-Profit to Shield Income?

By | January 20th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

Starting a not-for-profit just to reduce your tax liability is a bad idea.

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From the Archives: Take the Money and Run? The Tax Consequences of Winning a Home in a Giveaway, Part 2

By | November 27th, 2015|Categories: From the Archives|Tags: , |

What are the tax consequences of winning HGTV dream home? Lots of tax owed, for one thing.

From the Archives: You Won the Dream Home, Part 4 — Changing My Mind

By | May 27th, 2015|Categories: From the Archives|Tags: , |

What are the tax consequences of winning the HGTV Dream Home? This is Part 4 of a 6-part series that examines that question.

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