No self-respecting NFL coach would ever take the field without a careful game plan designed to defeat the opposition. So why would you try to line up against the IRS without a plan of your own? Call us when you’re ready for your own plan, and we’ll see if you’re wasting enough to cost you a ticket to next year’s big game!Continue reading →
Here in the United States, Uncle Sam imposes a “progressive” income tax. As your income goes up, so does your tax rate. However, those rates go up incrementally. If you’re married, filing jointly with your spouse, the 39.6% top rate kicks in at $413,201. (We use the term “kicks” deliberately because that’s how it feels when you’re giving Uncle Sam nearly 40 cents on the dollar.)
Here’s the lesson for the week. Buying big-ticket items like a house, an apartment, or business equipment can involve much more than just running down to the store and whipping out your American Express card. And selling those sorts of assets the wrong way can cost you even more. So don’t make those decisions alone. Call us, for the plan you need to buy and sell right!Continue reading →
Sports fans go nuts this time of year. Baseball fans are watching pennant races heat up; football fans are watching the NFL take the gridiron to kick off the new season; and tennis fans are moving their heads from side to side to take in the U.S. Open. Naturally, this means we’re going to talk about basketball. And we are going to throw in a little Shakespeare, like when Juliet ponders: What’s in a Name?
Choices like timing business or bonus income, deferring tax on retirement savings, and deciding when to recognize investment winners and losers all play a part in your overall game plan. But if you don’t have a plan, you won’t know when to lay up, and when to shoot for three. So call us when you’re ready for a plan, and let us help you take it down the lane past the IRS guards and maximize your tax deductions!Continue reading →
Craft brewers face the same challenges that many other small businesses come upon, including cash flow, inventory management, distribution, and heavy tax regulations. Brewers know how to brew great craft beer, and may need assistance in the financial aspects of their craft brewery.
We possess the practical know-how to help you start and/or expand your business, select your business entity, make smart tax elections, develop accounting and inventory systems, and overall business strategies. So, if you are currently operating a brewery or one of the new 15 planned breweries in Charlotte, give us a call at 704-894-9991.Continue reading →
We have no idea who’s going to take the oath of office on January 20, 2017. But we can promise you, the new President will want to make changes to the tax code. And odds are good that at least one of those changes could cost you. So count on us to help you navigate those changes as favorably as possible. We work with Democrats, Republicans, and everyone in between!Continue reading →
Us Weekly is one of those glossy tabloid magazines you see in the checkout line at your local supermarket. Every week, they run a photo feature called “Stars: They’re Just Like Us,” with revealing, slice-of-life gems such as a Bachelorette throwing a ball to her dog in the park, a former supermodel cheering at her kid’s soccer game, or Matt Damon adjusting his fly while he waits in line to renew his driver’s license. (We’re explaining this because we know you would never read anything so frivolous.)Continue reading →
June is Graduation Season, and odds are good that you’ve spent some time seated on a cheap folding chair or arena bleacher watching someone proceed down an aisle in an expensive cap and gown. Commencement speakers will thank the faculty, staff, and parents who made it all possible. But how many of them thank the folks in Washington who drafted Internal Revenue Code Section 170(c) back in 1917?Continue reading →
For two weeks every spring, the tennis world focuses its attention on Roland Garros, the Parisian center that hosts the French Open.
When it comes to tennis, how hard you hit the ball is important. But it also matters where you hit it, too. It works the same way with taxes. How much you make is key. But how you make it and even where you make it are important, too. Serena Williams and Stan Wawrinka both have tennis coaches to help them win more tournaments. And they have tax coaches to help keep as much of what they win as possible. So don’t risk double-faulting against the IRS. Call us for the plan you need!Continue reading →
Last week, a New York judge issued writs of habeas corpus on behalf of two chimpanzees named Hercules and Leo, currently living in a research lab at the State University of New York in Stony Brook. The next day, she walked back the scope of her ruling, emphasizing she was merely directing the university to appear in court. Still, the decision gives the chimps a day in court and possibly clears the way for them to move from the lab to a sanctuary in Florida. (Even cereal spokesman Tony the Tiger expressed his support for Leo and Hercules, saying “They’re grrrrreat!”)Continue reading →
Who hasn’t wanted to be a spy at some point or another? Boys see their first James Bond movie, and they don’t want to be like 007 — they want to be 007. Girls learn how Mata Hari put her charms to work as a lethal double agent and think they can show the boys a thing or two. And sadly, those job aptitude tests your high school guidance counselor makes you take rarely recommend “International Man of Mystery” as a career path.
But now, you’ve got the chance to finally realize that childhood fantasy. You don’t even have to hide out in some third-world danger zone to do it. You can be a spy in a sun-splashed Mediterranean paradise full of friendly, welcoming people. What’s not to love about that?Continue reading →