TaxConnections Members are able to connect with a steady stream of prospective clients by answering tax questions. Answering visitors’ tax questions is a great way to begin the conversation. Each Friday we post a question we ask our community members to comment in order to help our site visitors.

How would you advise a client given this scenario? 

We are a married couple and we both have W2 jobs from stable large corporations. Wife also has 1099 income (physician practice + moonlighting). How should we organize her business so that we can maximize tax avoidance while taking our combined situation into account? These numbers are for 2018.
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Annette Nellen

I define the sharing economy broadly as including both sharing assets and one’s time. Four characteristics:

  • Monetizing unused time and assets.
  • Using technology to match those with resources to those willing to pay for them.
  • Providing assets where temporary need exists (such as bike share).
  • Operating in the broadest space possible (including digital services provided to a global marketplace).

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If you are having trouble landing new high-value, pay-in-advance clients, we invite you to learn from one of the best tax practice trainers in the industry. Michael Rozbruch, an expert and pioneer in the tax resolution industry, is sharing the strategies that propelled him to the top through this unique web training session. The knowledge gained during this webinar will help you along your journey to becoming a top tax professional.

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Hugo van Zyl

During February 2016 the beleaguered South African Minister of Finance, Minister Pravin Gordhan, made a serious attempt to balance government’s books.

Gordhan was called back after Minister Nene was removed from his position, by President Zuma early December 2015. The true reason for this politically motivated musical chairs, appointing three ministers in less than 4 days, remains a mystery. Point is Nene was removed and Gordhan had to step in and rescue the cash flow and ensure the country did not face junk status.

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John Dundon

Please feel welcome in the USA. Fear NOT the paper tiger that is the US Tax Code or the rhetoric of pantywaist politicians! Much of maintaining compliance with the US Tax Code distills down to understanding among other things these 3 simple concepts:

1.The tax obligations of your current visa

2.What country you are effectively connected

3.Whether you meet the substantial presence test in the USA Read More