Salim Omar’s goal with the “CPA Practice Growth and Freedom” Intensive is to SHOW YOU (side-by-side in the trenches) how to create a CPA Firm that allows you to dramatically increase the income you earn, to work when and how you want, that gets you quality clients you love working with… and that enables you to live a life of massive personal freedom.
Revenue Procedure 2016-49 provides procedures to disregard and treat as null and void for transfer tax purposes a qualified terminable interest property (QTIP) election in situations where the QTIP election was not necessary to reduce the estate tax liability to zero.
Like every owner, you will one day exit your business—voluntarily or involuntarily. On that day you will want to attain certain business and personal objectives: the first (and usually prerequisite to all others) is financial security.
Small business organizations and associations can be beneficial for many reasons. These can offer a wealth of knowledge and practical tips for growing your business. The networking opportunities can also help you and your company. Let’s look at at a few small business organizations you should know about.
Have you been keeping up with the online sales tax debate? Are you curious which pieces of internet sales tax legislation are still circulating in Congress? Here’s a quick summary of the current bills we’ve been watching, and the pros and cons for each one.
Recently, the soccer coach of my con’s soccer team passed away. On top of being the coach of my son, he was the owner of a sportswear manufacturing and distributing business for 15 years.
From meeting with his family members, he and the business were synonymous. There were other no systems in place. With no other systems in place, then it is not a sell-able business.
What is the cost of asking tax questions? How can I avoid huge fees when I have a “simple” or “quick” question?
We know that keeping track of mileage is a problem for all types of businesses, including nonprofits. That’s why we’re excited to announce a MileIQ partnership with TechSoup to bring the leading mileage logging service to nonprofits of all sizes.
This article will discuss the requirements to claim a child as a dependent and the requirements for a non-custodial parent to claim an exemption. It also discusses the ”tie breaker” rule, voluntary release of the exemption by the custodial parent to the non-custodial parent, and a recent Tax Court decision that dealt with this issue.