Posts by Alegria Network Administrator
Implementing a Succession Plan – Using a Buy-Sell Agreement
A co-owner of a closely held family business should carefully consider what would happen to the business in the event of his or her death or the death of a co-owner. Many issues come to mind, including whether the business would be able to survive. Family members might find it necessary to liquidate the business…
Read MoreDeveloping a Business Succession Plan
Few business owners plan their exits from their businesses with as much care as they planned their entries. Just as every owner starting out needs a business plan, every owner looking to retire needs a succession plan to help transfer ownership and to achieve his or her retirement goals.
Read MoreIRC §1031 Tax Free Exchanges
Internal Revenue Code §1031, Exchange of property held for Productive use or investment, was enacted in 1921.
Read MoreTax Efficient Investing
Many employed individuals participate in a defined contribution plan sponsored by their employer, or they have an IRA, and chances are money is invested in mutual funds within those plans.
Read MorePersonal Financial Statement
Before we discuss what should be included, let’s talk about why you may need a personal financial statement and what a personal financial statement does for you.
Read MoreAffordable Care Act Individual Mandate
You have your business tax return in hand ready to sign when you notice the note on the form next to the sign here line: “Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,…
Read MoreTop 1040 Filing Mistakes
As the tax filing deadline approaches and stress levels of taxpayers rise, it’s important to take time to reflect on common 1040 filing mistakes to help ensure that your return isn’t one with errors that slow down a refund or possibly leads to unnecessary tax being paid to the IRS.
Read MoreAffordable Care Act Employer Mandates for 2015 & 2016
Beginning in 2015, if you (your business) employs at least 100 full-time employees (and for 2016 and beyond at least 50 full-time employees), you may become subject to the employer mandate that was enacted as part of the Affordable Care Act (ACA); if you fail to meet its requirements, you may owe a nondeductible excise…
Read MoreNew Capitalization & Repair Regulations Affect Business & Rental Property Tax Preparation
The Internal Revenue Service issued final regulations in 2013 regarding expenditures for tangible business property. The regulations pertain to the acquisition, improvement, production and sale of such property.
Read More2014 Tax Preparation
The New Year begins with many of us making resolutions to eliminate procrastination and committing to self-improvement. Why not include organizing and planning for preparation of your 2014 income tax return to decrease the stress or dread many feel when dealing with filing their income taxes?
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