Ken Meissner
Taxpayer Identity Theft
As the 2015 tax filing season starts, the nation’s fastest growing crime involves stealing taxpayer Social Security numbers to file for false refunds. Taxpayers who are unlucky enough to be the victim of this growing threat face
Read MoreTax Return Due Dates: Changes Coming
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, which was signed into law by the President on July 31st, 2015, may not have received as much press coverage as the recently enacted PATH Act (which clarified many of the tax extenders that individual and business taxpayers have come to rely on);…
Read MoreBuying a Business? Where’s the Cash?
You’ve identified a business, have a solid updated business plan, and lots of enthusiasm. The only thing missing is the money to get started.
Read MoreBuying a Business: Is it Right for You?
Buying a business is serious and should not be undertaken lightly. Everyone has different reasons for choosing business ownership,
Read MoreImplementing 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 MoreBusiness Planning for the New Year & Beyond
In the past year articles my partners and I have written frequently addressed business planning. As business consultants, we are firm believers that a solid business plan will improve businesses’ chances for success.
Read MoreAssessing Your Business Successes and Failures for the Year
A successful businessman or businesswoman has had a good estimate for some time of their business’ financial results for 2014 and already has set their sights on 2015.
Read MoreIRS Letters and Replies
You just received a letter from the Internal Revenue Service (IRS) and your first thoughts, after panic subsides (or not), might be: I have never been audited before; how can I get this over with as fast as possible; why me; how much more am I going to have to pay; what did I do…
Read MoreLiving Trusts and Powers of Attorney
In my previous article I addressed the importance of having a will and estate planning. As part of the estate planning process, a Power of Attorney will likely by discussed and possibly the use of a Living Trust. It is important to understand each of these instruments.
Read More