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Recent Posts

For those of you that missed our goal setting January 2012 Seminar, 'Make 2012 Your Best Year Ever', our speaker, Jim Dunn, talked about the process of goal setting and the need to set balanced goals – not in the sense of a 'balance scorecard', but rather in order to make 2012 your best year ever (or any year, for that matter), you have to have balance in your life, between family, work, etc. Which Read More
As the Republican primary season is in earnest, we've been asked a few times about the difference between the current tax code and the tax proposals by the two current front runners, Newt Gingrich and Mitt Romney. The following table gives the key highlights between the two proposals and the current tax code. More detailed information about the proposals can be found at the Tax Policy Center. Tax Issue Current Legislation Gingrich Romney Bush Tax Read More
Most all of our firms' clients have to consider Alternative Minimum Tax (AMT) when we develop our annual tax plans and associated strategies. In earlier blog posts I've explained the effect of a 'flat tax' on different incomes, and in listening to the Presidential Debates – not just this year but any year, I'm always dumbfounded when the discussion of a flat tax comes up? Why? Because we already have one effectively with the AMT Read More
I get asked by our clients often 'does it make sense for me to file separately from my spouse?' As is often the case with tax questions, the answer depends on your particular tax picture. In general, your decision will depend upon which filing status results in the lowest tax. But bear in mind that, if you and your spouse file a joint return, each of you is jointly and severally liable for the tax Read More
As we are rolling into tax filing season, there are always a few questions that we get asked. One of which is "can I deduct my investment expenses as business expenses, like the cost of subscriptions to financial periodicals, clerical expenses, a home office, computers, trading classes, etc.?" If possible, these can be deducted as business expenses in arriving at adjusted gross income, rather than as production of income expenses which are deductible only as Read More