Tax-Free Income: Solo 401(k) Plans
As tax reform comes into focus, the 401(k) plan -- a stalwart of savings in the investment community -- is reportedly on the chopping...
TAX BLOG
Foreign Reporting Overview: Expats, Entrepreneurs, and Everyone Else
For expats and entrepreneurs with foreign business interests, additional information returns are required to be filed on tax day. The...
Consulting Spotlight: Cash Compensation Arrangements for Small Businesses
Cash compensation arrangements for small businesses can oftentimes generate 'phantom income' for the owners. In order to reconcile cash...
Mega tax moves: defined benefit plans
Defined benefit plans, otherwise known as "pension" plans, are ideal saving and planning vehicles for taxpayers consistently earning in...
Phantom income: the ghoul'd, the bad, and the ugly
Long after Halloween passes, many taxpayers across the country will continue to be haunted by the curious faces of phantom income. For...
Retirement planning through payroll
If you are a micro- to medium-sized business owner, consider reevaluating the role of retirement planning in your business operations as...
Safe harbor for higher income taxpayers
My last update on Sept 8 2016 (Saving taxes through payroll) briefly touched on the timing differences between estimated quarterly taxes...
Saving taxes through payroll
Last week I explained how self-employment taxes and payroll taxes are two sides of the same coin. This week, I will illustrate how a...
What is your 'true' tax rate?
W-2 employees don't pay self-employment taxes. Or do they? ----- As an employee, 6.2% of every dollar earned is withheld for Social...