Long after Halloween passes, many taxpayers across the country will continue to be haunted by the curious faces of phantom income. For some, there is hope; a CPA can often curtail, mitigate, or at the very least prepare a taxpayer for the trauma associated with paying tax on income that was never 'cash in hand.' For others, taxes will never be the same... ------- For cash-basis taxpayers, ‘Phantom Income’—aka the ‘Tax Bogeyman’, aka the ‘Green Reaper’, aka the ‘Phantom of the

If you are a micro- to medium-sized business owner, consider reevaluating the role of retirement planning in your business operations as well as in your individual tax ‘portfolio.’ ------ Choosing the right retirement solution for your small business can be instrumental in providing growth and security for yourself, your employees, and your enterprise as a whole. The tax advantages of small business retirement plans include: Tax deductions for employer contributions to employ