Tag Archives: S Corporations

To Be, Or Not To Be an S-Corporation, THAT is the Question:

Whether ’tis Nobler in the mind to suffer the stings and angles of outrageous tax planning, or to take hold against a sea of tax pitfalls, and by addressing them : to not cry, to sleep more soundly. As CPAs, … Continue reading

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S-Corporations: Watch out for those Glacier Crevasses

Have you ever watched a mountain climbing movie or documentary where they have to cross a glacier that is covered with snow.  The climbers move at a snail’s pace checking the ground in front of them for a hidden crevasse.  … Continue reading

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CPA Reminder: 2012 Self-employed Healthcare Credit

Yes, I know.  Health insurance is very high and a drag on the small business.  So, lessen the pain by taking the healthcare credit if you qualify.  Here are the facts: Starting in tax year 2011, you take the credit on Form … Continue reading

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Where Do We Go From Here? Strategic Planning In the Fog

The yellow bus lights glowed in the dark as my only beacon.  I couldn’t see 20 feet in front of me on Highway 99 in the central California valley, but we had to get to Lake Huntington.  The four cars … Continue reading

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If You Are Reading This, You’ve Proved My Point

 Last January, I again participated on the planning committee for the 2011 Entertainment Industry Conference for CPAs and attorneys.  We agreed on most of the usual topics to be presented at the conference.  Then, I suggested social networking.  The idea … Continue reading

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Small Business Promotion Using Social Media–How We Did It

I couldn’t believe it.  Well, actually I could, but I didn’t want to.  Gregg Towsley of WSI Quality Solutions sat down with me me 18 months ago and showed me that my business’s social profile was dead.  In other words, if … Continue reading

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2010 Small Business Tax Breaks Revisited

It’s always good to practice the basics, like a major league baseball player who may work on his swing by hitting a ball off a tee.  So here I am going back to the IRS tax site to remind small business … Continue reading

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The Tightrope of Employee Tax Classification is Getting Frayed

My grandfather was Alfano the Great.  In the 1920′s he walked between 2 eight story buildings with no net.  In addition, he walked on his hands, rode a bicycle and did wheelies.  All for a few bucks.  Obviously, he never … Continue reading

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How Does a Small Business Grow? You Can Try to Think Like A Rock Band

We were called the Mini Playboys. Three ten year old musicians who temporarily  put down their rock roots to play old standards, big band, and Italian songs.  The band consisted of a drum, guitar, and accordion.  We almost never played … Continue reading

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Charismatic Business Leaders: What to do afterwards? A Problem to Be Avoided

I can remember back in the late 1970s when only engineers and escentrics operated an apple computer.  My neighbor brought me over and tried to explain how the large odd-shaped device worked.  MS-DOS was not invented, and  my attention span … Continue reading

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