Entrepreneurs often see accounting for a small business as a necessary evil, even going so far as to equate it with going to the dentist; you might not enjoy it, but if you don’t tend to it periodically you can get into serious trouble. Just like brushing and flossing each...
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Happy New Year! With all of the publicity of the fiscal cliff over the past few weeks, we wanted to make sure you were aware that the EMPLOYEE portion of FICA has reverted to the old rate of 6.2% (from 4.2% for the past two years). Since this is withheld from...
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The IRS will audit hundreds of thousands of individual tax returns this year. Although that represents but a small percentage of all returns filed, this is little consolation if your return is among those selected for audit. But with proper preparation and planning, you should fare well. The purpose of...
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Year-end financial planning is always a relevant topic come December, but it is especially important to consider this year with the uncertainty relating to numerous tax increases scheduled to go into effect on January 1st if Congress does not act to prevent them. Not only will individual tax rates go...
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Copeland Buhl & Company prefers to be proactive in tax planning with our clients. This year, planning is a bigger challenge because unless Congress acts, the Bush-era tax cuts expire at the end of 2012, meaning large tax increases for some clients. Among the changes scheduled to take effect in 2013...
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