Turning A Business Trip Into A Vacation
Bringing family or friends along on a business trip and extending your stay can be an excellent way to fund a portion of your vacation costs and save taxes. But if you’re not careful, you could lose the tax benefits. Generally, if the primary purpose of your trip is business, then expenses directly attributable to [...]
If You Have Nexus, You May Need Nexium®!
The word “nexus” is derived from the Latin nectere, which means to bind. The definition is “ to connect by linking two or more things.” All states are looking to raise revenue either through sales tax, use tax, income tax and “other” taxes. So if you have a presence in another state, you may have [...]
Now’s The Time For Giving
For 2012, the gift and estate tax exemption is $5.12 million and the maximum gift and estate tax rate is 35%. Absent additional legislation, for 2013 the exemption will drop to $1 million and the top tax rate will increase to 55%. It’s difficult to predict what Congress will do between now and then, so [...]
Congress Recesses Without Reducing Tax Law Uncertainty
Congress has adjourned for its August recess, and we still have no extensions of tax law provisions that expired at the end of 2011 or any definitive answers on what will happen to tax rates and breaks set to expire at the end of this year. While the House and Senate each passed its own [...]
The Investment IQ Quiz
At our firm we use American Funds for our Retirement & Savings Plan. With quarterly statements there is typically an insert with useful information from American Funds. This past month they had a fun Investment IQ Quiz to test our knowledge — I thought I would share it with you. Match the definition on the [...]
