Posts Categorized: Tax Advisory

2018 was a pretty dramatic year for most people.

Posted by & filed under Asset Protection, Biotechnology, Estate Planning, Financial Planning, HealthCare, Legislation and Regulation Affecting Investments, Library, Portfolio Management, Retirement Planning, Retirement Plans, Retirement Plans, Tax Advisory, The Economy, Why You Save and Invest.

2018 was a pretty dramatic year for most people. The markets soared to new heights and became extremely volatile. Bitcoin crashed. The Fed increased interest rates, the principal value of bonds fell, yields rose and inflation ticked up past the 2% mark the Fed had declared its target. The value of assets, the ability to… Read more »

Tax Reform’s Impact – Case Study #1

Posted by & filed under Tax Advisory.

Tax Reform’s Impact – Case Study #1 Guest Post by Chris Whalen, CPA FACTS: Family of 4, Two Parents, Two Children, 230K of wages, homeowners with itemized deductions. Are you concerned about how the new law will impact your family’s or business’ tax bill? My firm is ready to prepare a customized 2018 projection based… Read more »

Have “Unreimbursed Business Expenses?”, Ask For A Raise Immediately

Posted by & filed under Financial Planning, Tax Advisory.

Guest Post by Chris, Whalen, CPA Many employees pay for business related expenses that their employer does NOT reimburse. These are called Unreimbursed Business Expenses and they are taken as a deduction on Schedule A, Itemized Deductions, using Form 2106. Here is a general list of Unreimbursed Business Expenses Business bad debt of an employee. Business liability… Read more »

What Entity Type Is Best When Seeking Venture Capital?

Posted by & filed under Biotechnology, Financial Planning, HealthCare, Tax Advisory.

Guest Article By Chris Whalen, CPA: Starting a business is extremely complex, and it is very easy to make mistakes that can incur tax penalties and also hurt your chances for acquiring financing. Let’s say you were starting a company and needed to raise capital. You have to decide what entity to create. What are… Read more »

Taxes-Tax Update For 2015

Posted by & filed under Tax Advisory.

Key Points: Tax changes in recent years included a new Medicare surtax for high-income earners, a new top rate for dividends, long-term capital gains and the phase-out of itemized deductions for high earners. If you’re subject to higher taxes, it’s even more important to take advantage of whatever tax breaks apply to you. Learn more… Read more »