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Important Tax Alert
From friend of the firm, Marvin Blum, The Blum Firm, PC: IMPORTANT TAX ALERT! Although we have been hoping that there would be no major tax law changes until December 31, 2012, we are now concerned that significant changes could take effect before the end of 2011. Last month, Congress voted to increase the nation’s […]
Limited Lame Duck Produces Mixed Bag of Results for Small Business
From the National Federation of Individual Business (NFIB) MyBusiness Magazine: http://www.nfib.com/mybusiness-magazine/myvoice-in-dc ***** As the 111th Congress adjourned, there was finally some good news on tax rates and federal spending. For the past year, small business owners have pleaded with Congress to give them some certainty on taxes, and the results of the November 2nd election […]
Bill Filed to Permanently Extend Small Business Franchise Tax Exemption
From Texas State Representative Phil King’s web site: King Files Bill Permanently Extending Small Business Tax Exemption Contact Information: (817) 596-8100 January 3, 2010 State Representative Phil King (R-Weatherford) this week filed HB 476, a bill that will protect small businesses in Texas by permanently extending the small business franchise tax exemption. “Protecting small business […]
Estate Planning after 2010 Tax Act
Analysis from Marvin Blum, The Blum Firm, P.C.: The 2010 Tax Act: What You Need to Know Now The best holiday gift you get this year may just be the new “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010,” signed into law last week. The law contains more taxpayer favorable provisions than […]
Small Business Groups Fight Regulatory Burdens
Business steps up fight against ‘regulatory tsunami’ The Business Journals – by Kent Hoover Date: Tuesday, November 23, 2010, 10:51am EST More than 40 major new rules were issued by the Obama administration during fiscal 2010, costing the economy at least $26.5 billion, according to government estimates. The actual cost is much higher, according to […]
Healthcare Reform Bill
Think the health care bill is only about health care? Allyson Baumeister, officer and partner at CPA firm Sanford, Baumeister & Frazier, outlines the implications and (frightening) impacts of the bill on individuals and small businesses. Well done, Allyson! ******* Health care reform affects business, personal taxes Allyson Baumeister New health care legislation will change […]
Confidence
As a former athlete on the collegiate level, I enjoy quotes from those in that arena. Augie Garrido, the winningest coach in college baseball who’s now at UT-Austin, offers a sage comment which is appropriate for those of us running a company in our current business environment. “Confidence is the only way to conquer fear. […]
Why Sell Your Business in 2010?
Why sell your business in 2010? Significant tax advantages, and not just capital gains taxes. Maximizing value for our clients in a sale is a top concern at Kasper & Associates, so an article, “Federal Capital Gain Tax Rates: Where are they headed?”, by Monty Walker, CPA, CBI, BCB of Walker Business Advisory Services caught […]
Stock Purchases More Attractive
Traditionally, business Sellers prefer Stock Sales over Asset Sales for the beneficial tax ramifications. On the other hand, Buyers have typically avoided Stock Purchases because of the possibility of hidden liabilities. However, recent government actions may encourage more Buyers toward Stock Purchases, at least for a short time. Attorney Mark Avery with Richards Rodriguez & […]
Comparing Two Approaches to State Government
In many ways, while California is sinking, Texas is flying high. http://www.economist.com/printedition/displayStory.cfm?Story_ID=13990207
