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Tax Issues When Starting Your Business

“With great power there must also come great responsibility.” – Ben Parker As you begin plotting what type of business yours will become, it’s good to look at how different

Why Start A Business?

“But why, some say, the moon? Why choose this as our goal? And they may well ask why climb the highest mountain? Why, 35 years ago, fly the Atlantic? Why

It’s Always Election Season: 83(b)

“The wages of sin are death, but by the time taxes are taken out, it’s just sort of a tired feeling.” ― Paula Poundstone There are various ways employees and

The Buy-Sell As Part of Your Exit Plan

Every exit is an entry to somewhere else. — Tom Stoppard Last week we discussed the importance of drafting a will or trust and exit strategy as part of your

Offer In Compromise: Legally Defensible Positions

Discourage litigation. Persuade your neighbors to compromise whenever you can. — Abraham Lincoln Last week we discussed ways to negotiate with the Internal Revenue Service (IRS) during Notice Season. One

Why You Need a Will and an Exit Plan for Your Business

“Death is a very dull, dreary affair, and my advice to you is to have nothing whatsoever to do with it.” – W. Somerset Maugham Prince was a great artist

Age and Treachery Will Outdo Youth and Skill

“Youth is wasted on the young.” — George Bernard Shaw Throughout my career, I have worked with startups. As comes with start-ups, I am always surrounded by the young. I’ve

Home Office Deductions and Legitimacy

“You can work, shop, do everything from home, and I find this unsettling.” — Patrice Leconte, French film director When I first started preparing tax returns there were far fewer

Of Business and Divorce: NY Edition

So sick of saying goodbye again. — Henry Rollins   For the past two weeks, we’ve explored the tell-tale signs that a business is suffering and about to fail due