Retention - Ever wondered how long you should keep copies of those
old bank statements. If you're like many of our clients, you
probably keep them longer than you're actually required to.
Prolonged record retention is a costly practice.
retirement and need to know your minimum IRA distribution? Check
out our IRA Minimum Distribution
Calculator now updated with the IRS' new 2002 factors!
A recent Tax Court case outlined a situation we as CPAs see quite often with our clients.
In this case, the taxpayer was the sole shareholder of a professional association
(taxed as a corporation) which performed medical services.
Tax Act - On Wednesday, May 28th, 2003,
President Bush signed the Jobs and Growth
Tax Relief Reconciliation Act of 2003 which should bring at least some
tax breaks to almost all of our clients. As everyone
anticipated, the primary beneficiaries of the Act are families with
children, stock investors, high income taxpayers and small