Even if your income is high, your family may be able to benefit from the 0% long-term capital gains rate

We’re entering the giving season, and if making financial gifts to your loved ones is part of your plans — or if you’d simply like to reduce your capital gains tax — consider giving appreciated stock instead of cash this year. Doing so might allow you to eliminate all federal tax liability on the appreciation,[ … ]

New IRS Rules on International Tax Reporting

The IRS continues its efforts to increase financial transparency, especially in the context of cross-border transactions. This time, pursuant to new regulations, they are treating disregarded entities wholly owned, directly, or indirectly, by foreign persons as domestic corporations, but solely for the purpose of making such entities subject to the reporting requirements of Internal Revenue[ … ]

The ins and outs of tax on “income investments”

Many investors, especially more risk-averse ones, hold much of their portfolios in “income investments” — those that pay interest or dividends, with less emphasis on growth in value. But all income investments aren’t alike when it comes to taxes. So it’s important to be aware of the different tax treatments when managing your income investments.[ … ]

Simplify Seasonal Staffing with these Smart Strategies

Whether your business needs temporary workers to get through the holiday season or you hire short-term help on a regular basis, the process of finding the right candidates can be challenging. Try applying these strategies to make seasonal staffing easier: Create an ideal employee profile. Even though temporary help may not be with you long,[ … ]

2 ACA taxes that may apply to your exec comp

If you’re an executive or other key employee, you might be rewarded for your contributions to your company’s success with compensation such as restricted stock, stock options or nonqualified deferred compensation (NQDC). Tax planning for these forms of “exec comp,” however, is generally more complicated than for salaries, bonuses and traditional employee benefits. And planning[ … ]

“Bunching” medical expenses will be a tax-smart strategy for many in 2017

Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed that floor (typically a specific percentage of your income). One example is the medical expense deduction. Because it can be difficult to exceed the floor, a common strategy is to “bunch”[ … ]

BeachFleischman to launch the 2018 Arizona CFO Spotlight Survey

For the third straight year, BeachFleischman and its collaborating sponsors are launching the Arizona CFO Spotlight Survey – 2018, which explores the insights and sentiments of financial leaders from nine key industries on the trends and issues impacting operations of their Arizona-based organizations. CFOs and leaders across the state of Arizona have the opportunity to[ … ]

Proposed Tax Reform Plan: What Could It Mean for You?

Tax reform, one of President Trump’s key legislative agenda items, is moving closer to fruition. Based on the outline of his proposed tax reform package, which he unveiled on September 27, 2017, we’ve compiled this brief overview of the President’s major tax proposals: Individual tax changes: There would be only three tax brackets including one[ … ]

What Commercial Property Owners Should Know About Cost Segregation

As the owner of commercial property, you likely are tasked with a number of financial obligations when it comes to maintaining or making improvements to the building or land you purchased. You want to preserve the value and make a return on your investment. So if you have the opportunity to save significant tax dollars[ … ]