For years, we wanted to take advantage of the research tax credit. But, the way we ran our firm, that was never possible.
A lot of you (whether or not you are my clients) are going to get a load of …. from your tax advisors from now on. Because there seems to be no end to the potential penalties the IRS can impose on tax professionals- due to the failure of his/her clients!
It’s an off-year, this year. Yes, I love that expression.
You see, there is no such thing. But, living in the metropolitan DC area, I understand that if it is not a Presidential election year, then it’s considered to be an off-year. And, if there is no national election, it’s almost moribund.
There is a penalty that can be imposed as of 1 July 2015 to small business employers who reimburse employees for premiums paid for individual health insurance policies under Obamacare (PPACA). Yes, that means if you don’t offer insurance because your state does not offer plans for small employers and the various insurance companies charge rates that are outrageous, you can still be penalized. But, there are ways to fix this. Read on…
I’ve written about B corps before. These are conventional, for-profit entities- kind of. Kind of, because they are supposed to be ‘Benefit Corporations’. Instead of being totally capitalistic entities, they use their profits for the good of the community, their employees, and others, as well as their owners.