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Pizza, Anyone?

Hiring your kids can save you taxes. If you hire your children, they are under 18 years old and your business is unincorporated, neither the business nor the kids have to pay Social Security or Medicare taxes on their wages. Shifting income to your children this way can also reduce your family’s income tax bill, […]

This is a Good Summer Beach Read!

Oh boy, oh boy!  Last week the IRS released the 2012 individual statistics of income, known to us tax nerds as Pub 1304.  Once again, I curled up on the couch with this 340 page document for a good read. (I am back from the beach already and hunkered down for the extended return filing […]

OH, COME ON, MR. PRESIDENT

Today’s Accounting Today has an article entitled “Obama Blames Accountants for Inversion Trend.” During a press conference yesterday, President Obama said the following: “You have accountants going to some big corporations – multinational corporations but that are clearly U.S.-based companies – and these accountants are saying, you know what, we found a great loophole – […]

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