The United States is one of the most generous countries in the world. You are probably saying, “Yes, I already know that”, but did you know that Myanmar is the #1 most generous country in the world? I did not, but that is not the purpose of this article. Every year, more and more non […]
Author Archives: Josh Simpson, CPA
25
Aug
Aug
I don’t know about you but I didn’t learn much about how to start a business in business school. Today social media is king – Instagram, Facebook, LinkedIn, Google, which are all great ways to promote your business, but what about the less sexy aspects of starting a business? Accounting/Legal are keystones of any successful […]
27
Jul
Jul
I have talked with many families who fall under the false notion that the company they work for provides them with a sufficient dollar amount of life insurance. Companies give most of their employees just enough pay, health insurance, life insurance and other benefits so that the company can get a deduction and the employee […]
27
Jul
Jul
I hope so! But, we will just have to wait and see. To reform the health care system is a difficult task in deed and we saw that the recent attempt failed. Many do not realize, but tax reform is even more difficult to reform than health care. I remember one of my college professors, […]
27
Jul
Jul
Often, they are. Credits are dollar-for-dollar reductions in the amount of taxes owed. For example, if your business qualifies for a $12,000 tax credit for expenses incurred to develop a new or improved product or process, the IRS may give your business a credit for having already paid $12,000 in taxes, and that amount is […]