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Business Credit Starting January 1, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be: 48.5 cents per mile for business miles driven; 20 cents per mile driven for medical or moving purposes; and 14 cents per mile driven in service to a charitable organization. The standard mileage rates […]
For years, promoters have touted Family Limited Partnerships (FLP) as a way to own and protect assets and provide a mechanism for passing them on to the next generation. The FLP has been used so frequently that one might assume it is a separate entity. However, this isn’t always the case. An FLP is a […]
Anyone who is subject to paying capital gain taxes on appreciated assets and whose estate is subject to estate taxes is a candidate to benefit greatly from a CRT. How does a CRT Work? A CRT is an irrevocable, tax-exempt trust with two parts: 1) the income interest, and 2) the remainder interest. The income […]
I came across a fascinating website the other day calledTheCEOProject, which released a report last July that outlines the factors they discovered which makes exceptional CEO’s exceptional. For the past 15 years, they have studied and worked with about 700 CEOs of fast growing, mid-sized companies with revenues between $15 million and $1.2 billion. That […]
I heard the story first from one of my CPA’s, who reported that my company’s recent quarterly tax return – and sizeable check – might be a bit damp. The IRS says a truck overturned on the San Mateo bridge over the San Francisco Bay and about 30,000 quarterly estimated tax payments – including one […]
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