Author Archives: predfern

In light of the IRS’s new Voluntary Worker Classification Settlement Program (VCSP), which it announced this fall, the distinction between independent contractors and employees has become a “hot issue” for many businesses. The IRS has devoted considerable effort to rectifying … Continue reading →

As 2012 gets underway, Congress has extended the employee-side payroll tax cut but a laundry list of tax incentives have expired and their renewal is in doubt.  The fate of these incentives, along with the Bush-era tax cuts, will dominate … Continue reading →

The new year brings a new tax filing season. Mid-April may seem like a long time away in January but it is important to start preparing now for filing your 2011 federal income tax return.  The IRS expects to receive … Continue reading →

Through the end of 2007 and beginning of 2008, we encouraged our clients to “horde cash”. While businesses were still performing fairly well, real estate and associated businesses were being hit. We were encouraging clients to build up cash reserves … Continue reading →

In 2007, we gave our tax clients copies of The Richest Man In Babylon, a classic book on wealth written by George S. Clason during the Great Depression. Like many books of this nature, Mr. Clason espouses saving and investing … Continue reading →

We are nearing the finish line of another tax season! Getting your paperwork together to file a tax return can be painful. If once the returns are prepared there is a liability due, it is especially painful. If, on the … Continue reading →

As you’ve known since having your first job, in January you’ll likely receive a W-2 and other tax documents. What you’ve come to realize since starting your business is that businesses mail out those tax documents. The question is then, … Continue reading →

Do you remember what it was like going to the ice cream shop as a youngster? Let’s take a walk through memory lane. As you step into the parlor, the cold air meets you with a subtle sense of euphoria … Continue reading →

Although the United States is officially out of recession1, uncertainty still abounds for the economy. Housing prices- a consistent topic of discussion in our area and driver of consumer confidence- are flat.  While Congress considers extending (and possibly expanding) the … Continue reading →

The Department of Labor is giving a free webinar on changes to the Form 5500 on Thursday, November 5th at 11 AM. The purpose of this webinar is to help plan sponsors and plan service providers prepare for changes to … Continue reading →