Posts by Cougar Digital
Tax Efficient Investing
Many employed individuals participate in a defined contribution plan sponsored by their employer, or they have an IRA, and chances are money is invested in mutual funds within those plans.
Read MorePersonal Financial Statement
Before we discuss what should be included, let’s talk about why you may need a personal financial statement and what a personal financial statement does for you.
Read MoreAffordable Care Act Individual Mandate
You have your business tax return in hand ready to sign when you notice the note on the form next to the sign here line: “Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,…
Read MoreTop 1040 Filing Mistakes
As the tax filing deadline approaches and stress levels of taxpayers rise, it’s important to take time to reflect on common 1040 filing mistakes to help ensure that your return isn’t one with errors that slow down a refund or possibly leads to unnecessary tax being paid to the IRS.
Read MoreAffordable Care Act Employer Mandates for 2015 & 2016
Beginning in 2015, if you (your business) employs at least 100 full-time employees (and for 2016 and beyond at least 50 full-time employees), you may become subject to the employer mandate that was enacted as part of the Affordable Care Act (ACA); if you fail to meet its requirements, you may owe a nondeductible excise…
Read MoreNew Capitalization & Repair Regulations Affect Business & Rental Property Tax Preparation
The Internal Revenue Service issued final regulations in 2013 regarding expenditures for tangible business property. The regulations pertain to the acquisition, improvement, production and sale of such property.
Read More2014 Tax Preparation
The New Year begins with many of us making resolutions to eliminate procrastination and committing to self-improvement. Why not include organizing and planning for preparation of your 2014 income tax return to decrease the stress or dread many feel when dealing with filing their income taxes?
Read MoreBusiness Planning for the New Year & Beyond
In the past year articles my partners and I have written frequently addressed business planning. As business consultants, we are firm believers that a solid business plan will improve businesses’ chances for success.
Read MoreAssessing Your Business Successes and Failures for the Year
A successful businessman or businesswoman has had a good estimate for some time of their business’ financial results for 2014 and already has set their sights on 2015.
Read MoreWhat Will You Need to Retire?
Hopefully you have prepared a model that calculates what your annual retirement contributions and other savings and investments will accumulate to by your planned retirement date. If you haven’t, in the previous edition a model for long term planning, projecting and monitoring asset accumulation was addressed. One such model may be downloaded from Alegriacpas.com.
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