Before the Patient Protection and Affordable Care Act (PPACA) AKA Obamacare, were your insurance premiums rising? The answer is probably yes. After PPACA passed in 2010 did your insurance premiums keep rising? Again the answer is yes. One thing that most people do not understand it that PPACA AKA Obamacare [...] Read more »
Hogs Will Be Slaughtered
S-corporations, sometime when you were setting up your business, you chose, or someone advised you to choose S-corporation as your business form. One advantage is they avoid the “double taxation” of the C-corporation; the government does not usually tax S-corporations. The S-corporation passes income through to you, a shareholder, and you pay the taxes [...] Read more »
Get socked with a big tax penalty in one easy lesson
You wanna get socked with a tax penalty in addition to paying extra taxes? Its easy. Just don't keep any records. As a recent tax court case reveals you not only could get your deductions denied, but also have the fraud penalty imposed. Read more »