Generally there are two methods of purchasing a corporation, buying the stock directly, or buying all the assets of the corporation. When buying the stock directly, the selling owner recognizes capital gain on the sale, and the buyer steps directly into the shoes of...
Tax Incentives Can Save Exporters Cash – by Howard Flitt Many CPAs and owners of businesses that export are missing the boat on one of the most powerful tax incentives available for exporters. The IC-DISC, a little known and underutilized tax incentive, holds...
Dear Client, The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income...
We recently received the following news from the Massachusetts Society of Certified Public Accountants; “The Society received word from some members whose clients have received notices from the IRS regarding income not properly reported. This income is linked to Roth...
