by Brian Hare, CPA, CGMA | Dec 1, 2021 | Tax
Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute a few strategies for tax savings. Purchase assets Thinking about buying new or used equipment, machinery or office equipment in...
by Brian Hare, CPA, CGMA | Jul 12, 2018 | Business, Tax
If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. And hiring can make more sense than ever due to changes under the Tax Cuts and Jobs Act (TCJA). How it works...
by Brian Hare, CPA, CGMA | Jun 6, 2018 | Tax
With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an extension), you may be hoping to not think about taxes for the next several months. But for maximum tax savings, now is the time to...
by Brian Hare, CPA, CGMA | Mar 8, 2018 | Estate Planning
If you’re planning on buying a home that you one day wish to pass on to your adult children, a joint purchase can reduce estate tax liability, provided the children have sufficient funds to finance their portion of the purchase. With the gift and estate tax exemption...
by Brian Hare, CPA, CGMA | Jun 15, 2017 | Tax
It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs. If you’re a business owner with children in this situation, you may be able to provide them with valuable experience and income while generating tax...