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Jerry Murdick, CPA, Tax Manager
Frost, Ruttenberg & Rothblatt, P.C.
Published November, 2008 in Tech Cocktail.com
Year end tax planning for your business is kind of like computer maintenance in a couple of ways. The first is that most people fall into one of two groups, those that are religious about it and those that don’t worry about it until something breaks. The second way is that a failure to do it can be very expensive in the long run. Fortunately there are tax saving items that can be of help to anyone, but those that plan ahead are more likely to experience the full benefit of the effort.
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Gary Barron, CPA
Frost, Ruttenberg & Rothblatt, P.C.
Published July 1, 2008 Tech Cocktail.com
There are numerous considerations in determining the type of entity to be used when starting a new business. The form or structure chosen will determine a number of the business’s features, such as the taxability of the business and its owners, control, legal liability, transferability, as well as countless other aspects. No form is perfect, and the decision usually comes down to weighing the advantages and disadvantages of each type of entity and then making an informed decision.
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Gary Barron, CPA
Frost, Ruttenberg & Rothblatt, P.C.
"The market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity . . . which must be paid in order to bring it thither." Adam Smith, "The Wealth of Nations."
Read the full article, published in The Chicago Tribune.
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Gary Barron, CPA
Frost, Ruttenberg & Rothblat, P.C.<br/>
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A Google search for “tax reform” resulted in 1.2 million hits. Who would have thought Iceland had a need for tax simplification? In the U.S., the recommendations of President Bush’s Advisory Panel on Federal Tax Reform reflect many of the same concepts set forth in the Tax Reform Act of 1986, the mother of all U.S. tax reform legislation. Congress’ primary objective for enacting the 1986 overhaul of the Internal Revenue Code was to promote fairness, efficiency and simplicity — praiseworthy goals.
As we move toward the next presidential election, the cry for tax reform will increase. The 20th anniversary of the 1986 act affords an opportunity to look back. Perhaps Congress should take pause before going down that road again.
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Tax Articles 
