Year-end planning: Careful handling of capital gains and losses by individuals can save taxes

Dear Client, Investors face the prospect of a darker tax climate in 2013 for investment income and gains. Under current law, higher-income taxpayers will face a 3.8% surtax on their investment income and gains. Additionally, if the Bush tax cuts expire, all taxpayers will face higher taxes on investment income and gains, and the vast…

SBA 504 Loan Program

Dear Client, Just a heads up on an existing loan program for small business owners that you may be interested in that is sponsored by the SBA. It’s called the Small Business Administration 504 Loan Program. This is available for new equipment or building purchases, as well as, refinancing of commercial buildings that are owner…

Supreme Court Ruling: What You Need to Know (Affordable Care Act)

Starting in 2014, the Affordable Care Act (ACA) requires health plans to cover everyone, including those with pre-existing conditions, and does not allow premiums to vary based on a person’s health status. Without requiring everyone to purchase and maintain coverage, there is a powerful incentive for people to wait and purchase insurance only after they…

Using Retirement Assets To Finance A New Business: Compliance Is The Key

Dear Client, While rollover financings can help aspiring entrepreneurs in the economic downturn, they must be carefully structured and comply with IRS filing and other legal requirements to avoid IRS challenge. Following the economic downturn, small businesses and aspiring entrepreneurs found it increasingly difficult to obtain conventional financing. Thus, it is not surprising that, in…