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Welcome to the SC&H Group podcast series. Today, we are speaking with Angelo Poletis, Principal with SC&H Group and Chris Davidson, Senior Manager with SC&H Group, about key tax planning strategies for government contractors
It's the MOST important time of year for implementing year-end tax planning tips. I'll set forth my top strategies and then open it up for calls and emails. I'll do my best to answer your questions, and if I don't have the answer, I will find it. Please email your questions and comments in advance to email@example.com.
Put in the subject line 'Show Question'.
The show will broadcast LIVE Tuesday, December 17th, at 11am PST / 2 EST. You can call in and listen LIVE on the road at 646-200-4285, or listen in here.
NO SHOW NEXT WEEK: December 24th. Merry Christmas!!!!
Disclaimer Topics and Strategies discussed in TIPShow broadcasts are general in nature and may not apply to your individual situation. The views expressed in this talk are solely the opinions of the speakers involved. These opinions are general in nature and not designed to provide specific investment advice to individuals. Investors should not make investment decisions based exclusively on the material discussed on this call. CapSouth Partners is an independent, Registered Investment Advisor. Please consult your tax or legal advisor before making decisions that may have tax or legal consequences
“MAKE TAXES LESS TAXING - Tools, Tips & Strategies”
Looking forward, what can you do to plan to save time, trouble and money on your 2014 tax return? We’ll discuss changes in filing status, IRS regulations and deductions that give you practical advice you can use!
Learn from the dynamic lady lawyer, "LADY LAWYER LIVE" Cynthia Rignanese, and guest CPA, Thomas “Tom” Bazley, both of Winter Haven in Central Florida! Together, they have more than 40 years experience!
The host, Ms. Rignanese, has been a practicing attorney for nearly 25 years, and a radio personality for 20 years. Her practice focuses in Estate Planning and Administration, Tax Planning, Real Property and Business Law.
Guest CPA, Mr. Bazley, has been in public accounting for more than 15 years. He is a published author; frequent speaker to state CPA societies and estate planning councils on income plus estate tax matters; and instructor of income and estate tax topics. His practice emphasizes tax planning and compliance, estate planning and taxation. And this is not his first radio appearance; he dominated as a guest on radio discussing estate planning in the current tax environment!
This is a LIVE, CALL IN SHOW!
BROADCASTING LIVE :
Feb 10, 2014 from 4:00 to 4:30 pm EST
CALL to SPEAK WITH THE LAWYER and CPA (LIVE) AT:
Hard to believe that the IRS is out to screw the fifty states. This special IRS designed Nevada asset protection trust's income avoids state income taxes.
Having a trust in Nevada to avoid state income taxes is not new.
However, in the past you could not control the trust if you wanted the tax savings. Also, you could not be a trust beneficiary. This means once the assets were placed in the trust you cannot get them back.
But there is a tiny tiny crack in the law. And now the IRS is letting all of us know how to use that crack to avoid gift taxes, avoid state income taxes and to protect assets.
The general rule is the trust is a grantor trust if I create the trust and I am a beneficiary or if I am the trustee.
For example, if the trust was in Nevada and earned an hundred thousand dollars of interest income, I pay tax on the hundred thousand dollars if the trust is classified as a grantor trust.
But not now! The IRS found a tiny crack that allowed the taxpayer in this ruling to be both a beneficiary and the owner of the trust company and avoid the grantor trust rules. That $100,000 is not state income tax free.
By the way, also the IRS also ruled that no gift tax was due on the millions of dollars he placed into the trust.
Here is the link to the IRS ruling and my annotations.
Harvey Stoller offers advice and warning about heating and air conditioning equipment. There are ways to save money and better protect employees against carbon monoxide poisoning.
Year-end tax minimization tactics.
How one small business leader learned to be a better manager will crewing for a ride-across-America bike trek.
Download, read the latest free issue of Small Business Digest magazine. Click Here To Download
An insurance exchange offering the best possible healthcare insurance options to small businesses and individuals is now available.
This is the perfect time to update your personal and company financial records and to sit down with your tax professional for a year-end strategy session. You will be in a better position to see if you can pay into a retirement plan, or buy that equipment you need for your business and do year-end tax planning. This will help you understand the tax position for your company and yourself now. If you are a partner or member of a company/corporation you need to plan for tax consequences of the level of profitability of the company. I urge you to be prepared. Get your records up to date NOW! Make the appointment with your tax professional. You will not stress if you are in the know and have a plan!
We partner with entrepreneurs by going beyond bookkeeping to provide cash flow strategy to help you find the money in your business. Our mission is to provide an effective means for cash flow improvement to organizations throughout the United States. Remember: Knowledge and Power around YOUR Cash Flow are the Keys to your Dreams of Success, Freedom and Peace of Mind. Take Action Today for Success in YOUR Future! For more information go to www.CashFlowStrategist.com or www.TheVirtualBookkeepers.com.
Good news- President Obama tax and budget deficit plan is full of new Presidential approved loopholes. This broadcasts will explore the biggest tax savings for small business and investors.
I hunted and pecked my way through all 250 pages to select the best for the biggest to the silliest... such as the golf cart energy tax credit.
Tax planning is looking down the road, around the curve, for the next big set of loopholes. Every tax bill that I have seen has had new tax loopholes.
The "Press" will tell you that that this bill has closed abusive loopholes and its is tax reform. However, one parties abuse is the other parties economic incentive.
So, your tax planner goes with the current (as you may know, I am a river rafter in my free time) and does not paddle upstream.
This episode of Tax Talk will cover my favorite loopholes. You will learn how to get the same tax loopholes used by the "Wealthy"
Here are the show notes with my favorite 40 tax saving loopholes.
If you have a question, the call me, Brian Dooley, CPA or text me at 949-939-3414.
The time is now to get your tax plan together before DECEMBER 31st. With an uneasy economy, an election year and everchanging rules from the IRS, what can you do to ensure you have done everything possible to take advantage of some real savings?
Spend time with us today and listen to Mountaintop University Guru, Bonnie Mackey as she shares great information at the perfect time of the year for all matters on taxation.
Bonnie Mackey is a partner with the firm of Levin, Silvey, Zelko and Mackey, PA
She is an instructor for the Becker Professional Review course, Past-Pres.-FICPA Goldcoast, AWSCPA–S FL Aff. & NDSB Estate Planning Council, Nat'l Dir.-Publications/AWSCPA, Treas/ Broward County Guardianship Assn, member of AICPA, FICPA & WECAI, on Trust Advisory Comm. for CareSource and its VP, an expert witness for guardianship accounting, and FICPA Ethics course instructor.
You can contact Bonnie directly at:http://www.lszcpa.com and read her blog at http://www.mountaintopuniversity.com where we are proud to have her as one of our many top experts that we call Gurus.
Google and General Electric have been slammed in the press for having a Great Tax Team.
GE paid no U.S. income tax... Google is did better. They will have a negative U.S. income tax.
Great Tax Teams do much more than mere tax planning.
This episode will teach you all you need to know to get your CPA and attorney to be a Great Tax Team. Learn about Google's innovative tax planning in fifteen minutes.
Have you ever felt like other tax payers don't pay their fair share. I will teach you how to reduce your fair share to compare to those taxpayers. If you are running a small business and paying 25% of your income in tax I will show you how to cut that down by 15%. Please listen in and send in any questions you may have to taxreductionspecialist.com
Listen and learn about changes you can make in your household that will improvre your income tax return during this last quarter October - December 2014 that can result in you being able to to get an extra $3,000 to $5,000 back on your tax return. How would you like to to see $3,000 to $5,000 extra money in your pocket come February or March 2015, if you would like for that to happen for you listen to tonights show.