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Payroll taxes as dangerous as ever.

An exempt group’s volunteer board chairman is personally liable for the companies unpaid payroll taxes, according to a district court rules. Even though he did not have the power to write checks, have active management nor did he handle personnel matters.  His crime...

Capital Gains

The capital-gains levy is an elective tax on owners of stock and other financial assets. Investors have the ability to control when they pay the tax by when they sell their assets. They can hold unrealized gains until the need is too great or when the tax rate is at...

Usurped

Now in this case I am definitely an outsider looking in, so I can only speculate on some of the facts.  But in any case it is an intriguing idea and possibly maybe even borderline criminal. It starts with a Board of Directors (BOD) for a Not-for-Profit (NFP).  As with...

A side business

It is always refreshing when a client not only listens to me, but is able to profit from it as well.  I just met with a client this weekend that has been dabbling with a side business.  This last year he made decent revenue and outsourced the projects and kept the...

Business Owners and Unemployment

I was talking to someone I know who recently had to close their business.  Luckily for me they were never a client of mine, unfortunately for them they were not. I had inquired whether they had filed for unemployment benefits yet.  I was informed that they were never...

Drug Revenue

The states are continuing to eye the marijuana industry (heroin second, crack third, cocaine fourth) as an additional source of new revenue.  This, despite the fact that there are federal laws in place against marijuana possession. In November, Colorado voters may...

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