Gates, Kirby & Company, P.C.

19 Apr

4 WAYS CORPORATE BUSINESS OWNERS CAN HELP ENSURE COMPENSATION IS “REASONABLE”

Owners of incorporated businesses know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments. Therefore, if funds are...

09:00 / Legal / Taxes

28 Aug

WITH GLITCH FIXED, CONSIDER BUSINESS PROPERTY UPGRADES

The Coronavirus Aid, Relief and Economic Security Act fixed a legislative glitch that prevented businesses from claiming 100% bonus depreciation for qualified improvement property. This brief article describes the situation and advises business owners to keep this tax break in mind....

08:00 / Budgeting / COVID-19 / Legal / Taxes

06 Dec

ASSET PROTECTION IS JUST AS IMPORTANT AS TAX PLANNING

Many financially savvy individuals are already thinking about filing their tax returns next year. But they shouldn’t overlook another critical and equally important aspect of financial planning: asset protection. This article discusses some fundamental strategies to consider. A sidebar discusses asset ownership structure....

10:09 / Budgeting / Insurance / Legal / Taxes

28 Jan

INSTALLMENT SALES: A VIABLE OPTION FOR TRANSFERRING ASSETS

Many people will eventually need to transfer ownership of real estate, a family business or some other asset expected to appreciate dramatically in the future. In such cases, an installment sale may be a viable option. This article explains under what circumstances this strategy should...

08:30 / Budgeting / Inheritance / Legal / Taxes

14 Jan

7 WAYS TO PREVENT ELDER FINANCIAL ABUSE

As tax season ramps up, so do the efforts of scam artists looking to steal older people’s financial data and money. This article offers seven ways to prevent elder financial abuse....

08:00 / Legal / Taxes

4 WAYS CORPORATE BUSINESS OWNERS CAN HELP ENSURE COMPENSATION IS “REASONABLE”

WITH GLITCH FIXED, CONSIDER BUSINESS PROPERTY UPGRADES

ASSET PROTECTION IS JUST AS IMPORTANT AS TAX PLANNING

INSTALLMENT SALES: A VIABLE OPTION FOR TRANSFERRING ASSETS

7 WAYS TO PREVENT ELDER FINANCIAL ABUSE

Quickbooks ProAdvisor:

CONTACT:

Map: