Archive for the ‘Business Strategy’ Category

When to Recognize That Bad Debt

Posted on November 11th, 2012 by by George Ashley

So you got conned into loaning your buddy’s business some dough, and despite your efforts to collect, you’re getting nowhere.  What do you do on your tax return, and when do you do it? Generally speaking, noncorporate taxpayers are permitted to write off, as a short-term capital loss, a loan of this nature in the […]

Shareholder’s Compensation and Her Corporation’s Deduction

Posted on December 1st, 2011 by by George Ashley

So you say your “S” corporation is looking high and low for ways to offset some or all of its profits earned during the stellar 2011 tax year.  And the thought occurs to you that because it uses the accrual method of accounting (recognizing expenses when incurred, which may precede the date of actual payment), […]

Economic Advisors’ Bafflegab

Posted on July 14th, 2011 by by George Ashley

The President’s Council of Economic Advisors (CEA) recently released its seventh quarterly report regarding all of the wonderful achievements of the American Recovery and Reinvestment Act of 2009 (ARRA) – affectionately known as the “stimulus” legislation. Now first of all, when any bureaucrats release any report on the Friday before an elongated holiday weekend (as […]

California Business – Killing Legislation

Posted on July 7th, 2011 by by George Ashley

It’s becoming a race to determine who’s more business-unfriendly:  Obama or Jerry Brown! The ink was hardly dry on last week’s California business-killing legislation (i.e.-the tax on Internet sales brokered through affiliate advertising) when terminated something like 25,000 of its relationships with affiliate advertisers.  The state thinks the good news is that the new […]

“S” Corporations Soon to Lose Their Edge

Posted on June 10th, 2010 by by George Ashley

            The glory days of “S” corporations may soon become a thing of the past.  Not good news for many small businesses, at a time when tax news is almost always bad news.             Recall that “S” corporations are those which typically don’t pay tax at their own level–the bottom line “passes through,” as the […]

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