tax planning Archives - Blau Company Accounting & Tax Preparation

Tax Implications of Divorce
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Tax Implications of Divorce

Personal Tax

Tax Implications of Divorce

I'm writing to provide you with information that could be helpful for individuals facing a divorce or legal separation. Unfortunately, in addition to the difficult personal issues the process entails, several tax concerns need to be addressed to ensure that tax costs are kept to a minimum and that important tax-related decisions are properly made. Please call me if I can be of assistance regarding any of these matters. Support/alimony provisions. Where one spouse is to be making support payments to the other upon divorce or separation, the deductibility of the payments by the payor and their taxability to the [...]

May 1st, 2020|Personal Tax|Comments Off

Mid-Year Tax Planning

Tax Season 2014 has come and gone and now it's time to think about tax planning for tax year 2014. Items which could impact your 2014 taxes include certain life events and expired tax provisions. Certain Life Events Have you recently had a birth, adoption or death in your family? Have you gotten married, divorced, retired, or changed jobs this year? If any of these life events occur in 2014, we need to discuss the potential impact on your 2014 taxes. For example: 1) For Qualifying Children under the age of 17, a tax credit up to $1,000 per qualifying child may be [...]

June 24th, 2014|Business Tax, Personal Tax|Comments Off

Financial Literacy & Healthcare

A recent AICPA survey of 1,008 adults administered by Harris Interactive showed that 51% of the respondents could not identify the terms premium, deductible, and copay. These terms are basic fundamental terms related to the administration of health insurance. 'Half of Americans would fail health insurance 101," Ernie Almote, CPA, chair of the AICPA Financial Literacy Commission, said in a news release. Of the respondents, fourteen percent did not have health insurance and half said that paying for insurance was their biggest concern about the Affordable Care Act mandate. Forty one percent of the individuals said they are not at all knowledgable [...]

January 16th, 2014|General Consulting, Personal Tax|Comments Off

Hear Aaron on “Communication Nation”

This time of year a lot of entrepreneurs and small business owners are thinking about anything but taxes. But making small changes now can have big outcomes later! Special guest Aaron Blau, EA and CPA, joins host Jill Schiefelbein on Communication Nation to talk to us about a hot topic: Money! We discuss how actions you take now can impact your financial health through the rest of the year and beyond. We'll also talk about how to communicate about money and financial issues with your business partners, employees and personal connections. Perhaps most beneficial to the new business owner, though, Aaron will provide [...]

June 27th, 2013|Our Office|Comments Off