Business Planning and Consulting

Spousal Health Coverage

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Should you offer spousal health care coverage? As an employer looking to control and manage the costs of benefits and costs, there are many ideas to consider. One in particular is whether and how to offer health care insurance to their employees’ spouses. The Affordable Care Act doesn’t require spousal coverage. It only requires coverage for […]

albuquerque CPA , TAX advice

Now’s the time to start thinking about “bunching” — miscellaneous itemized deductions, that is

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  Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2% of your adjusted gross income (AGI). Bunching these expenses into a single year may allow you to exceed this “floor.” So now is a good time to add up your potential deductions to date […]

CFO Outsource

Some Lean Manufacturing principles to count on….

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  Lean companies make their products as efficiently as possible, using the least possible staff time, equipment and working capital. Originally imported from Japan in the 1980s, lean manufacturing continues to play a key role in every successful U.S. manufacturer. Increased global competition and declining operating margins make these four lean manufacturing fundamentals especially important […]

Trusts

Take care of a loved one who has special needs with an SNT

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Special needs trusts (SNTs), also called “supplemental needs trusts,” benefit children or other family members with a disability that requires extended-term care or that prevents them from being able to support themselves. This trust type can provide peace of mind that your loved one’s quality of life will be enhanced while not disqualifying him or […]

Uncategorized

3 strategies for tax-smart giving

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  Giving away assets during your life will help reduce the size of your taxable estate, which is beneficial if you have a large estate that could be subject to estate taxes. For 2016, the lifetime gift and estate tax exemption is $5.45 million (twice that for married couples with proper estate planning strategies in […]