HELPFUL ARTICLES

We here at Hartnett Accounting and Tax Service, P.A. feel that an informed client is our best customer. We know that there is a lot of information on the Internet and it can be tough to determine what is valuable. That is why we have selected the following article(s) for you to view.

 
Limited Liability Companies Offer Tax & Legal Advantages
Limited Liability Companies Offer Tax & Legal Advantages
 
IRS Liberalizes Home Sale Gain Recognition Rules
IRS Liberalizes Home Sale Gain Recognition Rules
 
Save Taxes by Employing Family Members
Employing family members (usually children or grandchildren) who are in a lower tax bracket than the business owner can shift taxable income to those individuals, thus reducing the family's overall tax burden. Not only is income shifted from the parent to the child, if the child is a minor, payroll taxes can quite often be avoided. In addition, the child's compensation is earned income, which allows the child to contribute to an IRA.