By Kenneth H. Bridges, CPA, PFS June 2012
Owners of potentially depreciable real estate properties often attempt to segregate the property into components other than land and structure in order to accelerate their tax deductions for depreciation. Land itself is …
By Kenneth H. Bridges, CPA, PFS June 2012
For entrepreneurs looking to sell their business, a “strategic buyer” (e.g. larger company in the same industry) is usually the best buyer. However, for companies for which there is not a strategic …
By Kenneth H. Bridges, CPA, PFS March 2012
Over the years, the U.S. has offered a number of tax incentives for exporters. Some of these (e.g. the foreign sales corporation and extra-territorial income exclusion) have been repealed after being found …
By Kenneth H. Bridges, CPA, PFS March 2012
Partnerships, LLCs, S-corps and trusts are required to distribute annual K-1s to their partners, members, shareholders and beneficiaries, respectively, reflecting their respective share of the taxable income or loss and other tax-related …
By Kenneth H. Bridges, CPA, PFS March 2011
Early stage companies often incur tax losses in their first few years of existence. And even mature companies can have loss years; particularly companies in cyclical industries, or almost any company in …
By Kenneth H. Bridges, CPA, PFS March 2011
Assume a selling price of $10,000,000, corporate capital gains rates of 34% and 6% for Federal and Georgia, respectively, and individual capital gains rates of 15% and 6% for Federal and Georgia, …
By Kenneth H. Bridges, CPA, PFS March 2011
For companies that operate in multiple states, the amount of state income tax paid to each state is typically determined by applying an “apportionment factor” to its total net income. Historically, Georgia, …
By Kenneth H. Bridges, CPA, PFS March 2011
Our business clients often conduct business in multiple states, and our individual clients often work in more than one state, own real estate in multiple states, or have ownership in flow-through entities …
By Kenneth H. Bridges, CPA, PFS March 2011
There has for many years been a requirement that any US person with a financial interest in or signature or other authority over a foreign financial account file with the Treasury Department …
By Kenneth H. Bridges, CPA, PFS March 2011
Early stage companies often incur tax losses in their first few years of existence. And even mature companies can have loss years; particularly companies in cyclical industries. Fortunately, the tax law generally …