By Kenneth H. Bridges, CPA, PFS August 2011
One of our clients recently forwarded us an e-mail (apparently originated by an attorney) warning that under new tax rules you will incur a tax of 3.8% on the sales price of …
By Kenneth H. Bridges, CPA, PFS March 2011
Unfortunately, many of our clients have residences which are worth less than what they paid for them, and in some cases worth less than the mortgage on them. This is especially true …
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
Let’s assume you have a tract of land which could potentially be developed into a residential subdivision, but you don’t want to ever see the land developed, desiring for it to forever …
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
As mentioned earlier in this newsletter, one of the hot-button issues today is the alternative minimum tax (“AMT”). The alternative minimum tax is a separate but parallel system to the regular income …
By Kenneth H. Bridges, CPA, PFS March 2011
With the corporate accounting scandals of the past few years and the bursting of the stock market bubble in 2000, stock options have lost some of the luster they held in the …
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 …