Tax debate touches every individual, business
Small business taxation, corporate tax rates, and changes to
popular deductions are just some of the many complex changes to the
Tax Code being debated in Congress. At the time this article was
Year-end planning for capital gains and losses
As an economic incentive for individuals to save and invest, gains
from the sale of capital assets held for at least one year unless
offset by losses, as well qualified dividends received during the
Information reporting deadlines coming up fast
Information reporting has become a growing part of IRS’s
enforcement and compliance strategy. Data matching, or even the
inference that the IRS has the data to do so, statistically has
How Do I? Compute taxable life insurance benefits
Life insurance proceeds are received tax-free. However, any
interest earned on life insurance proceeds, usually referred to as
its cash value, is subject to tax. Special rules apply to transfers
December 2017 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important federal tax reporting and filing data for
How do I?… Claim the adoption tax credit
Adoptive parents may be eligible for federal tax incentives. The
Tax Code includes an adoption tax credit to help defray the costs
of an adoption. Recent changes to the adoption tax credit
Back-to-school look at education tax benefits
The start of the school year is a good time to consider the variety
of tax benefits available for education. Congress has been generous
in providing education benefits in the form of credits, deductio...
Practicing Service Excellence for Twenty Five Years
Empowering businesses with innovative accounting and strategic solutions.
Bristol Financial Management Group is a certified public accounting and consulting firm that strives to empower and grow entrepreneurial businesses throughout Western Washington. Serving the construction and real estate industries, start up enterprises, medical practices, and high net worth individuals. Our clients benefit by partnering with a small firm with sophisticated experience.
“Bristol Financial Management Group provides a solid foundation of tax services and has been instrumental in providing key tax planning and preparation as well as general ledger work and accounting system support to meet our rapidly changing business requirements. The Bristol Financial Management Group takes time to answer questions and is very good at explaining complex tax issues that allow a business owner to develop sound strategic financial decisions.” ~ Mark Madson, MetroFax
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