At Brinker Simpson, we provide our clients and friends with the latest and most critical business information available. We strive to consistently share helpful guides and publications that address timely financial, tax, and general business needs.
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Why Can’t My Profitable Business Pay Its Bills?
Bills, bills, bills! From utilities and payroll to taxes and supplies, there’s always a bill that needs to be paid when you own a small business. When cash is short, it pays to understand the differences between profits and cash flow.
Brinker Simpson & Company is pleased to welcome Gedwan Blanc, CPA, to our team of professionals. Gedwan joins the Firm as a senior tax accountant, supporting the team with tax planning and tax preparation for our business and individual clients.
Financial Statement Fraud: Don’t Believe Everything You Read
Would you know a fraudulent financial statement if you saw it? Learn the warning signs and adopt policies that prevent this destructive scheme at your business.
Four Tax Challenges You May Encounter When Retiring
If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may face when you retire.
The Trust Fund Recovery Penalty: Who Can It Be Personally Assessed Against?
The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes aren’t paid to the government. Here are the rules and two cases where individuals were held liable for the harsh penalty.
Strategies to Reduce the Impact of the Net Investment Income Tax
High-income taxpayers often face the burden of paying the Net Investment Income Tax (NIIT) in addition to their regular income tax. The NIIT is a 3.8% tax imposed on net investment income, but strategies are available to help minimize its impact. Here are some effective ways to reduce the NIIT and potentially save on taxes.
Our firm provides the information in this e-newsletter for general guidance only and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
