Monthly Archives: August 2010

Built-in Gains Tax

The Tax and Accounting office of Certified Public Accountant can assist you in choosing the right legal form for your business. Choosing the proper business entity is a complex matter, which should be handled by an accountant professional. Many C corporations who are tired of the double taxing drawback - income is taxed to the [...]

Plan Ahead: New 1099 rules

The new health insurance legislation imposes significant new tax reporting requirements. In essence, you will have to report most annual payments for goods and services exceeding $600 -- including payments to corporations -- on Form 1099. Fortunately, the new 1099 rules will not be in effect until 2012. This gives you plenty of time to [...]

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