Doug talks with Jim about Section 1031 of the IRS code, which allows for like-for-like exchanges of assets, like real estate or other buisness assets, without creating a taxable event. This section could be a great benefit for millions of small businesses. They go on to talk about how to incorporate HSAs, or health savings accounts, in your benefits package for employees, and why it might be a good step for small businesses to take.
Doug, our resident CPA, helps us do some last minute tax planning for last year and prepare for this years tax planning.
Jim and Doug cover many topics including different types of retirement plans, electronic tax filing, and the services available through a CPA.
Doug joins Jim to give us an idea of what to expect from either Bush's administration or a Kerry administration after elections.
Jim and Doug talk about tax audits and how to avoid them. They discuss what you can do with your returns, even if it is one day before the deadline.
Jim and Doug help organize your business tax planning for 2003 and 2004.
Jim and Doug talk about taking care of your business tax planning for 2004.
Doug and Jim talk about the important dates concerning taxes that are coming up in the beginning of the new year.
Jim and Doug talk about how the tax bill that was passed during the summer has helped the economy.
Jim and Doug talk about the President's tax package and what it means to the U.S. citizens with children. They also talk about the long-term affects the tax cut will have on the economy.