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Search Results for: roth

A CPA Explains Moore v. United States

December 4, 2023 By Stephen Nelson CPA

The Moore v. United States tax law case impacts small businesses and entrepreneurs more than most people understand.

I want to talk about the Moore v. United States tax case. The U.S. Supreme Court hears oral arguments this week. And to date, the media coverage of … [Read more...] about A CPA Explains Moore v. United States

Filed Under: foreign tax issues, GILTI

If You Got Conned in ERC Scam

October 20, 2023 By Stephen Nelson CPA

If you got caught in an ERC scam, take these steps to reduce the damage

You wondered at the time whether it was a scam, right? And now you regularly see news reports about ERC scams. Employee retention credit scams, that … [Read more...] about If You Got Conned in ERC Scam

Filed Under: business taxes, employee retention credit, New business

Grouping Activities to Achieve Material Participation

August 7, 2023 By Stephen Nelson CPA

Grouping activities may lead to material participation

This week, a quick discussion of grouping activities as backdoor way to materially participate. But first a bit of background about what material … [Read more...] about Grouping Activities to Achieve Material Participation

Filed Under: business taxes, individual income taxes, real estate

The Qualified Family-Owned Small Business Deduction

July 13, 2023 By Stephen Nelson CPA

The qualified family-owned small business deduction can save Washington capital gains taxes. But rules area maze.

If you own or invested in a Washington state small business, you want to know about the qualified family-owned small business deduction. And here’s … [Read more...] about The Qualified Family-Owned Small Business Deduction

Filed Under: business taxes, entrepreneurship, individual income taxes, Washington state excise tax

Lottery Tax Planning for a Billion Dollar Drawing

January 11, 2023 By Stephen Nelson CPA

Lottery tax planning can save millions

Okay. This is silly. You’re probably not going to win. But just for fun, let’s talk about lottery tax planning for one of those giant Power Ball or … [Read more...] about Lottery Tax Planning for a Billion Dollar Drawing

Filed Under: individual income taxes, personal finance

Recovery Startup Business Employee Retention Credit: Nine Awkward Questions

September 1, 2021 By Stephen Nelson CPA

recovery startup business employee retention credit awkward questions

If you’re reading this, you know about the $100,000 recovery startup business employee retention credit. You know, for example, that if you start a … [Read more...] about Recovery Startup Business Employee Retention Credit: Nine Awkward Questions

Filed Under: employee retention credit

Owner Wages and Employee Retention Credit 

May 26, 2021 By Stephen Nelson CPA

The employee retention credit (ERC) provides big tax benefits to employers beat up by the pandemic.

Editor’s Note: The employee retention credit (ERC) potentially provides big tax benefits to employers beat up by the pandemic. But the credit is … [Read more...] about Owner Wages and Employee Retention Credit 

Filed Under: COVID-19, employee retention credit

Updating your Financial Game Plan for Low Interest Rates and Equity Returns

February 8, 2021 By Stephen Nelson CPA

A couple of times over the last few months, I've read good academic papers about the impact of historically low costs of capital. So, the impact of … [Read more...] about Updating your Financial Game Plan for Low Interest Rates and Equity Returns

Filed Under: investment, management, personal finance, real estate, retirement

Sole Proprietorship PPP Loan Applications

September 2, 2020 By Stephen Nelson CPA

I want to talk about sole proprietor PPP loan applications. More specifically, about PPP loans for sole proprietors who don’t employ other workers … [Read more...] about Sole Proprietorship PPP Loan Applications

Filed Under: PPP

How You Should Have Done Your PPP Loan

July 28, 2020 By Stephen Nelson CPA

Hindsight is 20/20, the saying goes. But in most cases, hindsight doesn’t matter much. Knowing now that I should not have sold those Microsoft … [Read more...] about How You Should Have Done Your PPP Loan

Filed Under: COVID-19, PPP

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Featured Posts

Grandparents watching their grandchildren play photo for tax-inclusive gifts tax strategy calculator.

The Tax-Inclusive Gift Strategy Calculator

If you’re a Washingtonian who worries about estate taxes? You should know paying gift tax can reduce estate tax. And maybe more than you might … [Read More...] about The Tax-Inclusive Gift Strategy Calculator

Washington state millionaires tax residency rules blog post

Washington State Millionaires Tax Residency Rules

The proposed Washington state millionaires’ 9.9% income tax comes with residency rules. And some taxpayers will really want to understand those … [Read More...] about Washington State Millionaires Tax Residency Rules

Exporting assets outside of Washington state may reduce estate taxes

Exporting Assets Avoids Washington State’s 35% Estate Tax

The clean, nuclear way to avoid Washington state's new 35% estate tax is change domicile. (Something we've discussed here: Changing Your Washington … [Read More...] about Exporting Assets Avoids Washington State’s 35% Estate Tax

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