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February 2010 |
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Welcome
to our
monthly Tax & Business Alert. It contains important issues that are
faced by many today. Our goal is to provide you with current articles
on various tax and business topics. The articles are intended to keep
you up to date on trends and issues that may impact your business and
personal financial affairs. |
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What’s
Inside this issue? Plan Ahead for Self-employment — If you are considering self-employment because of a pending layoff, job uncertainty, or just because it is the right time, you have a lot to plan for. So, please consider the following issues while making this important, life-changing decision. College Costs Keep Skyrocketing — The cost of attending college continues to climb at an accelerated rate. The College Board (www.collegeboard.com) reports that 2009–2010 tuition and fees have risen significantly. Bankruptcy—Advantages and Disadvantages — If bankruptcy is the only viable business solution, a business generally can use two types of bankruptcy proceedings. Save Taxes Using a Partial Annuity Exchange — Variable annuity contract distributions generally contain two components, taxable income and nontaxable return of basis (investment).
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We invite you to contact our office to review the above and how they may apply to your particular tax situation. | ||||||||||||||||||||||||
CONTACT US. . . |
Office Location |
38 Fraley Street Kane, PA 16735 Phone 814.837.9150 |
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Most people work in their business! The solution is to work on your business! |