Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you’re self-employed, you’ll need to pay your own FICA taxes and take charge of your own retirement plan, among other things. Here are some planning tips. UNDERSTAND […]
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BWFA Focus: Tax Services
Art Buchwald, the famous American humorist and syndicated newspaper columnist, once said—“Tax reform is taking taxes off things that have been taxed in the past and putting taxes on things that haven’t been taxed before.” Since Benjamin Franklin long ago warned us of the “two inevitables”, BWFA continues to include tax services as one of […]
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Gift & Estate Taxes
If you give away money or property during your life, those transfers may be subject to federal gift and estate tax and perhaps state gift tax. The money and property you own when you die (i.e., your estate) may also be subject to federal gift and estate tax and some form of state death tax. These […]