All posts with tag tax
15 / 10 / 2019 by Greg Freyman, CPA in Personal Tax

Tangible Personal Property Tax

Some great lines from the 1980 movie Popeye with some of my favorite actors, Robin Williams and Shelley Duvall


The Tax Man:
You just docked?

Popeye:
I has.

The Tax Man:
Ah ha, let’s see here, that’ll be 25¢ docking tax.

Popeye:
What for?

The Tax Man:
Where’s your sea craft?

Popeye:
It ain’t no sea craft, it’s me dinghy and it’s under the wharf.

The Tax Man:
Ah ha. ahh-ha. This your goods?

Popeye:
They is.

The Tax Man:
Yeah. You’re new in town right?

Popeye:
If you call this a town, yes.

The Tax Man:
Well, first of all, there’s 17¢ new-in-town tax, and there’s 45¢ rowboat-under-the-wharf tax, and one dollar leaving-your-junk-lying-around-the-wharf tax, so all together, you owe the Commodore $1.87.

Popeye:
Uh, who’s this Commodore?

The Tax Man:
Is that the nature of question? There’s a nickel question tax.

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31 / 07 / 2018 by Angela Freyman in Business Tax

Tax Reform and S Corporation Reasonable Compensation

The 2018 tax reform known as the Tax Cuts and Jobs Act (TCJA) allows for a new 20 percent deduction on certain business income, known as the Section 199A deduction. One should have the right type of business and the right taxable income.

In our past blog article Christmas Came Early In 2018, we discussed different choices in conducting business when it came to taxation and the new tax legislation in great detail. We also explained the differences in taxation of each business entity structure, and if you have been paying attention, you will recall that the S corporation is a pass-through entity which is typically a great choice for most small business owners.

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10 / 06 / 2017 by Greg Freyman, CPA in General

What to Expect From Your Accountant in the Summer Months (Part 3 of 3)

Great works are performed not by strength but by perseverance.
~ Samuel Johnson

This week we complete our series on the value-added tax planning services which are perfectly suited to do during the off-season months.

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27 / 05 / 2017 by Greg Freyman, CPA in General

What to Expect From Your Accountant in the Summer Months (Part 2 of 3)

Fearlessness is the gateway to success. One should therefore shun all kinds of fear.
~ Rig Veda

Last time we covered a general list of activities your tax specialist does year round, and we promised you more detailed information on items that may be of interest to you. As always, please don’t hesitate to speak with us if you have any questions about your specific individual or business tax situation.

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08 / 05 / 2017 by Greg Freyman, CPA in General

What to Expect From Your Accountant in the Summer Months (Part 1 of 3)

Now that the dreaded tax season is behind us, and the tax returns have been filed, most of us will try to avoid a visit to the CPA’s office. And what does happen during the tax superman”off” months? Does your accountant put away the calculator and head to the beach? The summertime is almost here, and we are ready to help you with off-season work.

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