Author: Tony Novak
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6. Why form an LLC? Nesting
This is part of a series of short videos on Limited Liability Companies.
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Why form an LLC? Protection
This is part of a series of short videos on Limited Liability Companies.
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Tax changes are not real
I find myself in the unfamiliar position of saying “It’s not real!” to the wide range of voices talking about the ‘Biden tax changes’. We (that is, the large majority of experienced tax professionals who earn their living talking about the future of taxes) have been saying that there are no significant change in the…
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Review of Biden administration tax policy progress after one year in office
The Biden administration proposed two major themes in its tax reform agenda. These were widely promoted during the campaign and then heavily promoted by the White House and the U.S. Department of the Treasury over the past year. Now, one year after the administration began work, this blog post reviews the progress made and the…
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CPAs have a public image problem
CPAs have a brand image problem. The three words that the public most often associates with “CPA” are “accounting”, “audit”, and “tax”. Yet those words do not match the self-identity of any of the CPA firms I’ve known. We know our role as the most trusted strategic adviser for our clients. But we do a…
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Reflecting on the 1099 filing season
IRS Form 1099 procedures are not overly complicated either in theory or in practice but are perhaps the most widely misunderstood topic in US taxation today. Reading online comments and suggestions and many stories of misapplication, it is clear that the government has much work ahead before it can effectively utilize business reporters’ information returns…