The straight line

If you haven’t seen it already, make sure to check out our new website at www.gardinercpa.com. We have our very own GT employees modeling on our homepage! You will notice that this website works on all devices (computer, mobile, tablet) and should be very easy for everyone to navigate! For our clients who use NetClient,...

The federal self-employment (SE) tax just keeps going higher and higher. If you’ve reached the breaking point, there may be a way to tame the SE tax beast by converting your existing unincorporated small business into an S corporation. How to Evaluate the Option If you’re a self-employed individual — meaning a sole proprietor, partner or...

When you own stock in what is now a bankrupt company, one thing is for sure: It was a lousy investment. Unfortunately, that doesn’t automatically mean you can write off the cost of your shares for tax purposes. Here are the basic rules: You can claim a capital loss deduction when you sell shares for less than you...

The traditional estate planning approach, aimed at reducing estate tax values, is less relevant for the vast majority of individuals today than it was in the past. The American Taxpayer Relief Act of 2012 (ATRA) provides relatively generous estate tax rates, limits and rules for estates. Specifically, the ATRA reduced the top marginal estate tax rate from 55...

Tax season is finally here. The deadline for calendar-year corporations to file a return (or an extension) is Monday, March 16. The deadline for individuals to file their income tax returns (or an extension) is Wednesday, April 15. As businesses and individuals start gathering financial records to give to their tax professionals, they should know how...

Disasters never happen at a good time. But the timing is irrelevant. What counts is that your business can recover quickly with minimal long-term effects. And that means having a disaster recovery program in place so that your company is well-positioned to respond to — and rebound from — a wide range of calamities. The issues your...