Visit with a professional or attend some seminars on the subject. Learn more about how to run your family-owned business better. The IRS does not consider many sport utility vehicles as a passenger car. Roger is always seeking additional clients and professionals wishing to save money and better manage their own or a client's business. Professional or business questions can be addressed, e-mailed or Faxed to Roger A. Kahan, CPA at any the above addresses.
Prices are reasonable and competitive.
By hiring a family member who is in a lower tax bracket, you may be able to lower your family's total combined income tax bill by deducting their wages at your high tax rate and having them pay tax at their own lower tax rates. Salaries paid to children for tasks such as taking messages and performing cleanup or filing duties will be deductible to the business as long a the payments were reasonable in amount. That is why tax planning should be an all year-round effort. Effective planning today may not only reduce your 1995 tax liability, it can help you lessen the confusion at tax time next year. The sooner you get started, the more flexibility you will have.