My regular readers know that while I cover many different specifics of asset protection for physicians and business owners, I have several consistent core themes. One theme is that asset protection takes many forms, including using legal tax avoidance strategies to maximize what you can keep. A second recurring theme is avoiding activities that generate risk and […]
Small Business Tax Tips
Business Tax Planner and CPA Aarti Kapadia provides tax filing issues to consider for small business owners. This is not tax advice, always consult with an expert about your facts. 1. Defer income to next year. Push income to into next tax year and deductions into this year. In general, it tends to be advantageous to push income into […]
Protect Your Business or Medical Practice From Internal Fraud
Business and medical practice owners and managers must be aware of internal fraud and embezzlement that often capitalizes on recurring year-end cycles in revenue, spending and inventory and a lack of regular oversight. I covered some of the external fraud scheme you face at year-end in another discussion including a detailed look at invoice fraud. While I provided […]
Year-End Tax-Scams Targeting Doctors and Business Owners
The year-end planning rush so familiar to physicians has many pitfalls including a variety of serious tax scams. Some scams covertly target you externally, while others are actually brought to doctors and business owners by their own would-be advisors; today we provide some red flags to look out for on both fronts. This is part […]
Year-End Tax Plan Sales Targeting Doctors, Business Owners
The last quarter of the year is historically an active time for physicians and business owners and their tax, legal and financial advisors. Given increased regulatory issues, I.R.S. scrutiny and increased fraud, it’s vital that you do some basic due diligence before you pull out your checkbook. Doctors are heavily solicited for a variety of tax and […]
Income Tax Deductions Doctors and Business Owners Often Overlook
As tax day bears down on us with increasing momentum, I turned to a CPA for some tips on commonly overlooked deductions. As always, legal and tax advice given in this forum can only be general information and can never be considered individual tax advice, so discuss these issues with your own CPA now, while […]
Arizona is an Income Tax Haven for MLB Players – and makes MORE off them by being one
This interesting article caught my eye because I represent some professional athletes including MLB players and because I live in Arizona. It has a really interesting bit of info at the end. The conventional wisdom at play in the U.S. is that the best way to raise government revenues is to tax wealth creators at the very […]
LIfe Insurance for Doctors and Business Owners – Key Due Dilligence Questions for Buyers
The last two weeks of the year is high selling season for life insurance polices as doctors rush to fund various retirement plans and as advisers take advantage of year-end wealth-transfer opportunities and favorable deals sometimes available from insurance companies. Knowing the right questions to ask about an insurance policy is a key issue for […]
Asset Protection and Wealth Preservation Attorney and Author to Speak on in Maui, November 21st, 2013
FOR IMMEDIATE RELEASE: Maui, HI. November 17, 2013. Asset Protection Attorney Ike Devji will be the featured guest speaker at a November 21st, 2013 educational seminar for doctors, business owners and other high net worth individuals sponsored by Ronsman & Associates, a wealth advisory firm serving specially qualified clients in Hawaii, Arizona and Alaska. […]
HOW TO MINIMIZE OR ELIMINATE TAX LIABILITY REGARDING MORTGAGE DEBT FORGIVENESS
This week we take a look at the tax liability associated with mortgage debt forgiveness and how it can be reduced or eliminated. Given what’s happened in the real estate market over the last six years of the recession this is a vital issue for both casual investors and real estate professionals like developers and […]
