Two Retirement Plans for Veterinary Hospitals


According to Gary I. Glassman, partner, Burzenski & Company, PC, "The choice of your practice's retirement plan is a big deal not only for the staff, but for the employer as well."


Selling Your Practice: The Ins and Outs, Ups and Downs

Gary I.

Get the Most out of your College Tax Benefits



The tuition and fees deduction expired last year. Fortunately, you may still be able to benefit from other education tax benefits, including the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit.

Take a look at the highlights below to better understand these benefits:

*   The AOTC is per student, while the Lifetime Learning Credit is per tax return.

*   Either the parents or their dependent child can claim the credit each year, but not both.

Your Receipts are Important: Save Them

When it comes to taking qualified deductions on your federal tax return, three things must happen:

Is your HSA a Retirement Tool? The good, the bad, and the ugly


Health Savings Accounts (HSAs) are a great way to pay for medical expenses, and since unused funds roll over from year to year, the account can also provide a source of retirement funds in addition to other plans like 401(k)s or IRAs.


But be aware HSAs can also come with significant disadvantages and less flexibility when compared to other retirement investment tools.


The Good

5 business tax breaks for summer

Now that summer has arrived, you may find opportunities to combine business activities with pleasure, which could result in tax breaks. Here are five of those potential breaks.

1. Organize a company outing. Normally, deductions for business entertainment and meals are limited to 50 percent of the expenses. However, you can write off 100 percent of the cost of a company picnic or other get-together. Note that you can't restrict the outing to only a select few employees.

Midyear Tax Planning More Important Than Ever


Summertime usually makes us think of vacations, backyard barbecues, and general relaxation. Tax planning may not be on the top of your summertime to do list, but this year you may want to consider making time for it.

Tax time is scam time - IRS announces the Dirty Dozen


Each year the IRS produces its "Dirty Dozen" list of tax scams. As criminals become savvier at stealing personal information and scamming people out of their money, taxpayers must be more vigilant than ever. Here are some of the more common scams you may encounter.

Identity theft: The IRS continues to receive fraudulent returns filed with someone else's social security number each year. While the agency is making progress in finding and prosecuting these criminals, taxpayers must be extremely cautious with their personal information to avoid becoming a victim.