If you sell your business you might owe a hefty income tax on the appreciated interest. Saving grace: At least you may be able to avoid the 3.8% Medicare surtax on net investment income (NII), depending on the exact circumstances. But what about your kids and other family members who are shareholders? They could get… Read More
Does your business need trustworthy and reliable employees? You may not have to look any farther than across the dinner table. Strategy: Hire your spouse to work as an official employee. Why put your spouse on the payroll? Because you can gain five tax benefits: Build up tax-favored funds for retirement If you meet the… Read More