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
Say Your aging parents live in a home that has appreciated in value, but they’re no longer reaping any of the home ownership tax breaks during their retirement years. Sound familiar? Good news: With one stroke of the pen, both you and your parents can win: They’d gain instant access to their home equity (without… Read More
Taxpayers having a financial interest or signature authority over any foreign financial account such as a bank account, a securities account, or other types of financial accounts in a foreign country outside the U.S boarders must report these accounts to the Department of the Treasury if their aggregate balance exceeds $10,000 at any time during… Read More
We are proud and excited to announce the launch of our new website at: https://www.bourkeaccounting.com Our new website can help you in many ways and make your tax time so much easier. How? Subscribe to our quarterly newsletters: Our website hosts our current tax-related newsletter and also an archive of past newsletters so that you… Read More