Month: December 2012

Avoiding Your Fiscal Cliff

We are all hearing much lately about the Fiscal Cliff.  According to Investopedia (, the Fiscal Cliff is “a combination of expiring tax cuts and across-the-board government spending cuts scheduled to become effective Dec. 31, 2012. The idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as… Read more »

The Value of Experience

I have been told that Oak trees have a long life span and only began producing acorns when they are much older.  In fact, according to one website, “oak trees can start producing acorns when they are 20 years old, but sometimes can go all the way to 50 years for the first production.  By… Read more »

The New "AMT"

With all of the uncertainty surrounding the “Fiscal Cliff”, there is one item that many business owners will certainly face with the new year–the Additional Medicare Tax. Implemented as part of the Patient Protection and Affordable Care Act, this new tax is effective January 1, 2013 and applies to wages, compensation and self-employment income above $200,000… Read more »