Tag: Norm Grill
Norman Grill: End-of-year businesses tax planning strategies, part II
A number of year-end tax planning strategies are available to business owners that can be used to reduce tax liability. Let’s take a look ....
Norman G. Grill: Preparing for a comfortable retirement
As you approach retirement, you need to focus on key financial issues to ensure a smooth transition. Here are five of them:
1. Health insurance
Are...
Norman G. Grill: Just the facts on home sale tax
There may be tax consequences when selling your home. Here are 10 things to be aware of:
1. Exclusion of gain. You may be able...
Norman Grill: The Employee Retention Credit could help your business
If your business has been impacted financially by COVID-19, you may qualify for a new, refundable tax credit called the Employee Retention Credit. It...
Norman Grill: The CARES Act benefits explained
These measures include economic recovery checks for taxpayers, as well as several other tax provisions affecting individuals.
Norman G. Grill: Year-end business tax planning strategies, Part 1
There are a number of end-of-year tax planning strategies that might reduce your business tax liability. Here are a few of them:
Deferring income
Businesses using...
Norman Grill: Following tax reform, does it pay to itemize?
You have a choice each year when you file your income tax return: take the standard deduction or itemize your deductions. That choice, however, is more complicated under the Tax Cuts and Jobs Act.
Norman G. Grill: Will your company owe out-of-state sales taxes?
If you do business in other states, you may have to begin collecting and remitting sales taxes to those states.
Tax-free exchanges to pay for long-term care insurance
At least 70 percent of people over the age of 65 will require some level of long-term care, according to insurance company Genworth Financial’s 2016 Cost of Care Survey.
Column: Factor financial aid into college planning
Even if you have an above-average family income, don't ignore financial aid in your college planning process.
Column: The business of business transformation
Before you decide to undertake a business transformation, you need to be sure you truly want to transform your company rather than simply change it.
Column: Remaining operational in a crisis
A truly contemporary business continuity plan must take a 360-degree approach to staying operational.
Column: How an IRA can benefit you and your heirs
To ensure your IRA serves your purposes, you need to stay up to speed on the distribution rules.
Column: Why business owners should value valuations
There are good reasons to do an appraisal of your business regularly or, at least, to familiarize yourself with the process.
Column: Four retirement saving myths debunked
You may be on the wrong path to retirement.