Tag: Norm Grill
If you receive an IRS letter or notice
The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these can be managed without calling or...
Norman G. Grill: Changing jobs? Don’t forget your 401(k)
One of the most important questions when changing jobs is what to do with the money in your 401(k). Making the wrong move could...
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.