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From the Headlines to your Bottom Line

6 Cool Ways to Save Taxes during the Hot Summer Months

Before you settle into the lazy days of summer, it may be a good idea to meet with your tax advisor to brainstorm ways to cut your taxes. The tax rules underwent a major overhaul last winter. Here are some ideas for individuals and small business owners to consider in the coming months.
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Supreme Court Spotlights Employee Status: Exempt or Not?

Knowing whether to classify employees as exempt or nonexempt is crucial to running a business. It's a problem that has long plagued employers. A recent U.S. Supreme Court ruling may have made it easier for employers to have confidence that they're properly classifying workers as exempt or nonexempt but as always, the devil is in the details.
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New Tax Law Boosts Appeal of Qualified Small Business Corporations

Normally, shareholders owe tax on gains they earn from selling corporate stock. But that may not be true if you can operate your venture as a qualified small business corporation (QSBC). Here are three major tax benefits this type of business offers, along with some rules and restrictions that may limit your venture's eligibility for QSBC status.
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How We Add Up

"Our clients rely on Fust Charles Chambers to provide innovative thinking by anticipating changes in tax laws, accounting methods and industry and economic trends. At other times, our clients depend on us to act as a sounding board for their ideas and concerns. We’re proud to be part of our clients’ team with the purpose of assisting them in attaining their goals and objectives."

- Joseph L. Charles, Partner