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Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution is taxable to you as a shareholder but it’s not deductible by the corporation. But there are several alternatives that may allow you to withdraw cash from a corporation and avoid dividend treatment. For example, you might be able to receive capital repayments, or obtain reasonable compensation for you (or family members), as well as certain fringe benefits. If you’re interested in discussing these or other ideas, contact us. We can help you get the maximum out of your corporation at a minimum tax cost. bit.ly/2NkelbU ... See MoreSee Less

Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution is taxable to you as a shareholder but it’s not deductible by the corporation. But there are several alternatives that may allow you to withdraw cash from a corporation and avoid dividend treatment. For example, you might be able to receive capital repayments, or obtain reasonable compensation for you (or family members), as well as certain fringe benefits. If you’re interested in discussing these or other ideas, contact us. We can help you get the maximum out of your corporation at a minimum tax cost.  http://bit.ly/2NkelbU

1 week ago

Lenhart, Mason & Associates, LLC

We are proud to support St. Anthony Tri-Parish Catholic School and the Archangel Amble! Come join the fun next Saturday to support some great kids!The Archangel Amble is only a week away!!! THANK YOU TO OUR SPONSORS!!! ... See MoreSee Less

We are proud to support St. Anthony Tri-Parish Catholic School and the Archangel Amble!  Come join the fun next Saturday to support some great kids!

2,977 innocent souls lost. A country forever changed. Never forget. ... See MoreSee Less

2,977 innocent souls lost.  A country forever changed.  Never forget.

Here are a few key tax-related deadlines for businesses and other employers during Quarter 4 of 2019. OCT. 15: If a calendar-year C corp. that filed an extension, file a 2018 income tax return. OCT. 31: Report income tax withholding and FICA taxes for Q3 2019 (unless eligible for Nov. 12 deadline). DEC. 16: If a calendar-year C corp., pay the fourth installment of 2019 estimated income taxes. Contact us for more about the filing requirements and to ensure you’re meeting all applicable deadlines. bit.ly/2Q31U6h ... See MoreSee Less

Here are a few key tax-related deadlines for businesses and other employers during Quarter 4 of 2019. OCT. 15: If a calendar-year C corp. that filed an extension, file a 2018 income tax return. OCT. 31: Report income tax withholding and FICA taxes for Q3 2019 (unless eligible for Nov. 12 deadline). DEC. 16: If a calendar-year C corp., pay the fourth installment of 2019 estimated income taxes. Contact us for more about the filing requirements and to ensure you’re meeting all applicable deadlines.  http://bit.ly/2Q31U6h

If you’re a small business owner, you may want to set up a retirement plan for yourself and any employees. Several types of plans are eligible for tax advantages, including 401(k)s, Simplified Employee Pension (SEP) plans and SIMPLE IRAs. For 2019, the maximum amount you can contribute to a 401(k) and exclude from income is $19,000, plus a $6,000 “catch-up” amount for those age 50 or older. For a SEP plan, the 2019 maximum amount is 25% of compensation or $56,000. And for a SIMPLE IRA, the maximum 2019 amount is $13,000, plus $3,000 if you’re age 50 or older. These are only some of the options that may be available to your business. We can help find the best choice for your situation. bit.ly/2MZYXkP ... See MoreSee Less

If you’re a small business owner, you may want to set up a retirement plan for yourself and any employees. Several types of plans are eligible for tax advantages, including 401(k)s, Simplified Employee Pension (SEP) plans and SIMPLE IRAs. For 2019, the maximum amount you can contribute to a 401(k) and exclude from income is $19,000, plus a $6,000 “catch-up” amount for those age 50 or older. For a SEP plan, the 2019 maximum amount is 25% of compensation or $56,000. And for a SIMPLE IRA, the maximum 2019 amount is $13,000, plus $3,000 if you’re age 50 or older. These are only some of the options that may be available to your business. We can help find the best choice for your situation. http://bit.ly/2MZYXkP

Our office will be closed on Monday, September 2nd in observance of Labor Day. We hope you all have a safe and fun weekend! ... See MoreSee Less

Our office will be closed on Monday, September 2nd in observance of Labor Day.  We hope you all have a safe and fun weekend!

The use of a company car is a valuable fringe benefit for business owners and key employees. This perk results in tax deductions for the employer and tax breaks for the owners and employees using the cars. (And of course, they get the nontax benefits of driving the cars!) For tax deduction purposes, a business will treat the car much the same way it would any other business asset. Providing an auto for an owner or key employee comes with complications and paperwork. Personal use will have to be tracked and valued under the fringe benefit tax rules and treated as income. We can help you stay in compliance with the rules and explain more about this prized perk. bit.ly/2U7h6h9 ... See MoreSee Less

The use of a company car is a valuable fringe benefit for business owners and key employees. This perk results in tax deductions for the employer and tax breaks for the owners and employees using the cars. (And of course, they get the nontax benefits of driving the cars!) For tax deduction purposes, a business will treat the car much the same way it would any other business asset. Providing an auto for an owner or key employee comes with complications and paperwork. Personal use will have to be tracked and valued under the fringe benefit tax rules and treated as income. We can help you stay in compliance with the rules and explain more about this prized perk. http://bit.ly/2U7h6h9

Good food and great company at our end of summer party! ... See MoreSee Less

Good food and great company at our end of summer party!Image attachmentImage attachment

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Very fun! Thank you so much!

I am so grateful for the amazing people I work with!

Wait, why am I still working?!

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