Every year, The IRS gets together and starts looking at economic news and forecasts and works with several departments of the government to tweak our tax code. They look at the leading economic indicators, they decide what they need to change, and the collection of tax revenue often changes by year end. In 2015 there was a lot of activity in making temporary tax rules that had been put in place and carried forward numerous years into permanent tax rules.
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As I read today’s headline about another scandal at the IRS, I ponder why more business owners don’t do proactive tax planning with equal enthusiasm as the IRS seems to have for squeezing every last nickel that they can from them. Never mind the ACA putting huge financial requirements for employers of a larger size in place, the small business owner of America, the backbone of America, has once again, it turns out, been targeted by people in the IRS. ALI MEYER of the AP wire
People love to vacation. Some do it often while others hold on all year for that one great week and live day by day until that magical start date on the calendar! A new wave in our digital age is to only take three or four day weekends, but do it more often. However you “vacation”, they do have one common thread, and that is that they are not free. Furthermore, when you are officially vacationing (which becomes a mindset as well….I am officially on vacation as of right now