To prepare for Affordable Care Act’s Medicare Surtax implications, taxpayers who receive investment income might consider electing to be taxed as an S-Corporation
By Candace Blair, CPA – Tax Manager
This past December, with all of the talk of the Fiscal Cliff and tax rate increases, millions of Americans sighed with relief when Congress passed and the President signed into law legislation that prevented taxes from going up on most Americans. The magic number was $450,000, in that taxes won’t go up on couples with less than $450,000 in adjusted gross income (AGI).
Alas, we should not be so quick with those sighs, though, since the magic number is actually $250,000.
Let me explain.view full article
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SB&F Recent News
As we enter the Holiday season, SB&F is thrilled to allow our fabulous team members time to spend with their families and loved ones. Both the Downtown Fort Worth and North Dallas offices will be closed on the following days:
Thursday, November 28th – CLOSED
Friday, November 29th – CLOSED
Tuesday, December 24th – CLOSED
Wednesday, December 25th – CLOSED
Wednesday, January 1st – CLOSED
We hope this information assists you with your year-end planning. As always, we are available to assist you with your year-end financial and tax planning.
Just another way SB&F is ”Keeping you in the black, not in the dark”.
Lights up. Drum roll. The audience is gathered, and the ballots have been tallied. The envelope, please!
No, it’s not the Academy Awards. It’s the annual meeting at Fort Worth’s Ridglea Country Club, a time when board elections are tallied and new board members take their roles for a three-year term. This is an effort that is conducted and overseen by Sanford, Baumeister & Frazier, LLP, Certified Public Accountants. Compiling and tallying ballots for the board elections is an annual event that has become a tradition for SB&F as well as for Ridglea Country Club. It’s one of the many functions the accounting firm provides for the club. (read more)