Contact Us
Gray Hunter Stenn
Gray Hunter Stenn

October 17, 2017

Two ACA Taxes That May Apply To Your Exec Comp

If you’re an executive or other key employee, you might be rewarded for your contributions to your company’s success with compensation such as restricted stock, stock options or nonqualified deferred compensation (NQDC). Tax planning for these forms of “exec comp,” however, is generally more complicated than for salaries, bonuses and traditional employee benefits. And planning…More

October 16, 2017

Which Tax-Advantaged Health Account Should Be Part Of Your Benefits Package?

On October 12, an executive order was signed that, among other things, seeks to expand Health Reimbursement Arrangements (HRAs). HRAs are just one type of tax-advantaged account you can provide your employees to help fund their health care expenses. Also available are Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Which one should you…More

October 10, 2017

Don’t Ignore The Oct. 16 Extended Filing Deadline Just Because You Can’t Pay Your Tax Bill

The extended deadline for filing 2016 individual federal income tax returns is October 16. If you extended your return and know you owe tax but can’t pay the bill, you may be wondering what to do next. File by October 16 First and foremost, file your return by October 16. Filing by the extended deadline…More

October 9, 2017

Accelerate Your Retirement Savings With A Cash Balance Plan

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be a cash balance plan. Defined benefit plan with a twist…More

October 4, 2017

“Bunching” Medical Expenses Will Be A Tax-Smart Strategy For Many In 2017

Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed that floor (typically a specific percentage of your income). One example is the medical expense deduction. Because it can be difficult to exceed the floor, a common strategy is to “bunch”…More

October 3, 2017

Timing Strategies Could Become More Powerful In 2017, Depending On What Happens With Tax Reform

Projecting your business income and expenses for this year and next can allow you to time when you recognize income and incur deductible expenses to your tax advantage. Typically, it’s better to defer tax. This might end up being especially true this year if tax reform legislation is signed into law. Timing strategies for businesses…More

1 2 3 8

request information

GHS is a sophisticated partner that can elevate your tax and accounting performance while offering insight to enhance your business performance. Contact us to discuss your needs.