My company has done very well over the past couple of years,
My company has done very well over the past couple of years, and I hold stock in it. My financial advisor has told me I need to sell some of that stock. These are restricted stock units (RSUs) which are part of my compensation. I'm afraid that selling the stock will trigger AMT. It will likely amount to approx. $500,000 capital gain. Will this be a problem?
JD, MBA, CFP, CRPS
Hi, I have set up a Mining Consultancy service in NZ but 90%
Hi,I have set up a Mining Consultancy service in NZ but 90% of my work is in South Africa and Australia with the rest being in NZ. I am paid in AU$ and I dont charge any gst (accountant said I am zero-rated). Is it correct that I dont need to register for gst in Australia as long as I dont exceed the $75k threshold? I will have in total about 4 mining clients in Australia and 1 in South Africa.Thank you in advance for your time.LM
Im on long term disability. I have two blocks of money. One
I'm on long term disability. I have two blocks of money. One is a retirement fund and the other is my 401k. These are currently being managed by my former employer. I've heard that I can withdraw my pension fund without penalty except for taxes. I'm 52 years old single but my home is shared with my ex partner. We both reside in the home with his mother.One option I was considering was to pay off my the home loan. Not having that monthly payment would be a great relief. But, it would also be a risk for my retirement fund. Currently, my 401k is invested in the stock market. That makes me very nervous. Its only now that my 401k has gotten close to what it was pre-stock drop. But, putting that money in an IRA making basically no interest doesn't seem wise at all.I definitely want the pension money away from my employer. The 401k I'm not sure about. Currently that money is in a age-driven fund. As I get older, the investment shifts to less risky options.Sorry, I know that's a lot of questions. Thanks for your help.
Lane, Hope you are having a wonderful holiday weekend and
Hi Lane,Hope you are having a wonderful holiday weekend and not working like me:I have a client that is just filing his 2016 taxes. He filed for Bankruptcy in 2016 but it was not approved until 2017. So my question is when does the Bankruptcy effect the tax return, in 2016 or 2017? I'm thinking 2017.Thanks,Kathleen
JD, MBA, CFP, CRPS
C, What is wrong with selling a duplex I own in my personal
CJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: What is wrong with selling a duplex I own in my personal name to my LLC but purposely at a loss to me in order to minimize capital gains taxes?JA: Is there anything else important you think the Accountant should know?Customer: Not really
Certified Financial Planner(R), Pro
I am using double entry accounting for my small business. We
I am using double entry accounting for my small business. We have a checking account and a credit card account that we use just for that business, but recently I had to pay for web service with my own credit card. I'm wondering how I would enter that in the books.
If a bought a truck my personal name, but have an employee
If a bought a truck my personal name, but have an employee used it 100% in my company which is an S-corp, can I make up a lease and lease it between the company and myself, and if so can I charge any extra other than what the financing is on it, monthly, and if I can , is that treated as income.