Oct 17

Effective January 1, 2009, the annual gift tax exclusion will increase from $12,000 to $13,000. That amount doubles to $26,000 if the spouse joins in the gift. To discuss gifting and gift tax contact Paul by clicking here.

Sep 6

Sales tax is one of the most confusing and frustrating taxes for business owners. For example, in Utah A person who sells items of tangible personal property to the final consumer must collect sales tax on the sale. The sale of property that has been converted to real property is not subject to sales tax. The person who converted the property to real property is required to pay tax on their purchase of the material. This is just one example of the confusing rules associated with sales tax. If you or your company needs advise related to your sales tax issues, feel free to contact me to talk more about it.

Next Entries »