Rob’s Blog

Preparing a Final Return for a Deceased Taxpayer

Each year someone notifies us that their parent has passed away and want to know what they need to do about filing the final tax return. When someone that has been filing as a single taxpayer dies, there are several things that need to be done.  (The focus is on a single tax filer, not […]

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Should I Have an Asset Sale or Stock Sale?

Just about every time a client buys or sells a business, I am asked: “Should I structure this as an asset sale or a stock sale?” From the seller’s perspective, it is simple. Your best results are to go with a stock sale.  With a stock sale, all gain is classified as long-term capital gains, […]

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The Unknown Product

Most every business that I have worked with over the last 25 years has what I like to call “The Unknown Product.”   Every business has this product. But, most business owners don’t even realize they have it, how to maximize it, or how to take advantage of it. That product is the business itself. Yes, […]

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Planning By the Numbers: Updates for 2017

Are you ready to get started on your 2017 tax planning? Here are the numbers to use to take full advantage of retirement and other tax-advantaged savings. ●If you’re under full retirement age, the social security earnings limit is $16,920. That means if you collect benefits before your full retirement age and earn more than […]

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Have You Created an Emergency Records Binder?

With weather-related disasters making the news these days, emergency preparedness may be front of mind. You probably have tools to cope with a flat tire or a hurricane lantern or candles for times when the electricity to your home is interrupted. But have you considered what records you might need if your wallet was stolen? […]

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Will You Have to File a 2016 Tax Return?

The filing requirement rules for individual federal income tax returns are fairly straightforward. In general, you’re required to file a return based on your filing status, your gross income, and your age. Here’s an overview of the rules for 2016 tax returns. Single taxpayers (including those who are divorced or legally separated). If you’re under […]

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Year-End Tax Planning 2016

As we enter the year’s end, as well as one of the craziest elections we’ve witnessed, we are all left wondering how to tax plan with so many pending changes out there. The President-Elect is saying that drastic changes will be made in the first 100-200 days of 2017. For those that aren’t following all […]

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Opening New Doors & Moving Forward . . . in Lincoln!

Opening New Doors & Moving Forward … in Lincoln! First, I would like to welcome all the clients from John P Carmichael, PC (JPC) to the Cruise & Associates (C&A) family. As you may or may not know, we completed the merger of JPC into C&A on August 1st.   We are excited to have both […]

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Your 2017 Marketing Plan

Wow! September is over and I just realized it’s time to start making plans for 2017. One of the first things we do, at Cruise & Associates, is create our 2017 marketing plan. For the last 20 or so years, I’ve set aside time in October to review the marketing projects that we’ve completed during […]

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Cash Is King

Cash is King. We have all heard this statement before but nowhere does it apply more than in a small business. You can have the most profitable business in the world and if you don’t have enough cash flow to pay your bills you are very quickly out of business. The big question business owners […]

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