We have said throughout this website:
It’s not what you get it’s what you Keep!
This page is set aside for guest experts on taxation. Through the use of actual case studies we will explore various tax strategies for keeping more of what you get.
“ Janice has been a practicing Certified Public Accountant since 1980 when she graduated from Adelphi University and began her career working for Deloitte LLP. Her experience is extensive and varied, serving both the public and corporate sector for over 30 years. Janice established her practice in 1990. She has served privately owned businesses in many different industries; but a full 1/3rd of her practice includes independent funeral homes. She offers proactive strategic advice, in addition to assisting with acquisitions, sales, expansions, financing, and tax planning. Janice is a member of the AICPA and the New York State Society of CPAs.”
Jim Boom owns a small funeral home. The business is a “C” corporation. The corporation has a “triple net” lease on the real estate which is owned by a separate Limited Liability Corporation (LLC). Based on EBITDA the business AND real estate combined are worth about $550,000…