McClanathan Burg @mbacpallc

McClanathan Burg & Associates is a full svc acctg firm exp'd in providing financial guidance & consulting to high net-worth individuals & businesses for 30+ yrs mbacpallc.com St. Petersburg, Florida Joined September 2014

Tweets

695
Followers

76
Following

249
Likes

8

McClanathan Burg @mbacpallc

6 years ago

It’s critical to recognize the differences between marketing to the public (or certain segments thereof) and business-to-business (B2B) marketing. Whereas wide-scale marketing campaigns need to be simple, concise and catchy, effective B2B campaigns are typically more detailed ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

If you’re in the process of a merger or acquisition, it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you could increase your chances of being audited. If a sale involves business assets (as opposed to stock or ownership interests ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

The Section 179 deduction has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of depreciating them over time. For 2019, the maximum deduction is $1.02 million, subject to a phaseout rule if more than $2.55 ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper or other household employee (who isn’t an independent contractor) may make you liable for federal income tax, Social Security and Medicare (FICA) tax and fed ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

It’s a good time to review your portfolio for tax-saving strategies. The long-term capital gains tax rate is still historically low on appreciated securities that have been held for more than 12 months. The federal income tax rate on long-term capital gains recognized in 2019 ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

Are you a volunteer who works for charity? You may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth. Because donations to charity of cash or property generally are ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

You build it up - We break it down

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

How early 20th century technology helped boost employee productivity

0 0 0 0 0

McClanathan Burg @mbacpallc

6 years ago

When it comes to health care plan design, many employers are looking to “future-focused” features to encourage healthful behaviors rather than trying to slash costs. This was a finding of the 2018 National Survey of Employer-Sponsored Health Plans by Mercer. Among the hottest ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

Let’s say you’re buying a new car and want to get rid of your old one. You’ve heard ads claiming you can get a tax deduction for donating a car to charity. But this may not result in a big deduction — or any at all. It depends on whether you itemize and what the charity does ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

It may seem that the current, flat 21% corporate income tax rate makes C corporation status for your business the best choice. After all, 21% is much lower than the 37% top rate that applies to sole proprietors and pass-through entities (such as partnerships, S corps and LLCs ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

Can you spare $1,000?

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

SIMPLE, SEP or Safe Harbor?

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

Making the best of BAD DEBT

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

PAID PARENTAL LEAVE - Employers respond to increased worker demand

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

If you’re getting close to retirement age, you may be wondering if your Social Security benefits are going to be taxed. The answer depends on your other income. If you’re taxed, up to 85% of your payments will be hit with federal income tax. (There could also be state tax.) I ...

0 0 0 0 0

Download Image

McClanathan Burg @mbacpallc

6 years ago

If you’re thinking about relocating to another state in retirement, consider the impact of state and local taxes. It may seem like a state with no income tax is a smart choice, but you also have to factor in property and sales taxes, as well as any state estate tax. If you ma ...