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There’s no question that today’s technology can make it harder to be disciplined about saving for the future. If you have a smartphone and use it, you’re bombarded with ads day and night; you know the temptation to make a purchase today is greater than ever. At the same time, if you use social media, you’ll see all your friends bragging about the stuff they’ve bought or the places they’ve gone, which just increases the pressure to spend rather than save.

It doesn’t have to be one or the other.

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The phrase "border adjustment tax" has been in the news recently, with it being a part of the GOP’s “A Better Way” Blueprint. What exactly, though, is a border adjustment tax? While there are several tax aspects to the GOP Blueprint, for brevity this posts regards only border adjustments.

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The new year is here, and 2017 has the potential to dramatically alter the tax policy climate in both the United States and Europe.  Most obviously, the incoming Trump administration and its Republican allies in Congress would love to remake the U.S. tax code by repealing Obamacare (which has many important tax components) and passing a tax reform package that lowers rates and alters how business income is treated.  In Europe, the populist wave personified by Brexit and Donald Trump could sweep away governments in France (most likely), Italy, and Germany (least likely).

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The most frequent question tax advisors hear from taxpayers is ‘What’s my tax bracket?’  The truth is, for most of my clients I am not able to answer that question unless I respond, ‘It depends.’

For most of my career in tax preparation, we were able to rely on the annual Tax Rate Schedule found in IRS forms and publications. We would refer to page two of 1040, find the person’s taxable income (line 43 on this year’s form; it’s the amount after the personal exemption and allowable itemized deductions) and then find where that number fits within the income brackets on the Rate Schedule. It was simple, straightforward, and even understandable.

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A Small-Business Owner Pays Factory Workers Up To $50,000 A Year -- And Still Makes A Profit

While many manufacturers have shuttered or moved to China or Mexico, Craig Zoberis says his company is staying put in Illinois. New hires at his Fusion OEM plant are paid $14-an-hour with the opportunity to reach up to $20-an-hour within a few years. Learn how he stays competitive while paying workers above market wages.

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The year of 2016 brought monumental change to the fantasy sports industry.  The year began with daily fantasy sports companies facing substantial legal challenges in New York and a barrage of negative attorneys general opinions.  It ended with eight states, including New York, passing new bills to legalize and regulate fantasy sports, as well as the proposed massive merger of DraftKings and FanDuel.

As 2017 approaches, the fantasy sports industry prepares for sustained growth.  However, the industry also faces a new series of legal challenges.

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Corporate taxes are back in the news again, this time with Apple appealing the E.U. tax demand for $14 billion (see report from Reuters.) At issue is the rate of corporate income tax Apple AAPL +0.65% pays in Ireland. "Apple's Irish tax bill implied a tax rate of 0.005 percent in 2014," according to European Competition Commissioner Margrethe Vestager, the Reuters report states.

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The United States District Court for the Northern District of California has approved a summons by the IRS to Coinbase Inc "seeking the records of Americans who in engaged in business with or through Coinbase, a virtual currency exchanger".  There has been enough coverage of this matter starting with the Justice Department press release and including posts by Kelly Erb and Bob Wood on this platform that I was inclined to let it pass, but I keep being nagged by the question of what I would do if I got a call from somebody who had been fooling with virtual currency.  That sent me down the virtual currency rabbit hole, a topic that traces back to my earliest blogging days.

  

  

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The last thing people want to think about amid the bustle of November and December is taxes. But Elizabeth A. Vuozzo, a director with the Fuoco Group in Hauppauge, N.Y., a partner of Hewins Financial Advisors, spells out smart things you can do now to make your load lighter come next April:  

The holidays and a presidential transition — needless to say, there are a lot of big events hanging in the balance this time of year. But one thing you can actually prepare for (and feel good about) is your year-end tax planning to-do list.

While most people associate the “t” word with April 15, it’s important to recognize that good planning is ongoing and evolving. Plus, getting a leg up on your tax strategy means more savings and

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The stakes are high. Violators of anticorruption laws — companies and officers — face not just the possibility of significant financial sanctions, but also the potential for crippling reputational damage. And when a company is caught, it doesn’t enjoy anonymity; in fact, its story becomes a cautionary tale for all to hear, often on the front page.

In a recent case, officials found an investment company guilty of “providing valuable student internships to family members of foreign government officials.” The penalty for providing these internships? A whopping $14.8 million. To make matters worse, the U.S. Securities and Exchange Commission published a press release  detailing its investigation.

Put bluntly, the guidelines and sanctions of the Foreign Corrupt Practices Act (FCPA) are tough, and the SEC is serious about enforcing them. They

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As an entrepreneur, you have to do more, faster, in order to succeed.  Entrepreneurs are at a significant output disadvantage. For every task that you have to complete, your larger competitor has three or four full-time employees working on the same thing.

Fortunately, with hard work, leverage, and the understanding that larger teams move slower and stupider, you can do more than all of them.

  

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Last year, the Protecting Americans from Tax Hikes (PATH  ) Act made permanent a number of expiring tax extenders. Although that legislation thankfully made planning for 2016 a little more certain, there are still a handful of tax provisions that are due to expire at the end of this year.

PATH addressed many critical extenders, such as Section 179 expensing and the research tax credit. With those necessary provisions handled, the stakes this year are much lower. It’s unlikely that the House and Senate will take any action before they adjourn for several weeks leading up to the November elections.

The Joint Committee on Taxation published a comprehensive list  of expiring tax provisions for 2016 and coming years. Here are a few that are commonly taken by individual

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