At David A. Flanders, CPA, LLC we strive to provide you with the necessary tools you need to make informed decisions.  We've gathered below a variety of relevant articles, decision making tools and frequently asked questions on various topics that may impact your specific situation.  Please take the opportunity to browse any topics that may be of interest to you.  If you would like additional information on any of the topics below please feel free to call us at (410) 569-4506.   © 2009 All Rights Reserved

Business Owner   Articles     Benefits and retirement plans       Benefit plans for small businesses       Group term life insurance       Health insurance for the self-employed       Life insurance for the self-employed       What employers need to know about workers' compensation insurance     Starting a business       Advantages and disadvantages of self-employment       Choosing an entity for your business       Funding a business       Hiring your first employee       Qualifying for the home office deduction       Record keeping for your own business       Starting or buying a business       Tax planning for the self-employed     Transferring or selling a business       Funding a buy-sell agreement with disability insurance       Funding a buy-sell agreement with life insurance       Transferring your family business   Decision Tools     Choosing an entity       Choosing a business entity       Comparison of LLCs, LLPs, and professional corporations       How C Corporations, Limited Liability Companies, and Limited Liability Partnerships Protect Personal Assets     Transferring or selling a business       Business succession planning alternatives       Business succession strategy analyzer       Buy-sell agreement analyzer       Buy-sell planning questionnaire       How cross purchase plans work       How entity purchase plans work       Planning for succession of a business interest   FAQs     Incorporating a business       Can I change my business from a C corporation to an S corporation?       Can I change my business from an S corporation to a C corporation?       Should I incorporate my business?     Starting a business       Don't most small businesses fail?       How do I find good advisors such as lawyers and accountants to help with my business?       Is buying a franchise a good way to get into business?       Should I buy an existing business or start from scratch?       Should I buy or lease assets for my business?       What are the stages of business development?       What should I look for in a business location?     Valuing a business       How can I determine what my business is worth for estate and gift tax purposes?   Education Planning   Articles     529 plans       529 plans and financial aid eligibility       529 plans vs. other college savings options       529 plans: The ins and outs of contributions and withdrawals       Choosing a state savings plan       Estate planning and 529 plans       Income tax planning and 529 plans       Making changes to your 529 account       Opening a 529 account       The ABCs of 529 plans     Education planning basics       ABCs of financial aid       Can I afford to send my child to college?       Education tax credits       Finding money to pay college bills out of pocket       Going back to school as an adult       Health insurance for college students       Helping your child make the transition from high school to college       How student loans impact your credit       Research tips when choosing a college       Saving for retirement and a child's education at the same time       Sticker shock--creative ways to lower the cost of college       Student loan basics       The best ways to save for college       The college application process   Special Situations   Articles     Caring for an aging parent       Caring for your aging parents       Do your parents need long-term care insurance?       Facing the possibility of incapacity       Housing options for older individuals       Medicaid and nursing home care       Medicaid and the principal residence       Medicaid planning basics       The sandwich generation: juggling family responsibilities.     Divorce       Dealing with divorce       Health insurance and divorce       Insurance concerns of divorcing couples     Loss of a spouse       Claiming life insurance benefits       Organizing your finances when your spouse has died       Social Security survivor's benefits   Tax Planning   Articles     General tax planning       Am I having enough withheld?       Choosing an income tax filing status       Help! I can't pay my tax bill       Income tax planning and 529 plans       Surviving an audit       Tax benefits of home ownership       Tax planning for income       Tax planning for the self-employed       Taxation of investments       Year-end tax planning     Tax credits and deductions       Qualifying for the home office deduction   Decision Tools     General tax planning       Accelerating deductions/postponing Income       Accelerating income/postponing deductions       Federal individual income tax fundamentals       Remarriage with children: income tax considerations   FAQs     Tax deductions       Can I deduct home office expenses?       Can I deduct premiums paid for long-term care (LTC) insurance?       Can I deduct the cost of improvements or repairs I've made to my home?       How do I deduct and substantiate my gambling losses?       I paid my mother's real estate taxes last year. Can I deduct this on my tax return?       I refinanced my principal home last year and paid points. What are points, and can I deduct them on my tax return?       If I prepay next year's taxes this year, can I deduct them this year?       If I work at home occasionally, am I entitled to a home office deduction?       Is student loan interest deductible?       My spouse and I are filing separate returns. Can we both itemize our deductions? If so, how do we split the deductions?       My town has assessed against me a real estate betterment for new sewer lines installed in my street. May I deduct this amount on my tax return?       We just bought our first home. What can we deduct from the settlement statement?     Taxes and child support/alimony       Are alimony payments considered taxable income?       What are the tax implications of child support payments?     Taxes and home ownership       Can I deduct the cost of improvements or repairs I've made to my home?       How do I figure the tax on the sale of my home?       I refinanced my principal home last year and paid points. What are points, and can I deduct them on my tax return?       I rent my home out for two weeks each year. Do I have to show this rental income on my federal income tax return?       If I prepay next year's taxes this year, can I deduct them this year?       My town has assessed against me a real estate betterment for new sewer lines installed in my street. May I deduct this amount on my tax return?       We just bought our first home. What can we deduct from the settlement statement?