Fair, Anderson and Langerman Accounting Firm

TaxTips

Lower your own taxable income by shifting income to other family members.

Determine which type of IRA is best for you, establish an account before the end of the year, and make your contribution before the due date of your tax return to obtain a current year deduction.

Plan around changes in the "kiddie tax." Due to recent reform, children's unearned income over $1,700 will be taxed at the parents' generally higher marginal rate until the children reach 18. Under the prior law, the kiddie tax only applied to children under age 14.

To the extent possible, shift income into next year.

Set up a nonqualified deferred compensation plan for your highest paid employees.

Consider a compensation and fringe benefit study to see what makes sense for your company from a tax perspective.

Set up a trust to own life insurance so that the value of the policy(ies) can be excluded from your taxable estate.

Welcome

As CPAs we know a little bit about keeping things balanced. At FAL we balance the resources and thinking of a large national accounting firm with the cost-efficiency and personality of a smaller one. We balance our experience working with large corporations across a diverse range of industries with our passion for helping entrepreneurs and small businesses reach their full potential. And we balance our ability to see the big picture of your business with a sharp eye for the smallest details.

It's this balance between big and small, passion and experience, creative thinking and attention to detail that makes FAL different from all the rest.


NewsLetter Newsletter According to a lot of pundits, the U.S. economy looks to be slipping into a recession. The leading economic indicators seem to be heading south; housing sales are down and foreclosures are up. [More Info]	ClientTestimonial "FAL and their qualified staff helped us greatly with our tax and financial reporting issues. I appreciate their diligence in asking great questions and catching the errors that I did not see." Robin Nedza Olympia Companies [More Info]	What'sNew They say two heads are better than one. [More Info]

TheMossAdams
Connection

Fair, Anderson and Langerman is constantly expanding its areas of expertise in order to provide its clients with a broad scope of business services from a trusted advisor.

One of the ways in which we have enhanced our service offerings is through our membership in The Moss Adams Connection.

Our membership in The Connection offers our clients access to not only the 30 accountants FAL employs but also 45 other certified public accounting firms and 480 CPAs across the nation. Moss Adams LLP is ranked among the top 11 accounting firms in the United States.

Our membership in The Connection offers our clients a broader range of specialized services while retaining the small firm attention they have grown to expect. Whether you may be considering an initial public offering (IPO) or need an expert to work with Security and Exchange Commission (SEC) filings, FAL has the resources necessary to handle all of your business needs. Combining the skills of FAL with the unlimited expertise of The Connection provides an additional competitive edge to our clients. The Connection is just another way FAL continues to prove that it is Big enough to handle your needs and Small enough to know them.