Insight Central

Insight Central: A weekly dose of perspective on industry news, technical information, trends and general knowledge to keep your head above the crowd.

Tax Law Enacted to Spur U.S. Economy

By now, you have probably heard about the recently-passed economic stimulus package (The Economic Stimulus Act of 2008), the centerpiece of which is the government’s issuance of rebate checks to most Americans. In brief, the measure will bring tax rebates of $600 for individuals and $1,200 for couples to most taxpayers and $300 checks to low-income people. Read the rest of this entry »

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Congratulating Seattle’s Best

Seattle Business Monthly recently recognized Seattle’s 87 Top Business Lawyers. Here at Clothier & Head, we would like to take the time to do the same. Read the rest of this entry »

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Let’s Celebrate

2008 brings us many things to celebrate - a new year, a successful prior year, health, happiness and the rest, but let us not forget promotions and our new staff.  Read the rest of this entry »

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Roth IRA’s - Now and Later

Roth IRA’s can be an important part of your retirement savings plan.  Though no tax deduction is available for contributions to a Roth IRA, the investment growth is tax free.  Unlike traditional IRA’s, qualified distributions made after age 59 are completely tax-free, including all investment earnings.  This could result in a significant tax savings in future years. Read the rest of this entry »

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So, Tell Me A Little About Yourself

As a Tax Manager at Clothier & Head, I’ve had the opportunity to interview several individuals for a number of positions.  In my experience, I’ve found one of the most dreaded job interview questions for inexperienced interviewees is, “So, tell me a little about yourself. . .” Read the rest of this entry »

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IRS Increases Audit Frequency

The Internal Revenue Service has significantly stepped up their audit frequency and has modified the manner in which they contact taxpayers to include cold calls. Read the rest of this entry »

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Wow! It’s Worth Every Penny.

Wow! That is the word I would use to describe the new FareStart Restaurant at Seventh Avenue and Virginia Street in Seattle, Washington. Not solely because of the amazing building renovation resulting from a three-year fundraising campaign, but because every penny spent prepares homeless and disadvantaged men and women for jobs in the foodservice industry. Read the rest of this entry »

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Cost Segregation - Take Another Look

If you’ve purchased, built or substantially remodeled your restaurant within the last few years, you’ve probably heard the term “Cost Segregation”.  If you haven’t, you may be paying your taxes earlier than necessary.  If you have heard of it, you most likely know that the reason to have a cost segregation study performed on your building is to increase cash flow by accelerating tax depreciation deductions into the earlier years of the life of the building, and thus reduce tax payments during those years.   Read the rest of this entry »

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Is Your Dealership at Risk?

Why do employees commit fraud?  Is it because they are greedy or con artists?  Do they possess some defect of character that separates them from normal, law-abiding citizens?  The truth is that even good people commit fraud.  Most fraudsters are not hardened criminals.   Read the rest of this entry »

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Managing Product Cost - It’s Easy, Right?

Managing product cost is easy. Isn’t it? No way. In my career, I have learned that many factors affect product cost. Today, I will discuss product utilization and the factors involved in optimizing it.

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