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News of the day

(CFO) - For executives who have been deferring parts of their compensation, 2010 may be the time to rake in their winnings. While it’s rarely advantageous to pay taxes sooner rather than later, the likely expiration of former President Bush’s tax cuts at the end of next year could make doing so a relative bargain.

So are YOU an executive?  Define executive: a person or group of persons having administrative or supervisory authority in an organization.  If you are the President of a closely held business this may be you.  2010 is a decisive year and you should take a look at your options and opportunities as 2011 is generally looked upon as a year of major tax change.

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