Will the “Making Work Pay” tax credit hurt you next April?
The new “Making Work Pay” tax credit is being paid to taxpayers in advance through reduced payroll withholding. The reduction was accomplished by tweaking the payroll withholding tables, which does not...
View Article2009 Year-end Tax Planning Guide Available
The 2009 edition of the tax planning guide is now available on our website. Click here for a pdf version. Just be sure to stay tuned to our blog, emails and Twitter feed. As legislation changes we...
View ArticleHiring Family Members in a Family Business
In today’s tough job market, students seeking summer employment, young adults looking for full-time employment, and college graduates looking to begin their careers are finding it difficult to land a...
View ArticleMaximizing Medical Deductions Before 2013
Medical expenses are deductible if you itemize your deductions. However, there is a limit on how much of those medical expenses can be deducted based upon your income for the year. Currently, only...
View ArticleTax Planning Can Help You Save Money
Every taxpayer has the right AND the responsibility to lower his/her tax bill using a number of different legal methods. Tax planning is the tool that helps you evaluate your financial situation in...
View ArticleIt’s Time for Year-End Tax Planning
We have compiled a checklist of actions based on current tax rules that may help you save tax dollars if you act before year-end. Regardless of what Congress does late this year or early next, solid...
View Article2011 Business Tax Planning
In an earlier post, we focused on tax planning moves for individuals. We want to focus now on business tax planning for 2011. For businesses, tax breaks available through the end of this year that may...
View ArticleBusiness Benefits Abound This Year
There are an abundant number of provisions that provide tax relief to small businesses this year. Just so that you don’t overlook any of these benefits, or in case your business would like to position...
View ArticleTax Breaks for the Self-Employed and Small Business Owners
The following is a compilation of a number of tax breaks available to self-employed individuals and/or small business owners. Some can be implemented before year’s end, providing benefits for your 2011...
View ArticleTax Deductions Set to Expire in 2013
Even though many tax breaks were extended or made permanent in 2012, there are a number of tax deductions set to expire 12/31/2013. Here is a list of many of provisions that expire at the end of 2013:...
View Article16 Tax Issues Facing Small Business Owners in 2014
2014 will be a challenging tax year for businesses and higher-income taxpayers. The following issues are concerns that may impact you and your company’s tax liability in the new year. Small Business...
View Article