Category Archives: Tax Planning

16 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 Health Insurance Credit – The tax credit to … Continue reading

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Tax 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: Educator’s expense … Continue reading

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Posted in Tax legislation, Tax Planning | 2 Comments

Tax 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 return, while others will provide planning opportunities for 2012. … Continue reading

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Business 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 itself to take advantage of … Continue reading

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2011 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. Print PDF

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It’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 tax savings can be realized by taking advantage of tax breaks that are on the books for 2011. Continue reading

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Tax 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 light of current laws to make sure … Continue reading

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Maximizing 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 medical costs that exceed 7.5% (10% if … Continue reading

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Hiring 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 job.  The family business may be the only place for … Continue reading

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2009 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 will be posting … Continue reading

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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 consider all specific tax circumstances. You may not have … Continue reading

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