Similar to individual taxpayers (see “Seven Year-end Tax Moves for Individuals”), a small business may take advantage of tax-saving opportunities at the end of the year, as well as avoiding potential pitfalls. Some of the tax breaks result from extensions authorized by the American Taxpayer Relief Act of 2012 (ATRA). Here are five year-end tax…
No one is sure what Congress will do before 2014, but major tax reform remains a possibility. Nevertheless, with some astute planning, you may be able to maximize existing tax benefits—including those available under the new American Taxpayer Relief Act of 2012 (ATRA)—while staying flexible. Here are seven year-end strategies to consider. Offset capital gains…
As the owner or manager of a business, one of your main responsibilities is to be a leader. But leading is about more than just taking charge and exerting authority. Giving valuable help to others is also an important leadership quality. Here are nine ways you may be able to lend a helping hand to…
Similar to individual taxpayers (see “Seven Year-end Tax Moves for Individuals”), a small business may take advantage of tax-saving opportunities at the end of the year, as well as avoiding potential pitfalls. Some of the tax breaks result from extensions authorized by the American Taxpayer Relief Act of 2012 (ATRA). Here are five year-end tax…
No one is sure what Congress will do before 2014, but major tax reform remains a possibility. Nevertheless, with some astute planning, you may be able to maximize existing tax benefits—including those available under the new American Taxpayer Relief Act of 2012 (ATRA)—while staying flexible. Here are seven year-end strategies to consider. Offset capital gains…
Generally, you can claim home office deductions if you use the place regularly and use the place exclusively as your principal place of business or to meet or deal with customers, clients or patients during the normal course of business. New case: An attorney used the first floor of his house for his law practice…
The IRS rewards the generosity of taxpayers who bestow charitable gifts on those who are less fortunate than they are. But there are plenty of “ins” and “outs” to the charitable deduction rules. To provide assistance to taxpayers, the IRS recently posted these nine tips to facilitate gift-giving. If you want a tax deduction, you…
People are living longer these days. That is good news, of course, but it also means that you may have to provide yourself with a bigger cushion in retirement than you had initially intended. What’s more, uncertainty over future Social Security benefits as Baby Boomers continue to swell the rolls adds to the concerns. As…
Generally, you can claim home office deductions if you use the place regularly and use the place exclusively as your principal place of business or to meet or deal with customers, clients or patients during the normal course of business. New case: An attorney used the first floor of his house for his law practice…
The IRS rewards the generosity of taxpayers who bestow charitable gifts on those who are less fortunate than they are. But there are plenty of “ins” and “outs” to the charitable deduction rules. To provide assistance to taxpayers, the IRS recently posted these nine tips to facilitate gift-giving. If you want a tax deduction, you…
