by mariettacp | Mar 3, 2014 | Money Tips
Small businesses may be missing out on an important new tax perk related to health insurance. And the stakes are even higher in 2014. The Affordable Care Act provides a tax incentive for small business owners who pay at least a portion of their employees’ health...
by mariettacp | Feb 26, 2014 | Money Tips
If you do any of the following, you will need an Employer Identification Number (EIN) from the IRS: If you operate your business as a corporation or partnership. If you file reports for employment taxes, excise tax, or alcohol, tobacco and firearms. If you have even...
by mariettacp | Feb 6, 2014 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Are you a parent? Give yourself some credit – a child-related tax credit, that is. Here are two that can reduce your 2013 federal income tax liability. Child tax credit. The child tax credit applies if your dependent children were age 16 or younger at the end of 2013....
by mariettacp | Feb 5, 2014 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
What’s your alternative minimum tax (AMT) preference? Though you might prefer to not think about the AMT, certain income and deductions, known as preference items, affect the way the tax will apply to you. Those amounts, along with others called...
by mariettacp | Feb 4, 2014 | Accounting News, Money Tips, Tax Planning, Tax Tips
Fire, flood, tornado. Violent weather can wreak emotional and financial havoc. If your home, vehicle, or other personal property is damaged or destroyed by a sudden, unexpected casualty, an itemized tax deduction may help ease the financial burden. In most cases, you...
