by mariettacp | Nov 24, 2010 | Money Tips, Tax Planning, Tax Preparation
As the year is winding down, it is time to start doing a bit of tax planning . Small business owners who spend a little time on tax planning now, may see significant savings when tax preparation time rolls around in January. In this podcast interview with Roundpeg...
by mariettacp | Nov 22, 2010 | Money Tips, Tax Planning, Tax Preparation
When starting a business or changing your business structure, a key aspect to consider is the Small Business Job Act and how it shortens the holding period of assets. S corporation holding period for appreciated assets shortened to five years. Generally, a C...
by mariettacp | Nov 17, 2010 | Money Tips, Tax Planning, Tax Preparation
The Small Business Jobs Act of 2010 has created new tax breaks, but at a cost. New tax break for long-term contract accounting. The Small Business Jobs Act provides that in determining the percentage of completion under the percentage of completion method of...
by mariettacp | Nov 15, 2010 | Money Tips, Tax Planning, Tax Preparation
Business owners can now deduct the cost of health insurance for yourself and your family. Deductibility of health insurance for the purpose of calculating self-employment tax. The Small Business Jobs Act allows business owners to deduct the cost of health insurance...
by mariettacp | Nov 8, 2010 | Money Tips, Tax Planning, Tax Preparation, Tax Tips
The Small Business Jobs Act of 2010 made beneficial changes to the application of general business credits toward tax and AMT liability offsets. (P.L. 111-240) General business credits of eligible small businesses for 2010 get five-year carryback. Generally, a...
by mariettacp | Nov 5, 2010 | Money Tips, Tax Planning
Small business owners are given temporary relief from tax on gains from sale of company stock as a result of the Small Business Jobs Act. 100% exclusion of gain from the sale of small business stock Ordinarily ,individuals can exclude 50% of their gain on the sale of...
