by mariettacp | Nov 28, 2010 | Money Tips, Tax Planning, Tax Tips
Thinking of buying new office equipment? Put new business equipment and machinery in service before year-end to qualify for 50% bonus first-year depreciation allowance. Unless Congress acts, this bonus depreciation allowance won’t be available for property...
by mariettacp | Nov 26, 2010 | Money Tips, Tax Planning, Tax Tips
To help reduce your tax liability, you can make expenses qualifying for the $500,000 business property expensing option. The maximum amount you can expense for a tax year beginning in 2010 is $500,000 of the cost of qualifying property placed in service for that tax...
by mariettacp | Nov 24, 2010 | Money Tips, Tax Planning, Tax Tips
A great way to help ease your tax burden is to set up a self-employed retirement plan if you are self-employed and haven’t done so yet. Our CPAs would be happy to assist you.
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 | Oct 26, 2009 | Accounting News, Money Tips, Tax Planning, Tax Preparation, Tax Tips
Complied financial statements are a powerful tool for effective tax planning. Provided on a quarterly basis, these account recordings allow us to provide 1) precise income tax liability calculations, 2) accurate long-term tax planning, and 3) priority handling of your...
