Posted by Brian Kern on March 09, 2017
The Section 179 deduction for qualified real property expenses was made permanent under the Protecting Americans from Tax Hikes (PATH) Act of 2015. However, claiming this deduction isn’t a no-brainer. Here are the pros and cons.
Posted by Robert Ingrasci on March 09, 2017
Here are a couple of age-based tax breaks that seniors shouldn’t overlook when filing their 2016 returns.
Posted by D’Marie Murray on March 09, 2017
Did you know that, once you turn age 70½, you must start taking mandatory annual withdrawals from your traditional IRAs, including any simplified employee pension (SEP) accounts and SIMPLE IRAs that you set up as a small business owner?
Posted by Bryan Staniszewski on March 09, 2017
Simplified Employee Pensions (SEPs) are stripped-down retirement plans intended for self-employed individuals and small businesses. If you don’t already have a tax-favored retirement plan set up for your business, consider establishing a SEP — plus, if you act quickly enough, you can claim a deduction for your initial SEP contribution on your 2016 tax return.
Posted by Cory Van Deusen V on March 09, 2017
What’s the most popular choice of entity: sole proprietorship, C corps, S corps, partnership or LLC? A recent report by the Joint Committee on Taxation answers this question — and highlights trends in how businesses have been structured over the last 35 years.
Posted by Dale Demyanick on March 06, 2017
An effective way to reduce estate taxes is to limit the amount of appreciation in your estate — and your company may provide just the ticket for doing so.
Posted by Christopher Lukowski on February 20, 2017
2016 was a “transformative” year for the Whistleblower Office. Learn about the basics of the program and what changed in 2016.