Sales Vs. Income Tax Deductions Jan 17, 2017The break allowing taxpayers to take an itemized deduction for state and local sales... read more
Year-End Tax Strategies for Accrual-Basis Taxpayers Nov 22, 2016The last month or so of the year offers accrual-basis taxpayers an opportunity to make... read more
Self-Employed? Here’s What You Need to Know About Employment Taxes Oct 18, 2016In addition to income tax, you must pay Social Security and Medicare taxes on earned... read more
Time Business Expenses to Your Tax Advantage Oct 11, 2016Typically, it’s better to defer tax. One way is through controlling when your business... read more
The Benefit of Donating Long-Term Appreciated Stock Sep 29, 2016If you’re charitably inclined, making donations is probably one of your key year-end tax... read more
Should You Bunch Your Itemized Deductions? Aug 25, 2016Many expenses that may qualify as miscellaneous itemized deductions are deductible only... read more
Tips for Tax-Smart Giving Aug 9, 2016Giving away assets during your life will help reduce the size of your taxable estate,... read more
Do You Qualify for “Material Participation”? Jul 19, 2016You can only deduct losses from an S corporation, partnership or LLC if you “materially... read more
Restricted Tax Units Can Provide Tax Deferral Opportunity Jun 28, 2016Executives and other key employees are often compensated with more than just salary,... read more
Enjoy Larger Deductions by Throwing a Company Picnic Jun 21, 2016Many businesses host a picnic for employees in the summer. It’s a fun activity for your... read more