Tax tips fall into two basic categories: The longer list of things you can do during the tax year to reduce your liability and a shorter list of things you need to do after the year is over but before you file. Our subject here is that second list. Let’s get going. 1. Take the […]
Unlike last year, tax planning for 2013 is not hampered by uncertainties over alooming fiscal cliff. Unfortunately, there is always some uncertainty and a few expiring provisions to warrant special attention by taxpayers. Managing income taxes at year end involves techniques designed to address three issues: • Accelerating or deferring income: If a taxpayer expects to […]
It’s tax time. Something none of us can avoid. But what we can avoid is paying more than what we rightfully owe to Uncle Sam. Here ten tax deductions for small businesses that you may overlook. Make sure you review them before you submit your filing this year. And it’s always smart to double check with a professional