In Part I of our look at the business and economic outlook in 2014, we discussed some of the positive trends such as the strong recovery in the housing and energy sectors. In normal times, simultaneous recoveries in these two industries would give us plenty of reason to be optimistic about the prospects in the […]
Business Outlook for 2014: Mixed Reviews (Part II) Read More »
According to many analysts, the outlook for businesses and the economy in 2014 is mostly positive, with some factors that could be cause for concern. Overall, the economy is moving in the right direction. Entering our fifth year of economic recovery, growth should continue. According to Inc. Magazine’s survey of the CEOs of the 5000
Business Outlook for 2014: Mixed Reviews (Part I) Read More »
East Valley Accounting Firm BASC Expertise to Host 2013 Tax Strategies Workshop Deirdre Morhet will be sharing on what business owners can still do pertaining to their 2013 taxes. CHANDLER, AZ (January 22, 2014) BASC Expertise, an East Valley small business accounting firm, is hosting their monthly “Breakfast at BASC” workshop on Thursday, January 23rd
East Valley Accounting Firm BASC Expertise to Host 2013 Tax Strategies Workshop Read More »
Owning a home may not seem like a strategic business move and many small business owners have elected to remain renters in the Phoenix market after the market crash. Those who have sought financing for their businesses, however, may see the benefit of owning versus renting and I’d like to share with you a few
Four Ways That Being a Homeowner Can Help You as a Business Owner Read More »
In Part I of our series, we looked at a few of the tax breaks that were reduced or eliminated at the start of 2014. Now let’s look at some of the additions to the tax code taking affect this year. Individual Mandate to Purchase Health Insurance: Despite attempts to delay and/or eliminate it, the
Important Tax Law Changes for 2014 (Part II) Read More »
With the start of a New Year comes several changes to the tax code and this year is no different. At the stroke of midnight December 31, 2013, 55 tax-breaks expired without any action by Congress to extend them. Some may be extended later in the year retroactively, so stay tuned for that. Until then,
Important Tax Law Changes for 2014 (Part I) Read More »
The holiday season is here, and time is running out on 2013. However, just because there are only a couple weeks left in the year does not mean there are no more opportunities to save on your taxes. In fact, there are several year-end ways to lower your taxable income. Here are some of the
Year End Ways to Save on Taxes Read More »
Tax planning is something you should be doing throughout the year. However, if you have come to the final month of 2013 and find that you may not have done everything possible to organize your taxes and reduce your liability, the time to start is now. True, the holiday season is already very busy but
Why Year End Tax Planning is Important and When to Start Read More »
Do you know how your business entity is structured? If you have an LLC, do you pay taxes as a sole proprietor, an S Corp, or a Partner? I meet business owner all the time who don’t know the difference in an organizational structure and a tax classification. This is crucial because if your business
Choosing an S Corporation versus a C Corporation Read More »
In Part I, we examined how the Affordable Care Act will impact the tax filings of individuals. There are also some important taxes and mandates on businesses that are worth noting. Employer Mandate: Starting in 2015 (delayed from its original implementation year of 2014), employers with 50 or more employees will be subject to a
Tax Implications of the Affordable Care Act (Part II) Read More »
