As we approach the end of summer, it is always a good idea to take a look at where you stand tax-wise, so you know whether or not you need to make some adjustments. Certain life events can incur tax consequences, and it is best to address these now, while you still have several months remaining in the year. […]
Tax Check Up: Life Changes That May Impact Your 2016 Taxes Read More »
You may not know about the Alternative Minimum Tax (AMT) because you’ve never had to pay it before. However, your income may have changed and you may be required to pay it when you file your 2016 tax return next year. The AMT is an income tax imposed at nearly a flat rate on an
Five Things you Should Know About the Alternative Minimum Tax (AMT) Read More »
4 Ways for Small Businesses to Maximize ROI Running a small business is challenging, and especially in the early stages, turning a profit often seems elusive. One of the biggest issues for small business owners is finding the time to operate their business and bring in new customers at the same time. This is the
4 Ways for Small Businesses to Maximize ROI Read More »
Changes to Research and Development Tax Credit Expands Opportunities On December 18, 2015, the Protecting Americans from Tax Hikes (PATH) Act was enacted, extending many important tax credits, and making a lot of them permanent. One of the areas in which these changes have the potential to enhance business startup activity is in the Research
Changes to Research and Development Tax Credit Expands Opportunities Read More »
Important Tax Considerations when Selling a Business The sale of a business is often an exciting time for the owner. This is the culmination of several years of hard work, and you are finally able to cash out and move on to the next phase of your life. In many instances, however, the focus is
Important Tax Considerations when Selling a Business Read More »
The Tax Benefits of Owning Real Estate Homeowners are generally aware of the tax benefits they receive from owning their house. Often, having a home is the main reason to itemize your deductions rather than taking the standard deduction. Some of the major deductions you can take advantage of as a homeowner include mortgage interest
The Tax Benefits of Owning Real Estate Read More »
In recent years, the economy has shifted rapidly. A growing number of companies are downsizing and hiring subcontractors for dedicated projects. This means more individuals are becoming self-employed and filling the needs many companies have because of their downsized workforce. Being self-employed is certainly a change in lifestyle. Instead of working for a boss, you
Starting a Business: 5 Tax Benefits for Self-Employed Individuals Read More »
The marketplace today is more competitive than at any time in history. On the one hand, the digital age has opened more small business opportunities than ever before. On the other hand, with many of these opportunities, the barrier to entry is so low, the competition is heavy. Despite the challenges, entrepreneurs can still be
5 Small Business Success Strategies Read More »
When people think of tax reduction strategies, life insurance is not often at the top of their list. It is true that term life insurance does not provide any immediate tax benefits, but permanent life insurance is an entirely different story. There are numerous ways to use a permanent life policy to lower your taxes.
Reduce Your Tax Liability with Permanent Life Insurance Read More »
The U.S. Department of Labor recently issued new overtime rules that will become effective December 1, 2016. The new rules raise the salary level for workers to be eligible to receive overtime pay by more than double. The current threshold is $23,660; on December 1, it goes up to $47,476. This means employers will now
New Rules Make More Workers Eligible for Overtime Read More »
