Small Business Tax
Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?
Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.
To figure what portion of a lump-sum distribution qualifies for the capital gains break, multiply the taxable amount by this amount: The number of months of pre-1974 plan participation divided by the total number of months of plan participation. (Any portion of a calendar year before 1974 counts as a full 12 months. Any part of a month of participation after 1973 counts as one full month.)
With the summer approaching, it’s time to start planning some time on the beach or at the golf course. If you’re self-employed, you may be able to turn some of that typically nondeductible vacation time into a tax-saving getaway.
Does your company need a quick cash transfusion to keep operating on all cylinders? That could be a problem if the company owes you money for a prior debt.
Much of the media attention on the new tax legislation passed by Congress focused on extending the tax breaks on capital gains and dividends.
Calculating the year on home-sale exclusion based on principal residence
Serving as the executor of an estate is a weighty responsibility… perhaps even more so than you might think.
No matter how far you travel on business, you can deduct auto expenses so long as the trip’s primary purpose is business- related. That’s true even if you derive secondary benefits from the trips.
Are you getting ready to hand over the reins of your corporate business to the younger generation? Typically, you might arrange to sell shares of company stock to your successors or simply give the stock to them. But take note: Each of these options can carry a heavy tax price.
Do you need other employees behind you in order to open a Roth IRA
How can you save for retirement while operating your business? At one time, small business owners were often left out in the cold. But retirement savings isn’t just for the “big boys,” anymore.