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.

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Be prepared to pay a hefty surtax on Medicare Part B premiums. As opposed to Part A, which covers hospitalization, participation in the Part B program for doctor bills is voluntary. But you certainly didn’t volunteer for a tax hike!
The new tax law includes several other changes that haven’t received much attention.
Sorry, but you can’t take a summer vacation from tax planning. Take your eye off the ball midway through the year, and you could miss out on valuable tax deductions and credits ripe for picking. Here are 11 summertime tax moves that could make you smile come tax-return time.
In addition to the Roth IRA and kiddie-tax changes described above, here are other key provisions of the new tax law passed last month:
Sorry, but you can’t take a summer vacation from tax planning. Take your eye off the ball midway through the year, and you could miss out on valuable tax deductions and credits ripe for picking.
If you travel extensively on business, you know the drill: Airlines may offer lower rates if you stay over a Saturday night. The discount is usually worth it if you’re wrapping up business on Friday.
Q I plan to leave my organs to be used for research at a hospital. Can I deduct this gift as a current charitable donation or, at the very least, a gift at death? P.P., San Antonio
Want to change your accounting method or need an IRS ruling about your employee retirement plan?
Q: I’m starting an Internet-based business with my brother. Since our state of incorporation can be virtually anywhere, should we incorporate in Delaware as our home state for income tax purposes? D.J., Boulder, Colo.
Q: I’m starting an Internet-based business with my brother. Since our state of incorporation can be virtually anywhere, should we incorporate in Delaware as our home state for income tax purposes? D.J., Boulder, Colo.