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.
Claiming alimony deductions for the value of a house during an acrimonious divorce proceeding.
Cashing in Series EE bonds as co-owners
Have you reached the point where your “to do” list is so long that you can’t decide which task to tackle first? Learning to manage competing priorities is a critical skill for small business owners. Use this four-step process to tackle tasks more effectively.
If you own a second home in a resort area and you’re using the place less often than before, why not turn that beach cottage or mountain cabin into a revenue producer by renting it out? This can turn out to be a tax-efficient strategy.
Don’t close the books on the 2005 tax year just yet. Higher-income families who filed for an extension on their individual returns may still be able to slip through a newly discovered, unintended tax loophole to trim even more taxes.
The answer to the age-old question above depends on many factors, not just taxes. But now that first-year bonus depreciation deductions are a thing of the past (they expired after 2004), the pendulum has swung in a new direction.
Will a grandson be taxed for income earned from an account set up by grandparents who do not claim him as a dependent?
Qualifying for the new manufacturing deduction.
If you’ve invested a lot of your retirement plan funds in your employer company stock (including a company you own), you may be in line for a big future payday. When it comes time to retire, you can choose to cash out by having your retirement account sell the stock, or you might decide to simply take your payout in the form of company stock. Which is best?