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.
If you think that completing and filing a federal tax return is pretty cut-and-dried, think again.
Have you completed your 2014 tax return yet? Take a look at these opportunities to save.
Q. We repaired our damaged roof, but the contractor’s work was shoddy. Is this deductible as a casualty loss?
Generally, you can deduct marketing and promotional expenses incurred in furthering your business operation. But you can’t deduct payments made by your enterprise that aren’t expected to generate business income.
Are you responsible for additional federal income tax due to a fabrication, error or omission by your spouse on a joint tax return? Maybe not. You don’t have to pay the piper if you qualify as a so-called “innocent spouse.”
How would you like to leave tax-sheltered assets to your kids and grandkids that can actually increase in value over time? It’s not a pipe dream.
It appears that the 3.8% Medicare surtax on net investment income, which was included in the controversial Patient Protection and Affordable Care Act (aka Obamacare), is here to stay.
The 3.8% Medicare surtax on net investment income isn’t the only tax complication triggered by the Patient Protection and Affordable Care Act.
Do you own a vacation home in the mountains or at the shore? Rent out the home when your family isn’t using it.
The deadline for electing S corporation status for the current tax year is rapidly approaching. Strategy: Take time to figure out if a switch makes sense for your incorporated business.