Small Business Tax Deduction Strategies

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.

Page 29 of 155« First...1020282930405060...Last »

The Social Security Administration a­n­­nounced its annual cost-of-living adjustments for 2013. There’s some good news for retirees, some bad news for both employers and some em­­ployees, and some worse news for all workers. Here’s a quick rundown of the key changes.

The IRS refuses to throw in the towel on a 2012 case involving transfers to a family limited partnership (FLP). The agency has announced a formal nonacquiescence to the Wandry decision.

If you live in a federally designated disaster area like the one hit by Hurricane Sandy, you don’t have to wait until you file your 2012 tax return to obtain tax relief.

The impending “fiscal cliff” isn’t the only im­­por­­tant tax issue facing Congress. The tax breaks available for adopting a child will be drastically scaled back in 2013 unless the rules are changed.

Now that the dust has settled after President Obama’s re-election, what can we expect on the tax front for 2013? In particular, will a slew of tax increases sched­­­­uled to take effect this year be repealed, modified or allowed to stand? Here’s a bird’s-eye view of what you might see in 2013.

The IRS has announced more than two dozen inflation-based adjustments for retirement plans and other tax parameters for 2013, including the following.

If Congress doesn’t act, a tax break for hiring qualified vet­­erans will vanish.

Q. I gave each of my adult children $10,000 before the holidays. Can I increase these amounts without paying gift tax? C.G., New Britain, Conn.

The IRS says it will focus on these eight areas in small business audits in 2013:

With the prospect of higher taxes in 2013, plus the imposition of the new 3.8% Medicare surtax on investment income, it makes more sense than ever for well-off individuals to convert a traditional IRA to a Roth. Strategy: Set up multiple Roth IRAs based on the asset classes of the current investments in your traditional IRA.

Page 29 of 155« First...1020282930405060...Last »