The housing market slump has extended to owners of vacation homes, and in most parts of the country, it may be hard to obtain a reasonable price for a place you’ve owned for some time.
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.
Are you finishing up your 2007 tax return? Make sure you didn’t overpay Social Security tax. The tax rate for 2007 was 6.2% on the first $97,500 of wages. The 1.45% Medicare tax applies to all wages. These rates are doubled for self-employeds.
With all the talk about health insurance in the national political campaigns, maybe it’s time to take another look at Health Savings Accounts (HSAs). With an HSA, distributions to pay qualified medical expenses are tax-free.
Q. My father intended to change his will to leave more of his estate to his grandchildren. But he died before doing it. Can we automatically pass the money to them?
After discouraging lobbyists from sending Christmas cards last holiday season, the State Ethics Commission has ruled that holiday cards are not gifts and may be sent to state officials without fear of violating state law ...
New Jersey is poised to become the third state in the nation to guarantee employees paid leave to care for a newborn or a sick relative. The new family leave bill passed the State Senate on March 3, and at this writing is expected to be approved by the Assembly and signed into law by Gov. Jon Corzine ...
In the past, Small Business Tax Strategies has advised you about a tax technique for certain families. It may be used when aging parents live in a home that has appreciated in value, but they’re no longer reaping the full tax benefits of home ownership.
After weeks of negotiations, Congress passed, and the president signed into law, the $152 billion Economic Stimulus Act of 2008. The legislation’s centerpiece is a one-shot tax rebate for individuals, but there’s much more to the new law.
What’s being underpaid $44.63 worth? It netted one lucky California employee more than $10,000 ...
During these difficult economic times, small and midsized businesses are looking for ways to reduce their employment costs—while maintaining employee benefits and gaining a competitive advantage in the marketplace. Many employers are looking at alternative staffing models to meet those objectives ...
