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.
Can beneficiaries of an estate exercise inherited stock options?
Can you deduct future organ donation as a current charitable donation?
It appears that high gasoline prices will be with us for some time, so don’t be shy about adding fuel fees to your prices.
Is your daughter or son marrying soon? You’ll probably lose a tax exemption when your child marches down the aisle, but that doesn’t mean the happy couple has to suffer, tax-wise.
Incorporating in Delaware has no impact on federal income taxation.
Taxing online gambling is a tricky proposition
If the 100 percent federal employment tax penalty doesn’t strike fear in the hearts of small business owners, it should. Why? That tax-code provision requires the person “responsible” for unpaid employment taxes to personally pay 100 percent of the amount withheld from employees’ paychecks.
Back in the ’90s, Congress wiped off the books one of the most hallowed tax breaks when it repealed five-year “income averaging” on retirement plan payouts. That tax break allowed you to calculate the tax on a lump-sum distribution as if the funds were paid out over five years instead of just one. But an even better tax break—10-year averaging—managed to avoid the ax.
With the summer approaching, it’s time to start planning some time on the beach or at the golf course. If you’re self-employed, you may be able to turn some of that typically nondeductible vacation time into a tax-saving getaway.
Does your company need a quick cash transfusion to keep operating on all cylinders? That could be a problem if the company owes you money for a prior debt.