Many students hold a summer job during their time off from school or work part–time during the school year. Here are some tax tips for students that should be considered:
Successfully passing a family business to the family upon death of the owner is not an easy task. Most business owners fail to realize the importance of a sound business succession plan. As a [...]
Small Business expensing was enhanced early this calendar year when The American Taxpayer Relief Act of 2012 increased the amount available as a first-year deduction for the purchase of new or [...]
For taxpayers with income over $400,000 (single) or $450,000 (married), the rate on capital gains and qualifying dividends will go from 15% to 20% for 2013 and later years. For most other [...]
Waiting for your regular CPA appointment to discuss current tax related issues can create problems or cause you to miss out on beneficial options that need to be timely exercised before year end. [...]
Unless your income exceeds $400,000 as a single taxpayer ($450,000 for married couples), your tax rate will remain what it was under the Bush-era tax rates of 2012. For the high-income [...]
Our tax system is a “pay-as-you-go” system, and if your pre-paid individual estimated tax payments for 2013 is not enough, you become liable for non-deductible interest penalties. To facilitate [...]
If you volunteer some of your time, you may qualify for tax breaks for charity work. Although no tax deduction is allowed for the value of services performed for a charity, some deductions are [...]
If you use independent contractors to perform services for your business or rental that is a trade or business, and you pay them $600 or more for the year, you are required to issue them a Form [...]
With energy costs skyrocketing, you would think that the federal government would come up with some tax incentives aimed at curbing the consumption of energy. However, on the consumer end of [...]
