6 Reasons Small Business Owners Should Meet With Their CPA Before Year-End

December 17, 2012 Tax News 0 Comments Print this page Share

There are a host of reasons small business owners should meet with their CPA.  Here are 6 of them:

 

1) Method of Accounting

Smaller business can usually file their tax returns on the cash basis of accounting.  The taxable income is based on the revenue received less the deductible expenses. Larger companies must prepare their tax return using the accrual basis of accounting.  The accrual basis matches the … Continue reading »

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7 Smart Year End Tax Planning Moves

December 7, 2011 Tax News 6 Comments Print this page Share

1) Harvest Capital Losses

Capital gains property includes stocks, bonds and mutual funds.  Currently, the stated rate on long term capital gains is 15%.  If you have a net loss after netting all of your gains and losses, the tax deduction is limited to $3,000. Any excess capital losses can be carried into the future.

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Back To (Law) School – Seminar Series

October 31, 2011 Events 0 Comments Print this page Share

BACK TO (Law) SCHOOL

 

Borgida & Company, P.C.

Certified Public Accountants

An Independent Company

Raymond James Financial Services, Inc.

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