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3 Proven Tax Smart Moves For Small Business to Save Money

Posted in Tax News on December 1, 2013

1) Adopt a Retirement Plan A business has several different retirement plans it could adopt. The most common plan is the 401(k) plan. With a 401(k) plan the employee is allowed to defer on a pre-tax basis up to $17,500…

Tagged with: 401(k) Plan, Accounts Payable, Accounts Receivable, Cash Basis, Fixed Assets, Income Tax, Inventory, Machinery, Profit Sharing Plan, Real Estate, Section 179, Small Business, Taxable Income, vehicles

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

Posted in Tax News on December 17, 2012

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…

Tagged with: Accelerated Deprection, accrual basis, Bonus, C Corporation, Cash Basis, CPA, Estimated Taxes, Income Tax, Income Tax Penalty, income tax planning, Limited Liability Company, LLC, Partnership, Profit Sharing Plan, retirement plan, S Corporation, S Election, Section 179, SEP, SIMPLE Plan, Simplified Employee Pension, Sole Proprietorship, Stockholder, Subchapter S Election, Tax Penalty, Withholding, Year- End Tax Planning

4 Ways to Help Your CPA and Reduce Your Taxes

Posted in Tax News on December 20, 2011

Here are 4 ways to Help Your CPA and Reduce Your Taxes: 1) Have a Year End Planning Meeting with Your CPA This meeting can be in person or over the phone, it really doesn’t matter. The only thing that…

Tagged with: April 15th, Cash Basis, Certified Public Accountant, CPA, Estimated Taxes, Income Tax Return, Income Taxes, LLC, October 15th, Partnership, Schedule K-1, SEP, Simplified Employee Pension, Tax Extension, Tax Organizer, tax planning, Tax Return, Tax Strategy, Withholding, Year End

7 Smart Year End Tax Planning Moves

Posted in Tax News on December 7, 2011

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…

Tagged with: 529, 529 College Savings Plan, Appreciated Property, Bonds, Capital Gains, Capital Losses, Cash Basis, Charitable Donations, CHET, Connecticut, Connecticut Higher Education Trust, CT, Donations, Estate, Federal Estate Tax, Gift, Gift Tax, Gift Tax Return, Home Office, ira, Joint Return, Long Term Capital Gains, Married Couples, Mutual Funds, Required Minimum Distribution, RMD, roth ira, SEP, Simplified Employee Pension, Small Business, Small Business Owner, Stocks, Tax Deduction, tax planning, Year- End Tax Planning

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Glastonbury, CT 860.646.2465
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4 Ways to Help Your CPA and Reduce Your Taxes

7 Smart Year End Tax Planning Moves

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Branford, CT 203.208.0572 Glastonbury, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

3 Proven Tax Smart Moves For Small Business to Save Money

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

4 Ways to Help Your CPA and Reduce Your Taxes

7 Smart Year End Tax Planning Moves

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885