Blog Archives

7 Smart Year End Tax Planning Moves

  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


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How to Get an IRS Civil Penalty Waived and Keep Your Small Business

Recently, we were able to get a $49,000 IRS civil penalty waived for one of our Connecticut business clients.  If we failed to get this penalty waived, this business would have closed its doors.


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Overview of the Tax Provisions in the 2010 Small Business Jobs Act

The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business paid for with various revenue raisers. Here’s a brief overview of the tax changes in the new law.


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Why I No Longer Need The Yellow Pages Phone Book

This past weekend the Yellow Pages phone book was delivered to my home.  When I got to work the next morning, another one was on the front step.  At home, it never even made it into the house.  I just put


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Three Things a Business Owner Needs to Calculate their Tax Credit for Health Care Premiums

The recent health care reform has allowed eligible businesses to claim a credit for premiums paid for health insurance. For 2010, the maximum credit is 35% of the employer’s premium.


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