Year-end tax planning and end of year tax moves are good ideas to minimize your taxes but there are several pitfalls and traps to some of the ideas.
Year-End Tax-Planning Moves for Small BusinessesFox Business
Tips for Year End Tax Planning Every small business owner must know the requirements for tax planning and reporting. Businesses pay federal income taxes, local taxes, sales taxes, and employment taxes. Any mistakes and the Internal Revenue Service (IRS) will start breathing down your neck. The ...
Year End Tax Preparation For Your Small Business As part of our services, we offer year end tax planning meetings. We love to go beyond your expectations for what a CPA firm “normally” does. So, during our year end tax preparation meetings, we take the time to review your business numb...
The end of the year can be a hectic time. Increased personal commitments, such as holiday travel and family visits, are added to already busy work schedules. It's no wonder important year-end tax planning is often overlooked.While you may be tempted to start tax planning after the new ...
Many small business owners still use Excel spreadsheets and paper bank statements, bills and receipts to track their assets, liabilities, inventory, expenses and payments. This approach is time-consuming and prone to error. And it also means you may end up paying an accountant more to capture ...
5 Ways to Reduce Your Business's Year-End Tax Bill For many business owners, December means employee gifts, holiday promotions and planning for the new year. It also means it's time to review business tax p... N Fallon - 《Fox Small Business Center》 被引量: 0发表: 2013年 Small Time...
3. Do Some End-of-Year Tax Planning The majority of people think about taxes just once a year. As a result, they lose the chance to make any meaningful changes to help their tax situation. This tax year is still going to be strange if you received any government loans or assistance to...
According to Anthony Mezzasalma, a CPA and partner at Mezzasalma Advisors, one example of poor tax planning would be to take in a large amount of revenue before the end of the year that could potentially move your business into the next tax bracket. Instead of paying more taxes because ...
If you've been thinking about buying equipment to use in your business, do so by the end of the year. This can be a car, computer, software, office furniture, or anything else. You'll likely be able todeductthe entire amount you pay for the item on your 2018 taxes. A new tax law...