Taxing Decisions – Car and Home Office Expenses
Do you use your car for business driving or maintain an office in your home? In either situation, you may have a choice of methods… Read More »Taxing Decisions – Car and Home Office Expenses
New york state taxes and Federal taxes have different rules. Personal and Business Income Tax Preparation and Planning
Do you use your car for business driving or maintain an office in your home? In either situation, you may have a choice of methods… Read More »Taxing Decisions – Car and Home Office Expenses
Thinking about installing a renewable energy system in your residence? Uncle Sam offers individual taxpayers a federal income-tax credit equal to 30% of the cost… Read More »A Tax Credit for GOING GREEN
When you are self-employed, your business profits are taxed to you at federal rates as high as 39.6%. Add self-employment taxes, which in 2015 will… Read More »THREE STEPS to Lower Taxes for the Self-employed
NEW (TAX) YEAR The 2014 tax year is pretty much a wrap. There’s not too much individual taxpayers can do to change the outcome. But… Read More »The 2015 Tax Year is Here!
Do you have a hobby or a business? A recent Tax Court decision reminds us of the importance of keeping good records. The Tax Court… Read More »Hobby or a Small Business?
As the year end approaches many people will donate used items to local charities. Although we applaud the efforts to help those less fortunate there… Read More »Writing off Charitable Contributions
Social Security Wage Base The Social Security Administration (SSA) announced that the maximum earnings subject to the Social Security component of the FICA tax will… Read More »Social Security Wage Base for 2015
On December 19th, 2014, the president signed the Tax Increase Prevention Act of 2014 into law. It is a one year (retroactive for all of… Read More »Key Business Tax Changes for 2014
*Edit 12/2014* Congress Passes Tax Extenders and New Legislation for the Disabled: The Senate passed H.R. 5771, known as the Tax Increase Prevention Act of… Read More »Provisions expired after 2013
Obamacare tax subsidy – individuals who purchase health insurance through the Exchange and are eligible based on income may receive a subsidy. This subsidy is… Read More »Key Tax Changes for 2014