Certain capital expenditures for small businesses qualify for the Section 179 expense election. If so, your business can choose to immediately expense. Section 179 limits decrease as of 1/1/2012. Find out more here. Full story
Tax–free treatment of Qualified Charitable Distributions from traditional and Roth IRAs has been extended through December 31, 2011. As long as an individual meets certain criteria laid out by the IRS, this strategy will offer hefty tax savings for individuals. Find out more here. Full story
When it comes to year-end tax planning and tax reduction, accelerate your deductions or delay your income. Today, we’ll discuss how to find ways to accelerate your deductions so you can take that deduction this year instead of next. Full story
Although giving to charity comes from the heart, you’ll usually still feel it in your wallet. Of course, many contributions to charity are tax deductible, easing the financial hit. Find out end of year tips here. Full story
When the tax year begins to wind down small businesses wonder if there are any last-minute tax tips that can save money. Here are some strategies that can work for year-end planning, but can also come in handy any time throughout the year. Full story
Our very own Bob Meighan, CPA and Vice President of TurboTax provides you with great tax tips to take advantage of before the end of the year to get you the refund you deserve. Check out the video here!
With just a few days left in 2011, there are still some final moves you can make to save money on your taxes this year. Find out more here! Full story
Both deductions and credits reduce how much tax you pay, but how both impact your taxes is quite different. Find out how they are different and find out about the different tax credits available at tax time. Full story
You may be tempted to pay credit card debt with money taken out of your retirement plan, but before you make that move read about the tax implications here. Full story
Many employers offer Flexible Spending Arrangements. Under the typical flex-spend account you can contribute up to $5,000 pre-tax, to be used for various types of expenses. Find out details about this account before year end.