Kiddie Tax
The Kiddie Tax prevents parents from shifting investment income a child who is taxed at a lower rate compared to the parents.
Is an Individual 401(k) Right for Me?
Just because you work for yourself doesn’t mean you need to miss out on the savings opportunity a 401(k) provides.
Roth IRA Contributions
The rules for Roth IRAs are one of the least complicated sets of rules that the IRS has established in some time. To see if you qualify to participate this year, just check out the following guidelines.
The Right Staff: Finding and Motivating Your Office Staff
Attracting the right staff that will support the mission of your company is often achieved by offering competitive benefits like retirement plans.
Educators—Keep those Receipts!
As an educator, if you buy supplies for your classroom, save those receipts! The Educators’ Deduction can be used to reduce adjusted gross income.
Holding Periods for Capital Assets
How much you owe in taxes on your capital gains depends on the holding period. Your holdings can be deemed either short-term or long-term.
Georgia Tax Credits for Businesses—Could Your Business Be Eligible?
The state of Georgia offers many tax credits to businesses. These credits are sometimes overlooked or not fully understood by many tax preparers. If your company pays Georgia income taxes, including pass-through entities, these tax credits could save you money. Here is a brief overview of some of the tax credits your company could benefit from.
Form 1099-MISC
1099-MISC is the form for reporting certain types of income paid to others, such as, independent contractors.
Standard Deduction vs. Itemized Deductions
How do you choose between the standard deduction and itemized deductions when preparing your tax return?
American Taxpayer Relief Act of 2012—Provisions Applicable to Small Businesses
The 2012 Tax Act includes several provisions for small businesses—many of which were retroactive for 2012. Learn more in this Tax Tip.