Capital gains can have a serious impact on your tax situation. It is advisable to plan ahead, as present law provides different tax rates for different types of property with rules provided by a complex tax code. For more information on capital gains and their treatment, read this C.P.A. Insight.
Purchasing stocks as investments is often easier than selling because of most investors’ fears of capital gains. However there are several circumstances where it is beneficial to sell a stock and recognize the capital gain. For more information on when to take capital gains and losses, read this Financial Tip.
You may not be thinking of buying a house during the holidays, but as the new year rolls around, your home purchase may still qualify for the first-time homebuyer tax credit. This credit was recently extended, and not only first-time buyers qualify. For more information on the new qualifications for this tax credit, read this C.P.A. Insight.
The staggering statistic is that most small businesses fail within the first four years. A successful business is continuously growing and adapting to the current business environment and not resting on its laurels. For the top 10 avenues of potential failure and how to avoid some of the pitfalls associated with them, read this C.P.A. Insight.
When you hire a tax adviser, you are paying for more than the preparation and filing of your returns. A tax adviser’s job is to be creative enough to structure your financial situation to take advantage of as many deductions as possible. For more information on how to work with a tax adviser and what your responsibilities are, read this C.P.A. Insight.
When you hire a tax adviser, you are paying for more than the preparation and filing of your returns. A tax adviser’s job is to be creative enough to structure your financial situation to take advantage of as many deductions as possible. For more information on how to work with a tax adviser and what your responsibilities are, read this C.P.A. Insight.
It may be before Halloween, but now is the time many companies begin to think about holiday gift giving for their important clients. It may be the thought that counts, but the IRS has limits on how much a gift can cost and still be considered a business tax deduction. For more information on business gift giving, read this C.P.A. Insight.
If you suffered any flood damage from Georgia’s September storms, you may qualify to take a casualty loss on your tax return. As with all tax deductions, there are several criteria that must be met. For more information on casualty loss and disaster relief, read this C.P.A. Insight.
The American Reinvestment and Recovery Act of 2009 provided several tax incentives regarding saving for college and paying tuition for higher education for the 2009 and 2010 tax years. For more information on how the Act affects 529 College Savings Plans and the newly created American Opportunity credit, read this C.P.A. Insight.
If you are interested in starting your own business, there are several professionals that you should consult along the way so that you can focus your time and efforts on what you do best. For more information on working for yourself by starting your own business, read this C.P.A. Insight.
