Get Credit for Generating Your Own Home Power
You can get a tax credit on your federal tax return for installing certain power-generating systems on your home. We explain in this week’s Tax Tip.
Independent Contractors and What They Mean for Your Business
Our experts focus on a case study of a small business on the brink of hiring its first employee, rather than continue the current independent contractor relationship.
Business Entities: Limited Partnerships
Unlike a corporation, a limited partnership is inexpensive and simple to create and maintain. Read more in this week’s Business Tip.
Gifting Money or Property Can Have Serious Tax Consequences
Few people turn away a gift of money. When you give, know the tax consequences. We explain in this week’s Tax Tip.
Are Charity Auction Purchases Deductible Contributions?
Remember that hand-blown glass vase you purchased at a charity auction? Only some of what you paid is deductible. Learn why in this week’s Tax Tip.
Business Entities: Professional Corporations
Your business entity can affect your liability, continuity and taxes. Today we look at professional corporations (PC). Read more in this week’s Business Tip.
Keep Track of Your Investment Basis
Basis begins with the price you paid for your investment, but certain events can change it over time. We explain in this week’s Tax Tip.
October 15 Due Date for Extensions and Retroactive Business Expenses Rapidly Approaching
October 15 is approaching! That means tax deadlines for Extensions and Retroactive Business Expensing. We explain in this week’s Tax Tip.
Business Entities: Sole Proprietorship (SP)
As a sole proprietor, you can hire your spouse without having to pay FUTA taxes (federal unemployment) on their salary. Read all about it in this week’s Business Tip.
Tax Tips for Disabled Taxpayers
Disabled taxpayers may qualify for tax credits or benefits. We highlight several that may help you save in this week’s Tax Tip.