Tag Archives | Tax Planning

Impending Tax Changes for 2014 – Are You Prepared?

Unlike in previous years, Congress has yet to take action in 2014 to extend a number of tax provisions that expired at the end of 2013. While we are still waiting to hear whether many of these tax breaks will be retroactively reinstated and extended through 2014, there are a number of effective tax planning […]

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Tax Provisions that Expired 12/31/13

While most of us are still focused on filing our 2013 tax returns, there are many considerations that may affect 2014 spending. On December 31, 2013, there were 55 tax provisions that expired. The most notable expiring provisions relate to depreciation. Section 179 expense was reduced from $500,000 in 2013 to just $25,000 in 2014. […]

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The Importance of Tax Planning

As 2013 is coming to an end, most of the tax accountants are busy with year-end planning with their clients. Taxes always play a big part in every American’s life. Whether it’s earning an income, running a business, making a gift, making a contribution or transferring an estate, a careless oversight could cost a lot out […]

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