Tag Archives: individual tax

Avoid penalties for underpayment

Check the total taxes you’ve already paid in for 2013 through withholding and/or quarterly estimated payments. If you’ve underpaid, consider adjusting your withholding for the final months of 2013 or increasing your remaining quarterly estimate. If you employ household workers, … Continue reading

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The Affordable Health Care Act: The Major Changes for 2014

You won’t have to worry about the most significant one until 2015. When the Affordable Health Care Act became law in 2010, its impact was wisely spread out over several years. As an individual and a business, you’ve likely already … Continue reading

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IRS issues guidance on bonus depreciation

Under the “Tax Relief Act of 2010,” you may be able to write off the entire cost of business property placed in service this year, thanks to 100% “bonus depreciation.” Prior to this law, a business was able to claim … Continue reading

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Why “Forward thinking…”?

As an CPA and small business owner I often get asked “What can you do to help me be more successful in the future?”. When thinking about this, I came to realize that the majority of accountants are historians. As … Continue reading

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