Tag Archives: tax deductions

Get to know these tax-saving terms

As you begin to think about scheduling your midyear tax planning appointment, refresh your memory on the meanings of terms that can save you money. Here are three. Exclusions are items that would generally be included on your return, but … Continue reading

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Accountable plans are a win-win business idea

Are you looking for a way to give your employees a tax-free benefit that is also tax-deductible for your business? Consider an accountable plan. These arrangements let you reimburse your employees for expenses incurred on behalf of your company, such … Continue reading

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Are You Claiming All of Your Tax-Deductible Business Expenses for 2015?

Haven’t completed your 2015 taxes yet? You’re cutting it close. Don’t short-change yourself on business expenses, though. If you’ve been in business for several years, you have a pretty good idea of what expenses can be claimed on your income … Continue reading

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Look backward and forward for tax savers

You can reach into the past and future to cut your taxes. How? Through the use of tax carryforwards and carrybacks. Here is what you should know about these tax savers. Some tax deductions have a maximum amount that you … Continue reading

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Pay attention to restored deductions for 2012

A number of tax breaks that had expired at the end of 2011 or were to expire at the end of 2012 were extended by the recently passed law, the “American Taxpayer Relief Act of 2012.” Keep these deductions and … Continue reading

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