by Joan Buchman Miller | Mar 6, 2017 | income tax, S Corporation, tax planning
Is an S corporation is the most suitable form of business for your new venture? Today we are discussing some of the benefits of operating as an S corporation. One of the biggest advantages of an S corporation over a partnership is that as S corporation shareholders...
by Joan Buchman Miller | Feb 27, 2017 | home office, income tax
Are you eligible for a home office deduction? If you’re self-employed and work out of an office in your home, and if you satisfy the strict rules that govern those deductions, you may be entitled to above-the-line business expense deductions for the following:...
by Joan Buchman Miller | Feb 20, 2017 | depreciaion, income tax, tax planning
Maximize income tax depreciation when buying business real estate-for your own occupancy or for rental to others. Here are a few suggestions. Separating improvements from land. Not all of the cost of acquiring real estate is depreciable. Specifically, the cost of...
by Joan Buchman Miller | Feb 13, 2017 | charitable contributions, income tax, tax records
Safeguard your charitable deductions by properly substantiating all of your contributions. If the contribution is $250 or more, you’ll need a written receipt from the charity. If you donate property valued at more than $500, additional requirements apply. Here...
by Joan Buchman Miller | Jan 30, 2017 | income tax, tax planning
This winter tax update is a summary of important tax developments that have occurred in the past few months that may affect you. If you would like to know more about how any of these developments please Contact Us On December 13, President Obama signed into law the...
by Joan Buchman Miller | Jan 16, 2017 | income tax, tax planning
It’s not to late to reduce 2016 taxes! As you get ready to file your 2016 tax return, take a quick look at the list that follows. It’s a summary of little-known tax strategies that may save you money when you file your tax return. Contact Us to see...
