Category Archives: 1065 Partnership Income Taxes

The “Fiscal Cliff”… what is it?

Posted on November 28, 2012 by William A Olson, CPA

What is the fiscal cliff? A combination of tax increases and spending cuts automatically scheduled to take effect January 1, 2013 unless Congress and the President take action. Automatic spending cuts Since Congress failed last year to reach a bipartisan debt-reduction … Continue reading →

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Post-Election Tax Policy: A briefing from CCH

Posted on November 15, 2012 by William A Olson, CPA

This is a great briefing on what we can expect post-election when it comes to tax policy. An excerpt… President Obama secured a second term in office November 6, 2012, in the end winning the Electoral College by a wide margin. The President’sre-election … Continue reading →

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Personal Opinion: What will happen to taxes in 2013?

Posted on November 8, 2012 by William A Olson, CPA

With the election over, the two parties can now (hopefully) focus on tax reform. CORPORATE TAX REFORM: Both parties agree that lowering the overall corporate tax rate while eliminating deductions and “loopholes” is a good idea… so I imagine that this … Continue reading →

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USA Today Article: Looming small business tax hike explained

Posted on November 5, 2012 by William A Olson, CPA

Here’s the link.

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Personal Finance, Small Business | Comments Off on USA Today Article: Looming small business tax hike explained

REPOSTING: Year End Tax Planning

Posted on October 31, 2012 by William A Olson, CPA

We are fast approaching the end of the 2012 tax year and that is the perfect time to do some end of year tax planning… before it is too late. Many tax planning decisions can only be made before December … Continue reading →

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Tax Provisions Expiring at the End of 2012

Posted on October 1, 2012 by William A Olson, CPA

Without action by Congress and the President, there are several tax provisions scheduled to expire at the end of this year. Without proper tax planning, you could be unpleasantly surprised with a big tax bill this April because of the … Continue reading →

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Year End Tax Projections

Posted on September 26, 2012 by William A Olson, CPA

Although September is not even over, it is a good time to start thinking about year end tax planning. I know it does not sound like fun, but a little advance planning will almost always help you reduce the taxes you … Continue reading →

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It’s time for end of year tax planning

Posted on September 19, 2012 by William A Olson, CPA

We are fast approaching the end of the third quarter 2012 and that is the perfect time to do some end of year tax planning… before it is too late. The first step is to estimate or project your tax … Continue reading →

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A business start up checklist from the SBA

Posted on September 18, 2012 by William A Olson, CPA

If you are starting a business, here’s a good place to find some useful information. SBA Small Business Startup Checklist.

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AICPA Article on Tackling Health Care Reform

Posted on September 10, 2012 by William A Olson, CPA

Here’s a good summary of the health care reform bill and what it means to your business.

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