Category Archives: Michigan Taxes

2014 Standard Mileage Rates (IRS)

Posted on August 11, 2014 by William A Olson, CPA

Here they are. 2014 Standard Mileage Rates IR-2013-95, Dec. 6, 2013 WASHINGTON — The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Michigan Taxes | Comments Off on 2014 Standard Mileage Rates (IRS)

Mid year 2014 Tax Planning

Posted on June 17, 2014 by William A Olson, CPA

It is almost June 30th which means we are about half way through 2014. It is not too late or too early to do some tax planning to manage your tax liability. Common strategies/suggestions for lowering your tax liability include: … Continue reading →

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It’s never too early to do tax planning

Posted on May 30, 2014 by William A Olson, CPA

There are always things you can be doing throughout the year to lower your tax bill at year end. Full year tax projections are a great way to see how what you do now will make your life easier come … Continue reading →

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Your year-end tax to do list: what you do before the Dec. 31 deadline can save you big bucks at tax time

Posted on November 20, 2013 by William A Olson, CPA

More year end tax planning ideas here.

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance | Comments Off on Your year-end tax to do list: what you do before the Dec. 31 deadline can save you big bucks at tax time

4 Tax Planning Moves to Make Before Year End (from Market Watch)

Posted on November 7, 2013 by William A Olson, CPA

With the end of the year approaching, it’s time to make some moves to lower your 2013 tax bill. This is the second installment of our two-part series on that subject (also see: Tax moves to make before Christmas). Strategy: … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance | Comments Off on 4 Tax Planning Moves to Make Before Year End (from Market Watch)

Tax Tips? There’s an App for that

Posted on March 4, 2013 by William A Olson, CPA

From the USA Today. Tax time is a chore for many Americans, particularly those who try to save a few bucks and file the paperwork on their own without any help. But thankfully there are a host of affordable products … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Michigan Taxes, Personal Finance | Comments Off on Tax Tips? There’s an App for that

Year End Checklist for businesses

Posted on December 27, 2012 by William A Olson, CPA

Closing Your Books As you are cleaning up your accounting records for year-end, here are some steps you can take now to make tax-time easier: Verify that you have W-9 forms for each of your independent contractors or at least … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Accounting, IRS, Michigan Taxes, QuickBooks, Small Business, Tax filing due dates | Comments Off on Year End Checklist for businesses

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 →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance, Small Business | Comments Off on REPOSTING: Year End Tax Planning

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 →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance, Small Business, Tax filing due dates | Comments Off on Year End Tax Projections

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 →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance | Comments Off on It’s time for end of year tax planning