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Category Archives: Small Business
Post-Election Tax Policy: A briefing from CCH
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 →
Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Small Business
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Personal Opinion: What will happen to taxes in 2013?
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 →
Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Small Business
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USA Today Article: Looming small business tax hike explained
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
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REPOSTING: Year End Tax Planning
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
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Alternative Minimum Tax (AMT)… Planning for the end of 2012
As of this post, Congress has not acted to “patch” the AMT exemption amount for 2012. It is very likely that they will as stated here, but an adequate tax plan necessitates that you calculate your projected tax liability under … Continue reading →
Posted in 1040 Personal Income Taxes, Small Business
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Year End Tax Projections
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
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A business start up checklist from the SBA
If you are starting a business, here’s a good place to find some useful information. SBA Small Business Startup Checklist.
Posted in 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Small Business
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AICPA Article on Tackling Health Care Reform
Here’s a good summary of the health care reform bill and what it means to your business.
Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Small Business
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Shareholder Compensation and Health Insurance Premiums
If you have an S Corporation, this is a must read… S Corporation Compensation and Medical Insurance Issues When computing compensation for employees and shareholders, S corporations may run into a variety of issues. The information below may help to clarify … Continue reading →
Posted in 1040 Personal Income Taxes, 1120 S Corporation Taxes, IRS, Small Business
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Common Small Business Mistakes
According to the U.S. Small Business Administration (SBA), a small business is one that employs fewer than 500 employees, a definition that applies to a wide swath of companies. In fact, the SBA says that small businesses account for 99.7% … Continue reading →