Tag Archive | "Tax"
Business Tax Planning,Financial Planning,Tax
In addition to extending the Bush tax cuts, providing relief from the AMT, and cutting the payroll tax by two percentage points, the recently enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (Tax Relief Act) extends a host of other important tax breaks for businesses and individuals. I’m writing to give you an overview of these key tax breaks that were extended by the new law. Please call our office for details of how the new [Read More...]
Tax
A Primer on the Extension of the Bush Tax Cuts25 Feb
The Bush tax cuts refer primarily to tax changes in two major pieces of legislation back in 2001 and 2003: the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA).
Business Tax Planning,Construction
Construction Contractors – To Change or not to Change07 Jan
In certain cases, construction contractors may want to consider changing tax accounting methods to accelerate deductions or defer income. The CPAs at HBK advise Southwest Florida, Fort Myers and Cape Coral area clients with business tax planning advice.
Tax
Is There a Deal on Taxes?10 Dec
On December 6th President Obama announced an agreement with Congressional Republicans on a two-year extension of the Bush tax rates and the extension of several other tax cuts. However, the House Democratic Caucus announced on December 9th that they would not support the tax cuts. Here are terms of the proposed Obama - GOP agreement.
Business Tax Planning,Tax
Overview of the tax provisions in the 2010 Small Business Jobs Act27 Sep
The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business, paid for with various revenue raisers. Here's a brief overview of the tax changes in the new law.
Tax
Tax-Exempt Organizations Must File Form 990 by October 1517 Sep
Every tax-exempt organization (other than churches) is now required to file a Form 990 series tax return, including the smallest organizations.
Business Tax Planning,Tax
Creating S Corporation Basis Before Year-End19 Aug
Business tax tips - techniques for creating additional basis in an S Corporation from Mark Giallonardo, a Principal in Hill, Barth & King's tax department.
Business Tax Planning,Tax
Tax Law Changes for S Corp E&P Distributions04 Aug
With the expected increase in tax on dividends, we suggest that you consider distributing your E&P in 2010. There are many relevant considerations when deciding to distribute E&P.
Business Tax Planning,Manufacturing,Tax
Year-End Inventory Write-Down26 Jul
Whether a taxpayer may “write-down” year-end inventory depends upon 1) the inventory method chosen and, 2) the type of inventory involved.
Business Tax Planning,Construction,Manufacturing,Tax
Forklift Fuel Credit15 Jul
One of the most commonly missed tax credits for Construction and warehouse activities is
the Alternative Fuel Tax Credit” for taxpayers that use propane powered forklifts.