Tax

Tax Season Reminders

IRA Contributions If your contribution will be tax deductible, consider making a 2014 contribution to a traditional individual retirement account (IRA) by April 15, 2015. Contributions of up to $5,500 ($6,500 for individuals age 50 or older) to a traditional individual retirement account (IRA) are potentially deductible on your 2014 return. AGI-based limitations apply if […]

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Tax Report Newsletter – November 2014

    Articles in this issue include:   Small Business Retirement PLans Does your business offer a retirement plan? Whether you’ve recently started a business or have been operating one for some time, setting up a retirement plan can be beneficial to both you and your employees. Deferring Taxes with a Like-kind Exchange If you […]

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2014 Tax Pocket Guide

Our 2014 Tax Pocket Guide provides a concise chart of the most common tax rates for individuals and businesses and is a helpful resource in estimating income taxes. 2014 Tax Pocket Guide We can help plan a strategy to minimize taxes for the coming year, as well as develop a long-term tax strategy to help […]

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Safe Harbor Election

Safe Harbor Election Allowing Deduction of Amounts Paid to Acquire or Produce Property   Taxpayers often like to expense the cost of small fixed assets acquired during the year due to the recordkeeping cost.  Now the IRS provides a procedure that will allow a business to expense small asset acquisitions without the concern that the […]

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