Whether you file as a corporation or sole proprietor here’s what business owners need to know about tax changes for 2014.

Standard Mileage Rates 
The standard mileage rates in 2014 are as follows: 56 cents per business mile driven, Continue reading Review: 2014 Tax Provisions for Businesses →

From tax credits and educational expenses to the AMT, many of the tax changes affecting individuals for 2014 were related to the signing of the American Taxpayer Relief Act (ATRA) in 2013–tax provisions that were modified, made permanent, or extended. With that in mind, here’s what individuals and families need to know about Continue reading Review: 2014 Tax Provisions for Individuals →

While the fate of several business-related tax extenders such as R & D credits, bonus depreciation, and Section 179 expensing that expired at the end of 2013 is uncertain, there are still a number of end of year tax strategies businesses can use to reduce their tax burden for 2014.

Purchase New Business Equipment Continue reading 2014 CFO Year-End Tax Planning for Businesses (HubCFO CFO Services) →

Once again, tax planning for the year ahead presents more challenges than usual, this time due to the numerous tax extenders that expired at the end of 2013.

These tax extenders, which include nonbusiness energy credits and the sales tax deduction that allows taxpayers to deduct state and local general sales taxes instead of state and local income taxes, may or may not be reauthorized by Congress and made retroactive to the beginning of the year. Continue reading Year-End Tax Planning for Individuals →

If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are six tips you should know about income from self-employment: Continue reading 2014 Tips for Self-Employed Taxpayers →

This year’s tax deadline may have come and gone, but it’s never too early to start planning for next year or to think about setting up a smart record-keeping system. With that in mind, here are seven things you can do now to make next April 15 easier. Continue reading Start Planning Now for Next Year’s 2015 Tax Return →

Hot off the presses!  Your preparer’s Software may not include these late changes.

I suggest calling with all questions!

Thanks to the passage of the American Taxpayer Relief Act of 2012 (ATRA) in January 2013, several tax provisions were extended through 2013 that are of benefit to taxpayers filing 2013 returns this year. Here are six of them: Continue reading Six Tax Changes Benefiting Taxpayers in 2013 →