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Year end tax planning checklist for individual taxpayers

Dec 10,2017 at 08:43 pm

Year-end tax planning checklist for individual taxpayers

  1. Retirement distributions and contributions: Plan your final contributions to employer-sponsored 401k plans, retirement contributions to Roth, Traditional IR...

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Holiday Gift Giving and Tax Deductions

Dec 10,2017 at 06:07 am

For Business owners: You can deduct as many business gifts as you like. The amount of deduction is limited to $25 per gift recipient per year. So if you gift to six different people, the total business tax deduction would be $150.

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5 easy steps to getting your business accounting ready for tax time

Nov 30,2017 at 07:25 pm

  • Bank and credit cards: Keep your year to date bank and credit card statements ready for tax time. The accounts should be reconciled and match the final balances in your accounting software.
  • Business loans: [Read More]

Is your new iPhone X eligible for tax deductions?

Nov 23,2017 at 04:52 am

iPhone X and iPhone 8 are going to be the most popular items on sale during the upcoming holiday season.  One of the questions we do receive at the time of tax filing relates to phone upgrades and tax deductions. This article provides useful tax tips regarding your eligibility.

There are ...

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Should a tech startup incorporate as an LLC, a C-Corp, or an S-Corp? If so, why?

Oct 31,2017 at 05:32 am

In general, the majority of tech startups choose C Corporation if they plan on raising venture capital. They are incorporated in Delaware and also have another entity in CA or the state they are physically located.

We also see many S Corporations especially technology consulting businesses...

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