Tips for Year-End Charitable Giving

If you are considering making contributions to a charity, you should keep in mind several important tax law provisions that have taken effect in recent years. Special Charitable Contributions for Certain IRA Owners This provision, currently scheduled to expire at the end of 2011, offers older owners of individual retirement accounts (IRAs) a different way […]

Yearend Tax Planning

As the end of the year draws near, small business owners need to review their tax-planning strategies.  It is important to understand what tax planning strategies you can still take advantage of, both personally and on the business side, before the end of the calendar year. Given that so many small businesses are organized as […]

Tax Tips for Professionals

Hoping to lower your tax bill?  Many professionals miss tax deductions each year because they aren’t aware of them or fail to keep the necessary records required to substantiate such deductions.  Below are some of the tax deductions that are often missed. 1. Local transportation: Professionals can deduct the costs of local transportation expenses if […]