Are Casualty and Theft Losses Deductible?
Casualty and theft losses can be tax deductible but are hard to claim.
First you need to determine what is a casualty loss?
Read More3 ways to get started on next year’s budget
As the year winds down, business owners have a lot to think about. One item that you should keep top of mind is next year’s budget.
Read MoreIt’s time to “harvest” investment losses
If you hold investments outside of tax-advantaged retirement plans, you may be able to take steps before year end to reduce your 2016 tax liability
Read MoreMentoring can make your succession plan better
The owners of many companies launch their enterprises with a business plan — a written document outlining the company’s strategic objectives and pr
Read MoreThe tax-smart way to replace a business vehicle
Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars a
Read MoreDepreciation-related breaks offer 2016 tax savings on business real estate
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every y
Read MorePrivate foundations aren’t only for the rich and famous
If creating a family legacy of charitable giving is important to you, a private foundation might be the right estate planning vehicle.
Read MoreWhat the self-employed need to know about employment taxes
In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and self-employment income.
Read MoreUnderstanding the statement of cash flows
The statement of cash flows highlights the sources and uses of cash.
Read MoreGrantor and Crummey trusts can be good options to fund a grandchild’s education
Surviving Spouses as Sole Designated Beneficiaries of IRAs
Surviving spouses who are sole designated beneficiaries of a decedent's IRAs have two favorable options with respect to those IRAs that other benef
Read MoreNonprofits should look before leaping abroad
Many not-for-profits today look beyond U.S. borders to recruit members, sell products, promote conferences and solicit donations.
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