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Tax planning and tax preparation are our specialties. Tax law revisions
have complicated rather than simplified the taxation process. We
understand the system and stay abreast of changes. Click here to view
our online newsletter.
- Deferred compensation - 401(K)s, SIMPLES, and SAR-SEPs - are a
great tax break for employees. Establishing such plans' contributions as
a percentage of income (as opposed to a flat dollar amount per pay
period) guarantees that contributions will rise as income increases.
- Any change in status - marriage, remarriage, divorce or retirement -
demands a review of income tax consequences.
- Downsized employees must review the tax consequences of positions as
independent contractors. Tax
and Financial Issues Related to Loss of Employment PDF file.
- Business Property Depreciation. Generally, businesses can elect
to deduct immediately the cost of qualifying property in the year
it is placed into service. However, keep in mind that this
"immediate expensing" deduction is limited to certain
depreciable property in the business.
If you have a specific tax-planning question you would like us to
research contact us.
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