Tag Archives: tax tip

FEDERAL INCOME TAX OUTLOOK

“How will taxes impact me & my business in 2012?” “What about 2013?” Continue reading

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Investing Tip #1 – Revisited for year end

Considering all the volatility over the last few weeks, here are some thoughts to consider investing today, that our parents may not have taught us.
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Education Tax Deductions, Part II

Here is a brief overview of two deductions and how they can be a real benefit to help ease the burden of higher education costs.

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Money Tip – Investing 101 #4

Considering all the volatility over the last few weeks, here are some thoughts to consider investing today, that our parents may not have taught us.

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IRA Terms You Sould Know

There were a lot of discussions this recent tax season regarding the tax law changes on Roth conversions. Those conversations will likely continue this year, as some changes to your new Roth can be made through October 2011.
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Paying Wages to Your Children

Payments for the services of a child under the age of 18, who works for his or her parent in a trade or business, are not subject to Social Security, Medicare, and North Carolina Unemployment taxes, if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child.
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NC Small Business Tax Break – New Law

With the passing of the state’s new $19.7 billion budget, the North Carolina General Assembly passed a new law that will allow North Carolina companies to deduct the first $50,000 in net business income from their taxable income on the state return. Continue reading

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Are You Getting the Credits You Deserve?

Tax Deductions are good….Nonrefundable Tax Credits are better….and Refundable Credits are great! Continue reading

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How To Speed Up A Tax Refund

Strategy: E-file your return. Continue reading

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Home Office Deduction

We often hear people say they do not want to take the home office deduction because it is an audit “red flag.” However, this feeling may lead to missing out on a potentially significant and legitimate deduction.

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