Year End Tax Planning Strategies for Small Business

Post Date: December 22, 2015

As we approach the end of 2015, we are helping business clients anticipate what 2015 income will look like, what will their upcoming tax liability be, and what to do now in order to close out 2015 in the best tax position.  There are...

Year-End Tax Planning Strategies for Individuals

Post Date: December 22, 2015

Our previous blog discussed year-end tax planning for small businesses, noting that pass-through entities cannot accurately estimate their tax liability without first plugging in K-1 income and deductions to the owners’ 1040. This blog will focus on year-end tax planning for individuals; as business owners,...

Save tax — or at least defer it — by carefully timing business income and expenses

Post Date: November 4, 2015

The first step to smart timing is to project your business’s income and expenses for 2015 and 2016. With this information in hand, you can determine the best year-end timing strategy for your business. If you expect to be in the same or lower...

Gearing up for the ACA’s information reporting requirements

Post Date: October 20, 2015

Starting in 2016, applicable large employers (ALEs) under the Affordable Care Act (ACA) will have to file Forms 1094-C and 1095-C to provide information to the IRS and plan participants regarding their health care benefits for the previous year.