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4
Jan
2017

2017 Q1 Tax Calendar: Key Deadlines For Businesses And Other Employers

4.01.2017

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January

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20
Dec
2016

Want To Save For Education? Make 2016 ESA Contributions By December 31

20.12.2016

There are many ways to save for a child’s or grandchild’s education. But one has annual contribution limits, and if you don’t make a 2016 contribution by December 31, the opportunity will be lost forever. We’re talking about Coverdell Education Savings Accounts (ESAs). How ESAs work With an ESA, you contribute money now that the

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15
Dec
2016

Why Making Annual Exclusion Gifts Before Year End Can Still Be A Good Idea

15.12.2016

A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate tax at death. There are many ways to make tax-free gifts, but one of the simplest is to take advantage of the annual gift tax exclusion with direct gifts. Even in a potentially changing estate

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6
Dec
2016

Can You Pay Bonuses In 2017 But Deduct Them This Year?

6.12.2016

You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year if the bonuses are paid within 2½ months after the end of that year (by March 15 for a calendar-year company). But this favorable tax treatment isn’t always available. For one thing, only accrual-basis taxpayers

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30
Nov
2016

Ensure Your Year-End Donations Will Be Deductible On Your 2016 Return

30.11.2016

Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your tax advantage. After all, you control exactly when and how much you give. To ensure your donations will be deductible on your 2016 return, you must make them by year end to qualified charities. When’s

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22
Nov
2016

Accelerating Your Property Tax Deduction To Reduce Your 2016 Tax Bill

22.11.2016

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the current year, accelerating deductible expenses into the current year typically is a good idea. Why? Because it will defer tax, which usually is

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21
Nov
2016

Year-End Tax Strategies For Accrual-Basis Taxpayers

21.11.2016

The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might enable them to save money on their 2016 tax bill. Record and recognize The key to saving tax as an accrual-basis taxpayer is to properly record and recognize expenses that were incurred this year but

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15
Nov
2016

A Brief Overview Of The President-Elect’s Tax Plan For Individuals

15.11.2016

Now that Donald Trump has been elected President of the United States and Republicans have retained control of both chambers of Congress, an overhaul of the U.S. tax code next year is likely. President-elect Trump’s tax reform plan, released earlier this year, includes the following changes that would affect individuals: Reducing the number of income

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15
Nov
2016

A Quick Look At The President-Elect’s Tax Plan For Businesses

15.11.2016

The election of Donald Trump as President of the United States could result in major tax law changes in 2017. Proposed changes spelled out in Trump’s tax reform plan released earlier this year that would affect businesses include: Reducing the top corporate income tax rate from 35% to 15%, Abolishing the corporate alternative minimum tax,

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