Posts Tagged ‘year-end’
The SECURE ACT – New Rules for Retirees
New Law Extends Key Tax Breaks into 2020 — aka How Congress tries to upset your year-end planning Just when it seemed like Congress was too distracted by impeachment proceedings and national security to worry about taxes, they throw curveballs into our year-end tax planning. The Extenders and Secure (Retirement) Act are just a…
Read MoreChristmas giving and tax deductions
In the case of non-cash charitable gifts you need to be careful not to fall into several tax traps that may limit your deduction.
Read MoreCommon sense year-end planning
7 last-minute tax moves for your business Postpone invoices. If your business uses the cash method of accounting, and it would benefit from deferring income to next year, wait until early 2019 to send invoices. Accrual-basis businesses can defer recognition of certain advance payments for products to be delivered or services to be provided next…
Read MoreSummary of key provisions of tax reforms
Remember our “95% rule” in your 22017 planning
Read MoreWill you get a tax cut next year?
Will you get a tax cut next year?
Read MoreShould you buy a business vehicle before year end?
Our advice on buying a business auto now or next year
Read MorePeachtree users – Here’s how to add the owner’s health insurance to the W-2
Clients with S-Corps – Don’t forget that you cannot deduct your health insurance costs without loading them onto your W-2. Here’s how to do it. [gview file=”https://elitecpatax.com/images2/peacthreeW-2Health.pdf”]
Read MoreAnother Peachtree tip for year-end accounting
When moving to the beginning of your tax year in Peachtree Accounting, be sure to adjust for the new state unemployment rate. This will insure the accuracy of Peachtree’s calculation of the amount you’ll pay at the end of the first quarter.
Read MoreHow to safely close the year in Peachtree Accounting
For our clients using Peachtree Accounting: If you own one of the Premium versions of Peachtree Accounting, you’ll get the following screen during the year-end close at period 24. By checking the Archive Company box, you’ll cause the system to create an extra company and preserve the ability to view all reports of prior…
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