Minnesota’s newly-created angel tax credit creates a refundable reduction in a taxpayer’s income taxes by 25 percent of a qualifying investment.
If your tax preparer is offering advice solely to provide deductions or defer income, then your overall financial goals may not be met.
If you are assessing the business obstacles of the immediate future, don’t overlook the importance of sales and use tax compliance.
If you plan to retain a contractor or consultant for several months or even a year, the beginning and ending dates should be outlined in the contract.
Business owners may find an investment in a tax cost-segregation study to be valuable if they own or are about to acquire a building or other equipment.
A financial software package, used properly, can simplify business management and increase your peace of mind.
While operating losses are rarely the goal, for some they are the surest path to needed cash.
Start tracking these ‘blue sky’ assets this quarter to profit from your sweat equity and ingenuity in the near and distant future.
Whether a person is self-employed or an employee, a home office does not have to be a separate room in the home to qualify.
Beginning with 2010 tax returns, the deduction is fully phased in. This makes the potential deduction greater and harder than ever to pass up.
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