Tax Day!!!! April 18, 2016
Posted on: April 18, 2016
Today is income tax deadline day. Tax Day April 18th, 2016. The last day to file your taxes, if you have not already filed a tax extension. If your business is seeking business tax or business accounting solutions, our experienced professionals can provide you with the expertise you are looking for. Visit us today at www.businesstaxpreparation.com to learn more about our full range of business tax and accounting services. Contact us by email at info@businesstaxpreparation.com or by phone at (866) 676-9417 to receive a free, no obligation consultation.
Tax Breaks Slide in Under the Wire!
Posted on: December 28, 2015
Tax Breaks Slide in Under the Wire! With less than two weeks to go in 2015, Congress gave both business owners and individual taxpayers a wonderful holiday surprise by passing an important piece of tax legislations. The PATH (Protecting Americans from Tax Hikes) Act, which was signed into law on December 18th, reinstated many important tax breaks that had expired at the end of 2014, making them retroactive to the first of the year. It extended some of the provisions of the original tax extenders legislation for periods of one to several years while making others permanent. In addition, it … Click to Read More
Research & Development Tax Credit
Posted on: November 10, 2015
Make Use of the Research and Development Tax Credit While big corporations like Boeing, Mattel, Caterpillar and Google are saving millions of dollars through the use of Research and Development tax credits, it is a tax saving opportunity that is often overlooked and underused by smaller businesses. In fact, research has shown that only about 5% of small and medium sized companies that are eligible for this tax advantage actually make use of it. What many of these companies fail to realize is that the Research and Development tax credit covers a broad range of improvements including making changes to … Click to Read More
Business Tax Extension Deadline on the Horizon
Posted on: September 9, 2015
Business Tax Extension Deadline on the Horizon With the business income tax extension deadline just around the corner, it is a good time to examine the issue of business tax compliance and its importance to the successful functioning of business entities of all types. Although the upcoming extension deadline applies specifically to income tax, businesses are responsible for paying numerous other types of taxes in addition to those based directly on taxable business income. Each of these, including sales, excise, payroll and international taxes, has their own reporting deadlines and filing requirements, making the job of business tax compliance both complex and demanding. Because of the … Click to Read More
Bill Changes Tax Deadlines
Posted on: August 10, 2015
New Bill Changes Important Business Tax Deadlines Business owners take note! A short term extension of the Highway and Transportation Funding Act, which was signed in to law by President Obama on July 31st, includes some important changes to business tax deadlines. Although the main focus of the bill was extending the use of funds earmarked for infrastructure and transportation which were scheduled to expire on August 7th, it also contained some important add-on provisions. In addition to extending the use of transportation funds through October 29th of this year, the new legislation modified certain mortgage and cost-basis reporting requirements … Click to Read More