Start Planning for Next Year’s Individual Tax Return Using this Year’s Return

By Dana McGuffin | May 2, 2016 | Comments Off on Start Planning for Next Year’s Individual Tax Return Using this Year’s Return
Individual Tax Return

Whew! You filed your individual tax return and now you’re ready to forget all about taxes until next year. Not so fast! Your 2015 tax return is a great tool to help you plan for 2016. Here’s what to look at. Review your withholding. If you owed tax this year or received a large refund,…

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Tax News – 2016 Tax Changes to Note

By Dana McGuffin | March 12, 2016 | Comments Off on Tax News – 2016 Tax Changes to Note
2016 Tax Changes

2016 tax changes you need to know about: Effective beginning with 2016 taxable years, the de minimis tangible property safe harbor has increased to $2,500 per invoice or item. The change affects regulations issued in 2013 that clarified when your business could expense tangible real and personal business property. Previously, the de minimis safe harbor…

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