Balance in business... in life!

Business Tax

Minimize 2013 Income Tax Now. Don’t Wait Until April 15th.

If you wait until April 15th to try and reduce your 2013 income tax, there will be very few things you can do.  Now, before December 31st, review your situation and take action to minimize your 2013 income tax. Unlike the end of 2012, Congress isn’t still debating tax law changes. We know what the…

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Equipment & Property Purchases: Expense or Capitalize?

You just purchased computer equipment. Can you expense the purchase this year? Or must you capitalize the purchase? T.D. 9636 came out in September 2013 and was published in Internal Revenue Bulletin 2013-43 on October 21, 2013. It “contains final regulations that provide guidance on the application of sections 162(a) and 263(a) of the Internal…

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