Mike's weekly post usually concentrated on tax saving strategies.
Working late? Give yourself some tax perks...
Do you find yourself often burning the midnight oil at the office? It takes long hours and hard work to make a business a success.
Here are three common options to get the most out of working late... from a tax perspective.
Zero Percent Tax on Capital Gains?Zero Percent Tax on Capital Gains?
Yes, Assuming you've held the property longer than a year (i.e., a long-term gain), the federal capital gains tax rate is 0% for taxpayers on gains that fall within the 10% and 15% tax rackets.
As you look for year-end tax moves to save on your bill from Uncle Sam, you may consider selling stocks that have lost value. This can be a great strategy when up to $3,000 in stock losses can offset your ordinary income. However, there is a little known rule called the Wash Sale rule that could surprise the unwary taxpayer.
December 18, 2013 - DiSabatino, CPA is proud to report that we passed our peer review process with the highest scoring level, a pass.
A Peer Review is a systematic review of a firm's accounting and auditing services performed by a peer reviewer who is unaffiliated with the firm being reviewed to ensure work performed conforms to professional standards.
Everyone wants to save taxes. Well here is a solution to defer taxes, which in the long run may save you taxes - feel free to contact us to learn more about the basic strategy of retirement planning.
Strategy: Set up a solo 401(k) plan. Due to special tax rules, you can contribute more to this type of plan than other comparable retirement plans. In fact, a solo 401(k) offers an unprecedented tax-saving opportunity for a married couple working together.
