Blog Detail
Tax News from Yellis and Foley
http://yellisandfoleycpas.com/news/
Yellis and Foley cover the latest in tax news that affects individuals and small businesses.
- Added on: Oct 27th, 2009
- Country: United States
- Language: English
- Author: Nathanael Yellis
- Listed in: Business News & Media
- Tags: small business business advice taxes accounting tax
Recent Posts
Year End: Business Tax Planning
Bonus Depreciation Congress adjusted depreciation rules for 2009 to give businesses the incentives to invest in equipment and other capital purchases. Thus buying assets and putting them into use this year can result in huge write-offs. The 2009 bo...
Year End: Self-Employment & Estimated Taxes
People whose taxes are not withheld in regular wage checks must make estimated tax payments. This applies to business owners and the self-employed. The IRS assesses penalties for underpayment of taxes throughout the year. You should be safe if you'...
Year End: Individual Tax Planning
This week, we're posting advice for year end tax planning. If you think one of the topics could help your tax situation, do additional research or contact your tax professional. We're standing by to answer any questions you've got. --Y&F New Ca...
Golf Cart Tax Credit
The IRS has approved some golf carts for an alternative energy income tax credit. Buyers of an approved vehicle get a base credit of $2500 plus an additional amount depending on the vehicle. To be eligible, carts have to meet the safety standards r...
IRS Audit Logic
The GAO, a federal inspection agency, recently found that IRS audits of sole proprietors yields less revenue per hour than IRS audits of other entities. This is because sole proprietors generally have lower gross receipts than other entities, such ...
Electronic Filing
Here at Yellis & Foley, we use E-File for most of our clients' tax returns. We've found the service to be more efficient and less of a hassle, both for us and our clients. We still provide each client with a paper copy of their return--but they...
