As the year ends, that is not the only thing that ends – both the fifty percent bonus and Section 179 expense writeoffs also bite the dust unless Congress extends them. See more details in this post in CFO by David M. Katz: http://ww2.cfo.com/tax/2013/12/buy-equipment-tax-breaks-end-adviser-says/ Now just remember that Congress can extend these provisions up until the end of 2014 (or beyond – remember New Years Day 2013 for the last extender extension.) Now of course no one wants this to go on for the whole year, so I am sure they will not wait this long again and will get it done as soon as politically expedient (I mean convenient, oh, I don’t know what I mean) but if not, there may still be some time to get all this done. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Musings of a CPA in Los Angeles: 6 End of Year Questions for Your Tax Preparer.
As we get closer and closer to the end of the year, the time has come to do some planning to cut taxes; this is done best before the year closes (looking at things next year are usually too late!) With that in mind, here are some things to ask your tax preparer to get ready for tax season; written by Laura Shin in the personal finance section of Forbes: http://www.forbes.com/sites/laurashin/2013/12/10/6-end-of-year-questions-to-ask-your-tax-advisor/2/ We can talk about these and other questions – just give me a call or email me and ask away. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
California CPA Musings: Top Ten Tax Stories of 2013
Ok, Taxpayers, here we go – the editors of AccountingToday have listed their ‘top ten tax stories of 2013′ (say that fast ten times): http://www.accountingtoday.com/gallery/the-top-stories-in-tax-in-2013-68951-1.html I have lots of trouble with tongue twisters myself, but I agree that these are definitely the big tax stories of the year (in addition to the news that tax preparation fees are going to go up this year because of what happened in these stories) so make sure you get your money’s worth when you get your appointment set up. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa