Sharp Thoughts

Tax Planning – 2014

Our year-end letter will be coming out in December to give you more information about tax changes for this year. We are still waiting on Congress to act or not act on many expired tax extenders. The most notable items for businesses are the bonus depreciation deduction and
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Mid-Year Update

Since not many bills are being passed these days in Washington, we are still waiting for any tax legislation that may be extended or changed.  The business section 179 deduction has decreased significantly from 2013 to 2014.  Without any change this could potentially cause small business to owe more tax.
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2014 Tax Reference

Have any questions about rates, tables, and figures for 2014? See the BNA Tax Reference. It will give you basic information on mileage rates, the standard deduction, personal exemptions, tax tables, and much more. One key difference from 2013 is the much lower limits on
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