Fixed assets: should your business purchase them this year? Bonus depreciation is a tax incentive that allows small- to mid-sized businesses to take a first year-deduction on purchases of qualified business property in addition to other depreciation. How bonus depreciation works Generally, the point of depreciation is to spread out the cost of fixed assets [...]
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Deductions for business meals are back on the table. Allaying initial fears, the IRS recently provided clarification concerning food and beverage deductions under the Tax Cuts and Jobs Act (TCJA) in Notice 2018-76. Based on this guidance, many of your business clients may still qualify for some write-offs. Significantly, the TCJA eliminated the traditional 50% deduction [...]
View Our Schedule Of Classes Here Are you thinking of starting a business or have you recently started one? Do you own an existing business that could use a little more organization? Are you thinking of purchasing Quickbooks but don’t know if it’s right for you? If you answered yes to any of these questions, we [...]
Have you been paying more than $300.00 for small business partnership, s-corporation, or c-corporation tax preparation? If you answered yes, you have been paying to much. Tax Management & Financial Horizons offers a guaranteed not to exceed the price of $270.00 for small business partnership, s-corporation, and c-corporation tax returns! Does your accountant care about [...]
Under an updated contingency plan covering the upcoming filing season, the IRS is recalling 57% of its workforce to handle tax season duties. Temporary funding for the IRS for fiscal year 2019 expired at midnight on Dec. 21. Since then, the IRS has been operating under a contingency plan. That plan furloughed 88% of its workforce, and only [...]
IRS Accepts Between These Dates 1/21/19 - 1/25/19 1/28/19 - 2/1/19 2/4/19 - 2/8/19 2/11/19 - 2/15/19 2/18/19 - 2/22/19 2/25/19 - 3/1/19 3/4/19 - 3/8/19 3/11/19 - 3/15/19 3/18/19 - 3/22/19 3/25/19 - 3/29/19 4/1/19 - 4/5/19 4/8/19 - 4/12/19 4/15/19 - 4/19/19 4/22/19 - 4/26/19 4/29/19 - 5/3/19 5/6/19 - 5/10/19 5/13/19 - [...]
Did you pay more than $200.00 to file your tax return last year? If you have been paying more than $200.00 to file your tax return you have been paying too much! We offer ONE fixed price not to exceed $145.00 GUARANTEED. Have you been paying additional fees to have your tax preparation fees taken out [...]
The greatest compliment that you can give Tax Management & Financial Horizons and our staff, is a positive referral to others. We appreciate you and want to say thank you for your business and trust. When a friend or family member you refer to Tax Management & Financial Horizons as a new client makes an appointment, [...]
With the new tax laws claiming to be easier to prepare tax returns, do you think you are ready to prepare your own return? If you answered yes, do you know where to start and which software you will need? If you want to file using one of the various free software’s available but not sure where [...]
A client recently commented that she was irritated by her employer changing the employer sponsored health insurance plan. Before the change her annual deductible was $500.00 and now it was increasing to $2,400. She was concerned due to the amount she owed the hospital for a recent surgery. I asked if she had a Health Savings [...]