Income Tax Preparation, Accounting and Payroll service by Don Brooks & Associates - Don Brooks Associates, Inc.
Tax Preparation Services:
Business Tax Returns
A variety of small business tax returns are prepared each year.
Small business tax return preparation and filing instructions is yet another service we offer to our clients. Whether your company is a C Corporation, S Corporation, Limited Liability Company, Partnership or Sole Proprietor, a properly prepared tax return can be filed to minimize the tax owed. Over the years, 100's of small business Federal and State tax returns have been prepared for all types of companies.
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Tax Tips Small Business
Employee Meals: When Does the 50-Percent Limit Apply?
Don't reduce your deduction if you aren't required to
In most cases, an employer is only allowed to deduct one-half of the expense that is paid to employees for meals. However, in some instances, the full amount is allowed.
Small Business Quick Tip
| If you are disposing of property used in your business, you may want to consider a like-kind exchange to defer the taxable gain on the sale. |
Saturday, 19th May 2012
Tax Tips Personal
Money for College
Are scholarships taxable?Many college students receive scholarships or fellowships to help pay for their education. If you are in college and received a scholarship or fellowship grant, there are a few key points to keep in mind. Qualified scholarships and fellowships are treated as tax-free and not included in taxable income if all of the following conditions are met: Read more...
Personal Quick Tip
| Military personnel may elect to treat combat pay that is excluded from gross income as earned income in determining both eligibility for the earned income tax credit and the amount of that credit. |