Income Tax Preparation, Accounting and Payroll service by Don Brooks & Associates - Don Brooks Associates, Inc.
We don't want to rush you but you have:
left until your taxes are due
left until your taxes are due
Don Brooks & Associates, Inc.
481 Buckland Rd
Post Office Box 605
South Windsor, CT 06074
Phone: 860-648-4002
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Tax Tips Small Business
Determining Qualified Business Expenses
Be sure to deduct every legitimate expense
Amounts you spend in the course of conducting business are generally deductible from the gross income of that business. This includes any start-up expenses. You can claim amounts spent for items ordinary and necessary in your trade or business as a deduction against your income. Otherwise, the amounts are amortized, depreciated, or expensed depending on the nature of the purchases.
Read more...Small Business Quick Tip
| Employer-provided education assistance benefits of $5,250 provided under a written plan are excludable from wages. The education doesn't need to be job-related to qualify. |
Wednesday, 22nd February 2012
Tax Tips Personal
Divorced?
Know the rules before claiming a dependentIf you are a divorced or separated parent, the rules for determining which one of you can claim the children as dependents is confusing at best. A few years ago, the IRS created rules that provided a uniform definition of a child for purposes of claiming certain tax benefits such as the head of household filing status, the child tax credit, the dependent care credit, arid the earned income tax credit. Read more...
Personal Quick Tip
| Not only will you save money at the pump if you buy a hybrid vehicle, you may be eligible for a credit on your income tax return. |