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
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Tax Tips Small Business
New Rules for Spouses Who Operate a Business Together
Do you qualify for simplified reporting?Spouses who operate a business together have a new option for reporting their business income. In the past, husband and wife joint owners were considered a partnership for reporting purposes. New rules, which took effect this year, give spouses the option of reporting their business income as two separate sole proprietorships. Read more...
Small Business Quick Tip
| Instead of deducting the actual expenses for the business use of your vehicle, opt for the standard mileage rate. In 2011, you can deduct 51 cents for each business mile you drive (55.5 cents per mile starting July 1, 2011). |
Wednesday, 22nd February 2012
Tax Tips Personal
Public Safety Officers Get a Tax Break
Tax savings for health care costsBeginning in 2007, retired public safety officers, or those who have separated from service due to disability, get a tax break for health care costs. If you are a retired public safety officer, Read more...
Personal Quick Tip
| You can actively participate in your employer's qualified plan and may still be able to contribute to a Roth IRA. A deduction for contributions to a traditional IRA may be limited or nondeductible if you are a participant in a qualified retirement plan. |