1099
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Available now – Your business may qualify for a health care tax credit
November / December 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1099
Abstract: Many of the changes inherent in the Patient Protection and Affordable Care Act (PPACA) don’t take effect for several years. But one significant tax break is available now: a tax credit designed to encourage small businesses to offer or maintain affordable health insurance for their employees. This article explains the details of this credit, and how to determine whether a particular business qualifies. A sidebar offers an example of the calculations for one fictitious company.
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Until death … Postmortem strategies to reduce estate taxes
January / February 2010
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 1099
Abstract: Many people worry about not having an estate plan or having one that isn’t meeting all of their objectives. With ever-changing estate tax laws and the possibility that other unexpected situations may arise, it’s not unusual to be concerned about the strength of one’s estate plan. But one shouldn’t worry too much. This article offers a number of strategies a surviving spouse, executor or beneficiaries can implement after a loved one’s death.
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An NOL is nothing to LOL about – Fortunately, a tax break is available
June / July 2009
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 1099
Abstract: In Internet parlance, “LOL” is a commonly used abbreviation for “laughing out loud.” In tax parlance, an NOL — or net operating loss — occurs when a company’s allowable deductions for the tax year exceed its gross income. An NOL is obviously nothing to LOL about. Fortunately, the federal tax code allows a deduction for NOLs that recently has been enhanced for smaller companies. But is it better to carry the loss back as far as possible, and carry any remainder forward? Or is it better to just carry the entire amount forward? This article looks at the ins and outs of this valuable tax break. Also, a sidebar explains that recent legislation has extended the Section 179 initial-year expensing election — so now might be a good time to buy new assets.