Archive

25Nov2014

Year-End Planning Strategies to Lower Your Taxes

  Article Highlights Retirement Plan Strategies Deduction Strategies Gifting Strategies Charitable Contribution Strategies Low- & High-income Year Strategies   The following is a checklist that might help you save taxes if you act before the year’s end. Not all strategies will apply to everyone, but many clients will benefit from more than one item. Not
  • 25 Nov, 2014
  • Haley Spain
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20Nov2014

Six IRS Tips for Year-End Gifts to Charity

Many people give to charity each year during the holiday season. Remember, if you want to claim a tax deduction for your gifts, you must itemize your deductions. There are several tax rules that you should know about before you give. Here are six tips from the IRS that you should keep in mind: 1. Qualified
  • 20 Nov, 2014
  • Haley Spain
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18Nov2014

Writing Off Your Start-Up Expenses

Article Highlights: Startup expenses first-year write off Expense amortization First-year write-off limitations Qualifying expenses   Business owners, especially those operating small businesses, may deduct up to $5,000 of their start-up expenses in the first year of the business’s operation. This is in lieu of amortizing the expenses over 180 months (15 years).   Generally, start-up
  • 18 Nov, 2014
  • Haley Spain
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11Nov2014

Avoid Tax Surprises: Report Life Changes to the Marketplace

Article Summary: Reasons for reporting life changes to the insurance marketplace Changes that should be reported How to report changes Applying for 2015 coverage If you are enrolled in insurance coverage through a government Health Insurance Marketplace, it is important that you report certain changes to the marketplace when they happen, such as changes to
  • 11 Nov, 2014
  • Haley Spain
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04Nov2014

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At WM. F. Horne & Company, it is our responsibility to understand your business from the ground up, to gain insight into your changing needs, to forge long-term relationships built on integrity, quality, teamwork, harmony, commitment and innovation, and to deliver solutions that fully prepare you to meet the challenges unique to your business.  Our
  • 4 Nov, 2014
  • Haley Spain
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03Nov2014

Ever Wonder What a Tax Deduction Might Save You?

    Article Highlights: Non-business deductions AMT Tax bracket Above-the-line deductions Business deductions Taxpayers frequently ask what benefit is derived from a tax deduction.  Unfortunately, there is no straightforward answer.  The reason the benefit cannot be determined simply is because some deductions are above-the-line, others must be itemized, some must exceed a threshold amount before
  • 3 Nov, 2014
  • Haley Spain
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