WM. F. Horne | November 2014

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

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

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

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

04Nov2014: Download Our Mobile App Today!

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

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

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