Category Archives: Tax Write Offs

Businesses have additional incentive to purchase machinery, equipment, and various other assets this year

Tax Breaks for Caregivers

Tax Breaks for Caregivers, at some point in your life, you may find yourself caring for elderly parents or other relatives. Or you may be doing it now. Whether it's hands-on care or financial aid only, providing care may allow you to take advantage of certain tax breaks. Dependency exemption. The person you are caring…
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Don’t Be Caught by Surprise

Don't Be Caught by Surprise, for much of 2012, uncertainty about the fate of various favorable tax law provisions set to "sunset" at the end of the year has complicated tax planning. Although the situation may change, as this article goes to press, taxpayers are still waiting for answers from lawmakers and weighing what planning…
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Generous Write-Offs Available For Equipment Purchases

Generous Write-Offs Available For Equipment Purchases, businesses have additional incentive to purchase machinery, equipment, and various other assets this year. In a bid to increase business spending on capital investment, Congress has added new incentives as part of the 2010 Tax Relief Act. Equipment Purchases 100% Write-off The new law allows businesses to write off…
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