July 2016 - Philadelphia CPA
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July 2016

If you take the proper tax planning actions in reference to your rental property or office building,  you can put more cash in your pocket with the following 4 tax reductions strategies:Accelerate depreciation on certain components of the building identify repairs allocate less to land retire old building...

Let's start with this most important statement of fact. All the numbers included in your tax return are your responsibility. You create the numbers, not your accountant or CPA. You are required to have adequate documentation for your tax return. When you sign your return,...

The sole proprietorship (SP) is the simplest form of doing business. No tax ID# or Employer Federal ID# is required. All of your income and expenses for your business are reported on Schedule C of your Form 1040 Tax Return-therefore, no extra return is required...