Sageworks Blog

Dec 05, 2012 15:22

Samuel C. DiSalvo, director of the tax practice for Rochester, N.Y., accounting firm Freed Maxick CPAs, PC, says that notwithstanding the uncertainty associated with lawmakers’ year-end deadline to avoid the so-called fiscal cliff, businesses and individuals can take steps before Dec. 31 to plan ahead. Here are five things DiSalvo says businesses and individuals should consider: [More]

Nov 14, 2012 08:48

Chris Frederiksen, chairman and CEO of the 2020 Group and a partner of ProfitCents, recently spoke with Accounting Today and suggested what accountants can do now to prep for a more successful 2013 tax season. [More]

Jul 11, 2012 14:28

The year 2012 began with the fate of the "Bush-era" tax cuts uncertain, and no resolution appears in sight. The Congressional Budget Office has estimated that extending all of the "Bush-era" tax cuts would cost $2.84 trillion over 10 years. Democrats and Republicans remain far apart on whether to extend all or some of the "Bush-era" tax cuts and other tax incentives scheduled to sunset after 2012. Reaching an agreement between the Democrats and Republicans before the November elections is not likely. The likelihood of a lame-duck Congress deciding the fate of the "Bush-era" tax cuts is increasing daily. Also growing daily is the uncertainty many taxpayers face in tax planning for 2013 and beyond. -- Guest post by Lori Figlioli of Alpern Rosenthal. [More]

Jul03

The health care ruling's upside for private companies Mary Ellen Biery [email] Research Specialist

Jul 03, 2012 10:41

Thursday's U.S. Supreme Court ruling is reviving impassioned discussions about whether President Obama's health care law will be positive or negative for businesses, especially smaller ones. And while those debates will continue for months or maybe years, one immediate, positive impact on owners of privately held businesses is that they know more about what to expect in the short term, said Brian Hamilton, co-founder and CEO of Sageworks Inc. [More]

Dec12

Five legal tips for a happy new year Mary Ellen Biery [email] Research Specialist

Dec 12, 2011 12:29

The IRS audits a higher percentage of businesses with assets below $50 million than businesses above that level, according to data from Syracuse University. With that in mind, and with 2012 fast approaching, now's a good time for small businesses to consider an end-of-year legal review to pinpoint and improve areas of potential risk, according to online legal-help company Rocket Lawyer.
[More]

Nov 08, 2011 14:22

Thinking about taxes now may be scary for some business owners, but Paul Etzler says that with a little planning now, business owners can ensure they take advantage of all of the appropriate deductions and credits for the 2011 tax year. [More]