Part 3 of 3: Fiscal Cliff and Tax Planning for Small Businesses
2012 Year-End Tax Planning for Small BusinessAs a taxpayer, you are facing what is perhaps an unprecedented set of circumstances – the expiration of the tax rates enacted in 2001, the expiration of more than [...]
Part 2 of 3: Fiscal Cliff and Year-End Tax Planning for Individuals
Year End Tax Planning for Individuals As a taxpayer, you are facing what is perhaps an unprecedented set of circumstances – the expiration of the tax rates enacted in 2001, the expiration of more than 150 [...]
Part 1 of 3: Fiscal Cliff and Tax Planning for Medicare Surtax
The Medicare SurtaxDramatic tax increases scheduled to go into effect in 2013 make 2012 tax planning imperative. The following taxes may be impacted:·        Not only are the Bush Administration tax cuts set to expire, but [...]
Bonus Depreciation & Section 179 Depreciation Deduction Rules for 2012
Taxpayers may want to consider making fixed asset purchases before December 31, 2012 to take advantage of two accelerated depreciation options:1.     Bonus Depreciation: For most qualified property placed into service in between January 1, 2012 [...]
Here is a list of 10 deductions individual taxpayers may overlook
Now that all the 2011 tax deadlines have passed, it is a perfect time to start planning for the next tax season.Here is a list of 10 deductions individual taxpayers may overlook provided by Bankrate.com:Additional [...]
Local Culinary Program Worth Our Weight Continues to Fulfill Dreams
Linkenheimer LLP is proud of the support it offers to all of the employees who volunteer their time to community organizations and activities. It is especially gratifying to see a local non-profit achieve success and [...]
A letter from the CA-FTB: Form 1099-MISC – is it enough?
 Form 1099-MISC – is it enough?It is well known that Form 1099-MISC, Miscellaneous Income, is used to report to both the Internal Revenue Service (IRS) and FTB payments of miscellaneous income. A common type of miscellaneous [...]
2012 Year-End Tax Planning Takes a Different Direction
Each year we meet with our clients to review their projected taxes for the year and see what actions can be taken to minimize their tax liability. Â The usual actions are to defer income to [...]
Small Business and the IRS’ New 401(k) Rules Regarding Fees
There have always been fees charged to 401(k) plans. However, many employees don’t know these fees exist, or exactly how much they affect retirement savings. A new federal rule requires plan providers to report these [...]
CA sales tax will be added to online purchases (Amazon, etc) starting 9-15
CA sales tax will be added to all Amazon.com purchases starting Sept. 15th!Beginning on Sept 15th, Amazon.com will assess sales tax to all California residents purchasing items from their website. This law has come about [...]