Appreciating investments that don’t generate current income aren’t taxed until sold, deferring tax and perhaps allowing you to time the sale to your tax advantage. Review your year-to-date gains and losses now to see if selling any additional investments by Dec. 31 can reduce your 2014 tax liability. read more »
If you’re looking to reduce your 2014 tax bill, you may want to consider purchasing a business vehicle before year end. Business-related purchases of new or used vehicles may be eligible for Section 179 expensing, which allows you to expense, rather than depreciate over a period of years, some or all of the vehicle’s cost. read more »
By Mark Burnette
The lesson many people took from the successful cyber-attack on Target earlier this year was that even giant, sophisticated corporations are vulnerable to intrusions, but a lesser-known detail of the story carries big implications for small and medium-sized businesses. read more »
Speed interdepartmental processing, improve decision-making capabilities, and empower departments and offices to share critical information
Manufacturing organizations are seeing increased invoices with the improving economy. While this is a great problem to have, customers can get impatient and the workday can get stressful. read more »
Tax planning in 2014 will be challenging but crucial for taxpayers and their advisors. This year we are faced with much uncertainty, due to the lack of action from Congress. Despite the waiting game, it is still necessary to consider all other tax planning strategies in order to position yourself. We hope you find these resources beneficial during your year-end planning and organizational efforts. read more »
From our LBMC Family to yours, we send you best wishes for a
Happy Holiday and a prosperous New Year!
We thank you for the trust you place in us every day for your family and your business.
LBMC offices will be closed on December 24, 25 and 26,
re-opening on Monday, December 29 at 8 a.m.
Winter can be one of the hardest times to exercise. Less daylight hours and colder weather might cause you to want to hibernate for the next few months. If you are heading out to exercise, check the forecast. Temperature, wind, and moisture, along with the length of time that you’ll be outside, are key considerations in what you should wear. Wearing layers is the best option since exercise generates a considerable amount of heat. read more »
Because driving in winter conditions is fraught with hazards such as icy roads, poor visibility and the threat of snowstorms, ask yourself the following questions before you get behind the wheel and put your safety at risk.
Is this trip absolutely necessary? If you can wait out a storm or until roads are cleared, don’t take the risk.
Do I need to drive a car to get to my destination? Consider public transportation if it’s available.
Are roads icy? If so, stay put. Black ice is especially slick and dangerous on bridges and overpasses. read more »