Seeking Tax Relief for Casualty Losses
What a year it has been. In 2011, we have witnessed devastation caused by a wide variety of natural disasters, ranging from tornadoes to floods to wildfires. Although it is…
Volume 1 Issue 5 | October 2011
Four Key Points About Bonus Depreciation
The Competitive Edge, Volume 1 Issue 5 | October 2011
Due to the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, business owners may be able to take advantage of renewed “bonus depreciation” deductions this year. In…
Year-End Tax Planning for Businesses
The Competitive Edge, Volume 1 Issue 5 | October 2011
Taxpayers are well-advised to consider how to make the most of tax breaks that are available this year but may not be around next year, or may survive only in…
Year-End Tax Planning Moves for Individuals
The Competitive Edge, Volume 1 Issue 5 | October 2011
Year-end tax planning is especially challenging this year because of uncertainty over whether Congress will enact sweeping tax reform that could have a major impact in 2012 and beyond. Even…