Mark E. Battersby is a financial and tax consultant based in Ardmore, PA. For specific questions about taxes and finances, consult a tax adviser. The publisher is not engaged in rendering legal advice.
How to reduce your biggest tax bill: property taxes
Tax planning has long been an extremely effective tool used by many urologiststo keep their tax bills to a minimum. Often overlooked in this ongoing battlefor legitimately lower tax bills, however, is the biggest tax bill facedby many physicians and their practices: property taxes. Even those utilizingrented property for their practices are impacted by property taxes.
Looking to grow? A small business loan may help
For the second time in 2 years, our lawmakers have created federal taxcuts designed to spur business investment. However, despite record-low interestrates, affording the funds to acquire the property and equipment to takeadvantage of those tax cuts has never been harder. Into the breach has steppedthe U.S. Small Business Administration (SBA).
New tax relief legislation allows one property write-off
The out-of-pocket expenditures needed to buy the equipment used in every practice have always been reduced or helped by our tax laws. Today, thanks to the new Jobs and Growth Tax Relief Reconciliation Act of 2003, the needed equipment may be more affordable than ever.
The 2003 tax cut: What it means to you and your practice
Congress passed it, and the president signed it. The $330 billion, 10-yeartax cut plan will have a significant impact on the tax bills of every physicianand his or her practice. The bill largely adopts the House's prescriptionfor trimming taxes on capital gains and stock dividends for at least 5 yearswhile lowering income tax rates and encouraging business investment.
Why did my convention tax deduction disappear?
Reason for meeting attendance is just as important as keeping receiptsand records
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