by HintonBurdick | Nov 15, 2021 | Business Tax, Personal Tax, Tax
For our clients that have moving parts to their tax returns such as business activity, interest, dividends, capital gains, etc., we give them the opportunity to do tax planning each year. While this service costs money, the return on investment is well worth it. This...
by HintonBurdick | Nov 1, 2021 | News
With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies that could reduce your tax bill for 2021. General Tax Planning Strategies General tax planning strategies for individuals include accelerating or deferring...
by HintonBurdick | Nov 1, 2021 | News
Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method of accounting can defer income into 2022 by delaying end-of-year invoices so that...
by HintonBurdick | Nov 2, 2020 | News
Many people assume tax planning is the same as tax preparation, but the two are quite different. Let’s take a closer look: What is Tax Preparation? Tax preparation is the process of preparing and filing a tax return. Generally, it is a one-time event that...
by HintonBurdick | Nov 4, 2019 | News
If you own a historic building you should know about a tax credit called the rehabilitation tax credit, which offers an incentive to renovate and restore old or historic buildings. Here are seven facts that building owners should know about this credit: The credit is...
