Kent Accountancy

The tax deadline is over, but now is the time to start thinking about new tax strategies. If you own business you will benefit from purchasing certain equipment by claiming the full purchase cost as a tax deduction. Learn about Section 179 and apply your knowledge in making your business decisions

It’s Tax Day! Can’t finish? Don’t panic. File Form 4868 to get an automatic six-month extension (by mail or via irs.gov). But that’s an extension to filenot to pay your tax bill. Today is also the last day to open an IRA for 2012!

Don't forget to deduct your health insurance if you are self-employed.....

TAX IMPLICATIONS of renting or selling your foreign real estate

Talk to your accountant...don't automatically choose stardard deduction, itemizing might save you more money, especially if you have a mortgage....

The corporate filing deadline is over, but now is the time to prepare for next year. For all of you S Corp owners....is your salary compensation reasonable? Make sure your salary is not too low (so you can avoid audit) or not too high (so you can take advantage of self-employment tax savings)

If you did not file 2009 tax return, please read....you might be eligible for refund

For all of you using H&R Block....this is just FYI....interesting article

FYI.....Tax rates, tax credits and deduction limits

Did you know? FYI.....US TAX Code is longer than Bible