It seems more and more likely that a lame-duck Congress will decide the fate of the Bush tax cut extensions. It is also becoming clear that tax planning for 2012, as well as 2013, will take some reading of a crystal ball. The rule of thumb is to plan for what you know, and that would be accelerating income into 2012, but you really need to do several “what if” scenarios just in case Congress makes final, year-end changes. This is an unhealthy atmosphere for business and business owners. Without comprehensive tax reform that will extend over a significant period of time, businesses will remain at the mercy of the politicians.
Part 2 of this two-part article will examine expiring provisions directed at individuals.
A significant business tax benefit that is expiring involves the sale of small business stock. Since 1993, stock issued by a C Corporation that invests 80 percent of its assets in the active conduct of a trade or business and that has assets of $50 million or less when the stock is issued is considered a qualifying small business. Non-corporate investors who sell their qualifying stock after holding it a minimum of five years can exclude a portion of the gain on the sale of the stock.
A Comprehensive Guide to Backup and Disaster Recovery.
Hispanics Have A Longer Life Expectancy. While you’re young planning for retirement is crucial. Here’s why: Hispanics benefit from the guaranteed benefit that is annually adjusted for inflation. With longer life expectancies, elderly Hispanics will live more years in retirement and benefit from Social Security’s cost-of-living protections. Hispanics tend to have higher life expectancies at age [...]
Today’s highly competitive economic environment notwithstanding, we firmly believe that opportunities abound for Latino entrepreneurs and professionals, especially when armed with all of the tools necessary to succeed.
Chief among these is information that bears directly on marketplace trends and proven routes to success. Indeed, it can be said that access to such information is often what distinguishes winners. This is the animating principal behind Latin Business Today.