Posts from: Business News, Tax News
Startup costs: Book vs. tax treatment
New businesses, which are vital to a healthy economy, usually incur costs before they begin active conduct of their intended business operations. These costs are frequently generically referred to as startup costs of a business. For financial accounting... (more...)
Make these last-minute moves to qualify for important retirement savings tax breaks
The end of the year has a variety of retirement planning deadlines you need to meet in order to qualify for tax deductions and credits. Retirees also need to take action by specific dates to avoid retirement account penalties. Here are some of the retirement... (more...)
529 Plans Also Help Cut Estate Taxes
As college costs have soared, way outpacing the small gains in family income of the past decade, more and more families have turned to Section 529 college savings plans where gains are tax-free when withdrawn to pay for school. A qualified tuition plan... (more...)
Real GDP growth rose at a 1.5 percent-annual pace
Economic activity lost some of its momentum in the third quarter. Real GDP growth rose at a 1.5 percent-annual pace, but much of the drag was due to a slowdown in inventory building. Real private sales to domestic purchasers, which is a better gauge of... (more...)