DAVID S. BABOIAN, CPA, PC

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11/24/2016

November 24th, 2016

Read Now
 
TAX TIP OF THE DAY... 
If your small business needs LARGE tax breaks before year-end, then don't play around.  These are the BIG 4:
1) Upgrade equipment before 12/31 and expense in full.
2) 2015 SEP pension-- you can start and fund as late as 10/15/16.
3) LLCs... make a retroactive election to be taxed as an S corp for 2015.  
4) Expense the full price of a heavy SUV or truck purchased by 12/31.  Special bonus loophole-- use 100% for business during December and it won't matter if you have personal use in later years (as long as you maintain at least 50% business use).  

SHARE WITH A SELF-EMPLOYED FRIEND.  If you need any help... www.baboiancpa.com

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    David S. Baboian, CPA

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  • Home
  • Services
    • What we do
    • Are we right for you?
    • $99 Jump-start
  • Client zone
    • Individual clients >
      • Identity Theft - IRS Affidavit
      • Personal Financial Statement
    • Business & rental clients >
      • Example expenses
      • Mileage log
      • Petty cash log
      • Sales tax
      • W9 for subcontractor
      • Example Profit & Loss
      • Obamacare Self-employment Ledger
    • Payroll services >
      • Employee paystub portal
      • EMPLOYER set up forms
      • EMPLOYEE set up forms for new hires
    • Web Links
  • About us
    • Contact
    • Our team
    • Dave's resume
    • Dave's bands
    • Haunted Chamber
    • Picture gallery
  • Secure email