Monthly Archives: November 2014

Section 179 Expensing Election in 2014

This time of year, smart business owners begin their year-end tax planning.  During the last ten years, Congress has allowed a large Section 179 election for businesses. Under the provisions of Section 179, qualifying property placed in service during the … Continue reading

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Shared Responsibility Payment

Effective for the 2014 tax year, the Affordable Care Act requires all individuals to carry health insurance or make a shared responsibility payment, unless they are exempt. Employer-provided health insurance as well as Medicare and Medicaid will satisfy the individual … Continue reading

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