Cpas Share Financial Considerations at Tax Time
Mississippi Business Journal, The › September 02, 2009
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Summary
If a business operates a qualified retirement plan, and if feasible considering current circumstances, consider maximizing 2008 contributions to qualified retirement plans since the contributions are tax deductible in the year that they are made, urged Bunting. Scott pointed out that eligible educators are permitted an above-the-line deduction of up to $250 per year through 2008 and 2009 for un-reimbursed expenses incurred in connection with books, supplies, computer equipment, including related software and services and other equipment, and supplementary materials used in the classroom.
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Cpas Share Financial Considerations at Tax Time
Keeping good records and drilling down deep enough to get all the facts is imperative when preparing a tax return, say Mississippi CPAs.
"People miss a lot because they don't do both, and wind up paying more in taxes than they should," said Jackson CPA Paul V. Breazeale, a newly appointed member of the Mississippi Ethics Commission. "For example, an important point you...See the full content of this document
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