Among the biggest breaks for businesses: A tax credit for research and development, an exemption that allows financial companies to shield foreign profits from being taxed by the U.S., and several provisions that allow businesses to write off capital investments more quickly. There is also a generous tax credit for using wind farms and otherContinue reading “Tax Breaks until Dec 2014”
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Protect your cash accumulation from unnecessary taxes, market risks and inefficient financial products
Now that you are in critical capital mass and earning more than you are spending, your goals are to protect your cash accumulation from unnecessary taxes, market risks and inefficient financial products. Contact Connie Dello Buono, financial planner for doctors and business owners working with CPA and financial advisors in ensuring that your cash accumulation isContinue reading “Protect your cash accumulation from unnecessary taxes, market risks and inefficient financial products”
Medical doctors: 2014 tax law changes , impact and financial strategies
How will 2014 tax law changes impact your finances this year and beyond? Although the top marginal tax bracket was increased to 39.6%, most physicians will have their marginal rate (their last dollar of income) taxed at 28% or 33%, depending on your taxable income. Understanding tax brackets Contrary to popular belief, when you earnContinue reading “Medical doctors: 2014 tax law changes , impact and financial strategies”