BKHM Blog

The Importance of Tax Planning

Posted by BKHM CPAs on Wed, Jan 25, 2017 @ 01:11 PM

iStock_38630838_SMALL.jpgWhat is tax planning? A lot of you might ask this questions, including what is the difference between tax planning and tax preparation.  This blog post will summarize those differences and what is the benefit of tax planning.

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Topics: Tax Planning

2014 YEAR-END TAX PLANNING FOR INDIVIDUALS

Posted by Sheridan Smith on Tue, Oct 28, 2014 @ 10:55 AM

As 2014 draws to a close, we are still waiting for Congress to pass the popular tax benefits commonly referred to as “extenders.” Although this is less than ideal for planning purposes, the good news is that much of the current Tax Code remains unchanged for the 2014 tax year and beyond. Click here to read the planning guide 2014 Year-End Tax Planning Guide

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Topics: IRS, Tax Planning, 1040 taxes

TAX PLANNING GUIDE - 2014-2015

Posted by Sheridan Smith on Mon, Aug 11, 2014 @ 10:33 AM

2014-2015 Tax Guide Tax planning is as essential as ever - at the beginning of 2013, many tax rates and breaks were made permanent.  The increased certainty brought by these tax law changes has in some ways made tax planning in 2014 a little easier.

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Topics: bkhm cpas, Tax Planning, tax planning guide, ACA

New Lawyer Training - Orange County Bar Association - BKHM CPAs

Posted by Sheridan Smith on Thu, Aug 07, 2014 @ 09:59 AM
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Topics: bkhm cpa, Tax Planning, Bookkeeping, central florida

2013 YEAR END TAX PLANNING

Posted by Sheridan Smith on Tue, Sep 17, 2013 @ 12:23 PM
Even though the calendar still says summer, it's not too early to be thinking about year-end tax planning. In fact, year-end tax planning has become around-the-year tax planning because of tax legislation (or the lack of tax legislation), new IRS rules and regulations and personal and business considerations. Looking ahead to year-end 2013, there are many tax planning strategies to explore and evaluate.

ATRA brings some certainty

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Topics: bkhm cpa, Affordable Care Act, Tax Planning, 1040 taxes

SELF-EMPLOYMENT TAX PLANNING

Posted by Sheridan Smith on Mon, Dec 10, 2012 @ 03:30 PM

Self-employed? Set up a retirement plan by Dec. 31!

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Topics: Tax Planning, retirement, self-employment

YEAR-END TAX PLANNING AMID LEGISLATIVE UNCERTAINTY

Posted by Sheridan Smith on Fri, Aug 31, 2012 @ 10:35 AM
Year-end tax planning amid legislative uncertainty
 

As 2013 draws closer, news reports about "taxmageddon" and "taxpocalypse," describing expiration of the Bush-era tax cuts, are proliferating. Many taxpayers are asking what they can do to prepare. The answer is to prepare early. September may seem too early to be discussing year-end tax planning, but the uncertainty over the Bush-era tax cuts, incentives for businesses, and much more, requires proactive strategizing. Ultimately, the fate of these tax incentives will be resolved; until then, taxpayers need to be flexible in their year-end tax planning.

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Topics: bkhm cpas, IRS, Tax Planning, tax cuts