Does your business qualify for the small business health care tax credit? If your company is wrestling with the cost of health care coverage for employers, this tax credit may help you offset your costs. It’s one of the many credits and deductions that business owners should be aware of as they consider this year’s tax return. Don’t miss out on the chance to take the Section 179 and bonus depreciation deduction for 2013, for example. You should also consider how new rates on ordinary income, capital gains and investment income will affect your bottom line.
Contact us to learn the best steps to take in order to limit your tax liability and ensure you’ve taken all the proper deductions and credits. We can help you with all your tax and other business planning questions.