Join | Home | Back Issues | Contact | About Us | Advertise | Subscriptions | Feedback

Top Business Magazine

Invest in yourself and invest in your business!

Subscribe to BABM Top Business Magazine.

The ONE you read cover to cover.

Subscribe NOW - only $29.95 for 12 issues!

Business Directory (View All):

B2B Search:

eNewsletter Subscription
Email:  

Accounting Best Practices BABM Magazine | The Top Business Magazine Read Cover to Cover

BABM Magazine > Best Practices > Accounting

Accounting Best Practices Magazine

 

Welcome to BABM Accounting Best Practices Magazine where you can read succinct articles online. The articles will provide you with valuable information that can be immediately implemented to help take your business and personal success to the next level.

Employee Benefit Plans
Are You a Plan Sponsor?

By Lynn Smith
Published: April / May 2008

An employer’s choice to provide various benefits to its employees by sponsoring an employee benefit plan can be a valuable decision providing incentives that contribute to the overall welfare of its employees and often times leading to increased employee satisfaction and retention. However, employers should be aware of the nature and complexities of their responsibilities when a plan is put in place.

Featured Advertisers

Accounting Best Practices Magazine Articles

 

Tax Time is a Hair Raising Experience
Consider Extensions

By Paul Bayer
Published: February / March 2008

April 15th (March 15th for Corporations) often comes too soon for most taxpayers. When the pressure of filing your tax return by Tax Day is looming and you’re not ready, consider filing an extension. In recent years, the IRS has made it much easier to extend your return for six months. There are several benefits of extending your return.

Less Taxes, More Savings for the Future
HSA’s: Less is More. Less Premium,
By Jessica Thomas
Published: January 2008

Healthcare costs continue to escalate while insurance carriers and consumers look for ways to reduce those costs. High Deductible Health Plans (HDHP) combined with Health Savings Accounts (HSA’s) is one way to decrease healthcare costs to employers, consumers, and even to insurance carriers. Healthy consumers as well as those needing extensive healthcare services can often enjoy some savings.

Cover Your “End”
Tax planning – it’s that time of year again!
By Tatiana Gilbertson
Published: December 2007

Where does the time go? With the end of the year fast approaching, it’s time to start your year-end tax planning. There are some simple steps that every individual and business should take to ensure they get maximum benefit on their 2007 tax return. Whether you file an individual or business return, thoughtful planning can help reduce your tax liability. Review the following “must do” items to make sure you’ve done what you can to minimize your taxes. Just remember that making smart economic decisions should not be forgotten when planning. Don’t go out and buy that expensive vehicle for your business just for a tax deduction!

Holiday Gift Giving
Don’t Get Scrooged

By Tatiana Gilberston
Published: November 2007

We know it’s hard to believe, but the year-end holidays are quickly approaching, and that means it’s time to think about gift giving and bonuses. These gifts and bonuses offer a great opportunity to achieve goodwill by rewarding certain employees, and even better – while you receive all the credit for these gifts, your Uncle Sam generally will pay a portion of the related costs.

Your Uncle Sam May Not Like Boats
But You Can Still Deduct Some Expenses
By: Paul Bayer
Published: October 2007

It has been said the two best days in a boat owner’s life are the day he buys a boat and the day he sells it. The latter can be particularly true for business owners who expect to reap substantial tax deductions from their boats, and subsequently find out that the IRS specifically denies deductions for the cost of “entertainment facilities”, which by definition includes boats. However, some deductions are allowed that make boat ownership a bit more enjoyable.

Who says Christmas and Hanukkah only happen once a year?
By: Paul Bayer
Published: September 2007

Generally any cash gifts to an individual in excess of $12,000 are subject to an annual "gift tax".   There is however a lifetime exemption of $1,000,000 on gifts (per donor) that exceed this annual limit.    Many people have accumulated significant wealth over their lifetime and may wish to reduce their estate before their death to ensure they pass along the maximum financial benefit to their heirs.  One way to do this is to "gift” cash each year as mentioned above.   This method of reducing their estate is limited by the gift and generation skipping transfer tax limitations.

Tax Credits That May Surprise You
Published: August 2007

Because of advances in communication, information processing and transportation technology, today’s economy is much different than our economy of a few decades ago. These factors, and the lowering of trading barriers, have resulted in a global economy that has introduced hundreds of new competitors to the mix. This increase in competition is one of the primary reasons that companies focused on sustaining profitability and market share continue to invest significant sums to improve their existing products and processes and/or create new products and processes. These expenditures are generally classified as research and development (R&D) and in 2006 U.S. R&D spending was $330 billion, making us the largest R&D spenders in the world.
 

Bay Area Business Magazine Editor: 727-741-2212
Advertising: 727-596-9791

SUBSCRIBE TODAY

12 Issues for $29.95

Serving Pinellas, Hillsborough, Sarasota, Pasco, Polk, Manatee, Citrus and Hernando counties.

© 2007 Bay Area Business Magazine - PO Box 8552 - Seminole, FL 33775-8552

Web Site Re-Design, SEO, Internet Marketing, Hosting & Maintenance by KISS Marketing, Inc. - Deirdre Cavener, MCP

KISS Marketing - Keeping Internet Success Simple

Member of My Green Pages Network