Tips for Year-end Tax Preparation

As 2014 draws to a close and appraisers prepare to put another business year behind them, it’s important they compile their tax documents.

According to the U.S. Small Business Administration, owners need to consider federal and state tax issues.

deduction-1Determine a strategy

Whether it’s knowing how spending impacts tax bills, in which year to incur expenses or understanding accrual and cash basis, appraisers and other small business owners have a lot to consider to help ensure the creation of a successful tax strategy. [Read more…]