The good news, bad news, ideas to jump-start 2014 business tax planning
Business owners, in particular, have come to realize they missed the opportunity for some 2013 tax savings and have vowed to get ahead of these tax issues in their 2014 business planning. Compounding what some call their "taxpayer's remorse" is confusion. Forty of the 500 provisions in the Patient Protection and Affordable Care Act amend or add provisions to the U.S. tax code. To help in the effort of making smart tax choices proactively, the following offers a look at the 2014 playing field for taxes.
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