TAX PLANNING IS GOOD FOR CORPORATIONS TOO

If you own a calendar-year corporation, you can benefit from planning moves you make before December 31. For example, corporations can accelerate or defer income or deductions to stay within a certain tax bracket. You'll also want to look at your corporate alternative minimum tax exposure to determine whether you qualify for an exception to the tax. Finally, reviewing estimated tax payments can save penalties. Call us at (518) 798-3330 for more business planning strategies.

2016 HEALTH CARE ENROLLMENT BEGINS NOVEMBER 1

The health insurance Marketplace (www.healthcare.gov) "open enrollment period" began November 1st  for 2016 individual health insurance coverage. Open enrollment is the annual period of time during which health insurance companies must accept your application regardless of your health history. Once open enrollment is over – January 31, 2016, for 2016 policies – you can only get coverage if you have circumstances that allow you to qualify for a special enrollment period.

BREAKEVEN ANALYSIS HELPS WITH BUSINESS CHOICES

Breakeven analysis is an important and useful tool in business. Whether you're starting a new business, expanding current operations, contemplating an acquisition, downsizing, or approaching banks and other potential lenders, you'll want to know your breakeven.

DECIDE WHEN TO START SOCIAL SECURITY BENEFITS

Whether you should take social security retirement benefits at the earliest possible date or defer benefits until reaching normal retirement age (or even age 70), depends on several factors.