Year End Tax Planning
With 2011 coming to a close, it’s time to take a final look at tax strategies for year end. It’s especially important this year because many incentives are set to expire unless extended. Conventional wisdom says to defer income and accelerate deductions. Depending on your perspective as to whether tax rates will decrease, stay the [...]
Give consideration to Domestic Production Deduction in Tax Planning
Business taxpayers can claim a domestic production activities deduction under Code Sec. 199 to offset income from domestic manufacturing and other domestic production activities. The Code Sec. 199 deduction or DPD equals 9% of the smaller of— The taxpayer's “qualified production activities income” or QPAI, for the tax year, or The taxpayer's taxable income [...]
What’s In Store For The Economy in 2012?
I wish I could see into the future, but unfortunately I can’t. As I read the headlines and speak with clients and peers, it’s very clear that because of all the uncertainty, businesses and business owners are sitting on the sidelines waiting for some clarity. Granted the third and fourth quarter of 2011 have seen [...]
Our 50th anniversary wouldn’t have been the same without you
We just wanted to take a few minutes to thank you all for celebrating Schlabig and Associates’ 50th anniversary with us. It’s wonderful to bring together the diverse group of people we serve and spend some time chatting, playing cornhole, getting to know new people and catching up with old friends. We also wanted to [...]
Community Outreach-Akron Canton Regional Foodbank
As the air starts to get colder, the leaves start to disappear and the radio starts hinting at Christmas carols, it’s easy to get caught up in the spirit of the season and forget about those less fortunate. That’s why we were so proud to have a team of Schlabig associates return to the Akron-Canton [...]
