Did you know that bonus 50% first-year depreciation will no longer be available to your business in 2014 and beyond? And that the Section 179 expensing limit, which allows you to deduct qualified costs immediately instead of expensing them over time, will tumble to $25,000 from $500,000, where it’s been for the last four years?

Did you know that while many tax rules are permanent, others are written to expire at some point in the future? These expiring items are often granted a temporary extension, but a significant number of popular “extenders” terminated at the end of 2013, including both credits and deductions. A number of credits for qualified energy

Self-employment tax is its own tax. It is a tax you will need to pay on top of any other taxes you may owe. It is the self-employed individual’s very own version of FICA tax, which is typically paid by employers and employees for Social Security and Medicare. It is due on your net earnings