Month: December 2015

Final Legislation for 2015 Tax Year

Last week Congress passed the final legislation that will affect 2015 tax season. Highlights include: Continued 10% energy credit for all qualified non-business property. Child tax credit is permanently set to $3,000. Section 179 expending limit for businesses has once again been increased to $500,000. See full article:  Journal of Accountancy 2015 Updates Wish you and […]

Useful Year-end Tax Tips for Individuals

As year end approaches here are some tips we thought would be helpful for individuals in tax planning for 2015. 16 Useful Tax Planning Tips for Individuals Happy Holidays, The W. H. O’Connell & Associates Team