Tax Tips Archives - Page 2 of 2

Abbott Pratt Tax Talks – How Long Should I Hold Onto My Tax Records For?

Posted on December 31, 2018 (January 2, 2019) by admin

There is a long winded answer to this question, and there is a short one… we will provide the short but are always open for a discussion to expand upon our answer. The short answer: In most cases a minimum of 3 years-we prefer 7. However, if you store them electronically, you’ll have them forever; […]

Abbott Pratt Quick Tax Tips – Charge it!

Posted on December 5, 2018 (December 5, 2018) by admin

Year end is only a few weeks away and as a business owner, it may be most tax advantageous for you to accelerate deductions into the current tax year. One way of doing this is to charge last minute expenses on your business credit card. The business receives a deduction at the time the card […]