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NewslettersWe here at Pittman's Accounting and Tax Service feel that an informed client is our best customer. We know that there is a lot of information on the Internet and it can be tough to determine what is valuable. That is why we have selected the following article(s) for you to view. The Domestic Production Activities Deduction The American Jobs Creation Act of 2004 authorized a deduction based on income attributable to certain manufacturing and production activities conducted in the U.S. (the domestic production activities deduction, or DPAD). Your retirement plan savings (that is, qualified plans and IRAs) are important to your financial well-being for several reasons. Right now, they are one of the last places you can accumulate income without currently paying tax. As we approach the final quarter of the year, you probably have a pretty good idea of what your 2005 income will look like, and some planning to reduce your taxes might be appropriate. Following are some potential tax-saving issues to consider before year-end. |
