http://veterinarybusiness.dvm360.com/vetec/Taxes/Article/list/3673 Tax news, strategies and business advice for veterinary practice owners, associates and managers 2009-11-21T10:47:05Z http://veterinarynews.dvm360.com/dvm/Veterinary+news/Arkansas-officials-clarify-sales-tax-rules-for-vet/ArticleStandard/Article/detail/634815?contextCategoryId=3673&ref=25 Arkansas -- Following a request from the Arkansas Veterinary Medical Association, the state Department of Finance and Administrations has issued written guidelines on sales and other tax regulations for veterinary practices. 2009-10-17T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/422009/634815null HTML http://veterinarynews.dvm360.com/dvm/Veterinary+news/Proposed-tax-deduction-for-veterinary-care-draws-m/ArticleStandard/Article/detail/632541?contextCategoryId=3673&ref=25 National Report — Starting next year, practitioners might be able to add the words "tax deductible" to their discussions about fees. 2009-10-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/412009/632541null XML http://veterinarynews.dvm360.com/dvm/Veterinary+news/Calif-considers-tax-break-for-adoptions-from-shelt/ArticleStandard/Article/detail/593575?contextCategoryId=3673&ref=25 Sacramento -- A tax deduction for the cost of adopting a pet from a rescue organization is being considered by California lawmakers, but already has been trimmed from its original version. 2009-04-15T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/162009/593575null HTML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Analysis-Stimulus-plan-changes-the-2009-forecast-a/ArticleStandard/Article/detail/592188?contextCategoryId=3673&ref=25 The downturn is still with us, but a solid grasp of how recent changes affect you will help your practice persevere—along with a great reminder system. 2009-04-07T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/152009/592188/veterinary_tax2_dvm360_flash.jpg HTML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Five-last-minute-tax-tips/ArticleStandard/Article/detail/591905?contextCategoryId=3673&ref=25 Follow these suggestions to save time—and maybe even money. 2009-04-06T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/152009/591905null HTML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Stimulus-plan-brings-COBRA-changes/ArticleStandard/Article/detail/590123?contextCategoryId=3673&ref=25 Government is subsidizing premiums, but employers pay up front 2009-03-30T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/142009/590123null HTML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Analysis-President-Obamas-present-and-future-tax-p/ArticleStandard/Article/detail/588910?contextCategoryId=3673&ref=25 Obama's recent stimulus bill and budget proposal contain both good news and bad news for individuals, businesses. 2009-03-23T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/132009/588910null HTML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Get-your-2008-stimulus-check-in-2009/ArticleStandard/Article/detail/585157?contextCategoryId=3673&ref=25 Does Uncle Sam owe you a rebate? Read this to find out. 2009-03-05T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/102009/585157null HTML http://veterinarycalendar.dvm360.com/avhc/Managing+the+money/New-tax-laws-Sponsored-by-IntervetSchering-Plough-/ArticleStandard/Article/detail/585014?contextCategoryId=3673&ref=25 The new year brings new tax issues to look at for large and small businesses. Looking back at 2008—and forward to 2009—a challenging year awaits. 2009-03-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/avhc/102009/585014null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Tax-law-changes-in-2008-that-can-help-you-now/ArticleStandard/Article/detail/581079?contextCategoryId=3673&ref=25 With the season for filing 2008 tax returns well under way, all veterinarians should be aware of changes to the laws. 2009-02-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/072009/581079/tax_179_flash.gif XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Watch-for-these-important-tax-changes-in-2009/ArticleStandard/Article/detail/585924?contextCategoryId=3673&ref=25 With a new year and a new president, these are the changes to tax limits to watch out for in 2009. 2009-02-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/112009/585924null XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Home-is-where-the-tax-relief-is/ArticleStandard/Article/detail/573845?contextCategoryId=3673&ref=25 Property owners and first-time homebuyers can take advantage of tax breaks. 2009-01-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/022009/573845/veterinary_hometaxrelief_bf_flash.jpg XML http://veterinarybusiness.dvm360.com/vetec/Taxes/QampA-Working-with-write-offs/ArticleStandard/Article/detail/568959?contextCategoryId=3673&ref=25 IRS guidelines determine what type of deductions you'll receive on commercial property. 2008-12-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/492008/568959null XML http://veterinarybusiness.dvm360.com/vetec/Taxes/Capital-gains-tax-could-rise/ArticleStandard/Article/detail/568962?contextCategoryId=3673&ref=25 New taxes could cause many veterinarians to rethink their investment strategies. 2008-12-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/492008/568962/veterinary_capital_gains_bf_flash.jpg XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Tax-breaks-in-the-bailout-bill/ArticleStandard/Article/detail/569285?contextCategoryId=3673&ref=25 Talk about last-minute changes in tax laws that will affect veterinarians. 2008-12-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/492008/569285/veterinary_bailout_bf_flash.jpg XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Obama-vs-McCain-How-the-candidates-tax-plans-will-/ArticleStandard/Article/detail/562757?contextCategoryId=3673&ref=25 In this session from CVC West, consultant Tom McFerson, CPA, discusses the ramifications of the candidates' tax plans for veterinarians. 2008-11-03T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/452008/562757null HTML http://veterinarynews.dvm360.com/dvm/Veterinary+news/Tax-advantages-of-marketing-can-help-struggling-pr/ArticleStandard/Article/detail/561335?contextCategoryId=3673&ref=25 Market research and normal product testing costs are not considered research expenditures under the tax laws. 2008-11-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/442008/561335null XML http://veterinarybusiness.dvm360.com/vetec/Taxes/Buy-equipment-says-Uncle-Sam/ArticleStandard/Article/detail/562665?contextCategoryId=3673&ref=25 Rather than waiting for depreciation, veterinarians can taka large deductions on equipment now. 2008-10-22T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/442008/562665null XML http://veterinarycalendar.dvm360.com/avhc/Veterinary+business/What-to-look-for-in-a-CPA-Proceedings/ArticleStandard/Article/detail/587138?contextCategoryId=3673&ref=25 There is an old adage in the accounting industry: a good CPA should offer a shoulder to cry on, an arm to lean on, and a strong back to climb on. 2008-10-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/avhc/112009/587138null XML http://veterinarycalendar.dvm360.com/avhc/Veterinary+business/Comparing-the-Obama-and-McCain-tax-plans-Proceedin/ArticleStandard/Article/detail/587136?contextCategoryId=3673&ref=25 As we sit here, the election is only a few days away. There appears to be very little difference in the polls. Where there is a difference—a big one—is in the two candidates tax plans. 2008-10-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/avhc/112009/587136null XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Watch-out-for-state-unemployment-audits/ArticleStandard/Article/detail/510897?contextCategoryId=3673&ref=25 These audits can cost you, so be sure you correctly classify your employees. 2008-07-02T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/162008/510897null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Is-it-a-repair-or-a-capital-expense/ArticleStandard/Article/detail/529590?contextCategoryId=3673&ref=25 In this age of disposables, many veterinary practices still pay substantial sums for repairs and maintenance. However, instead of allowing immediate tax deductions, the Internal Revenue Service increasingly is labeling repair and maintenance expenses as "capital improvements," making them recoverable only through depreciation spread over a number of years. 2008-07-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/292008/529590null XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Three-common-questions-about-taxes-and-summer-jobs/ArticleStandard/Article/detail/525247?contextCategoryId=3673&ref=25 If your kid's working this summer, read this. 2008-06-20T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/252008/525247null HTML http://veterinarynews.dvm360.com/dvm/Veterinary+business/How-new-tax-law-aims-to-stimulate-business/ArticleStandard/Article/detail/514833?contextCategoryId=3673&ref=25 Limit on write-offs for equipment outlays raised, bonus depreciation for ’08 purchases added 2008-05-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/192008/514833null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/The-IRS-Its-more-flexible-than-you-may-think/ArticleStandard/Article/detail/510606?contextCategoryId=3673&ref=25 Today, with the 2007 tax year ended for most veterinarians, all that can be done before the filing deadline is to make the most of existing tax rules — all the while keeping an eye on the practice's potential tax bill for 2008. 2008-04-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/162008/510606null XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Deducting-reimbursements/ArticleStandard/Article/detail/502330?contextCategoryId=3673&ref=25 Know how your expenses are reimbursed to be sure you get the right deductions. 2008-03-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/112008/502330null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Ignore-a-tax-deduction-Sometimes-it-makes-sense/ArticleStandard/Article/detail/501104?contextCategoryId=3673&ref=25 Why would any veterinarian ignore perfectly good, legitimate deductions at tax-filing time? 2008-03-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/102008/501104null XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+Equine/Its-not-too-late-for-deductions/ArticleStandard/Article/detail/502324?contextCategoryId=3673&ref=25 You still may be able to lower your tax bill. 2008-03-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/112008/502324/ID_calculatorEQ_flash.jpg XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Its-tax-season-Are-you-up-to-speed-one-filing/ArticleStandard/Article/detail/488875?contextCategoryId=3673&ref=25 The Internal Revenue Service is trying hard to convince everyone to file income-tax returns electronically. 2008-02-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/062008/488875null XML http://veterinarybusiness.dvm360.com/vetec/Practice+Tips/Dont-count-on-deducting-life-insurance-costs/ArticleStandard/Article/detail/493593?contextCategoryId=3673&ref=25 If you practice with partners, your buy-sell agreement is an important way to develop a plan to purchase an owner's interest under a variety of circumstances and to protect your own interest in those same circumstances—one of which is the death of a partner. 2008-02-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/082008/493593null XML http://veterinarybusiness.dvm360.com/vetec/Practice+Tips/Get-your-landlord-to-fix-things-up/ArticleStandard/Article/detail/485080?contextCategoryId=3673&ref=25 Your "construction allowance" is considered taxable income unless you follow these rules. 2008-01-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/032008/485080/veterinary_landlord_fix_flash.jpg XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Compliance-with-disability-act-can-bring-tax-savin/ArticleStandard/Article/detail/485161?contextCategoryId=3673&ref=25 It has been 17 years since the Americans with Disabilities Act (ADA) was signed into law. Although some veterinarians still fall short when it comes to making their business premises — and the practice itself — ADA compliant, others have used financial and tax incentives created to help ease the cost of complying with the ADA to improve and grow their practices. 2008-01-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/032008/485161null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/How-a-practices-good-will-is-valued-and-taxed/ArticleStandard/Article/detail/460988?contextCategoryId=3673&ref=25 Good will is one of those intangible business assets that usually has little or no impact on a veterinary practice's tax bill — until least expected. 2007-10-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/392007/460988null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Federal-minimum-wage-hike-ushers-in-new-tax-breaks/ArticleStandard/Article/detail/451806?contextCategoryId=3673&ref=25 Just as the Memorial Day holiday was about to begin, as lawmakers prepared to flee Washington for vacation, agreement was reached to continue funding the war in Iraq. That funding bill also raised the minimum wage. 2007-08-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/342007/451806null XML http://veterinarynews.dvm360.com/dvm/Taxes/Know-what-you-can-mdash-and-cant-mdash-write-off-a/ArticleStandard/Article/detail/446531?contextCategoryId=3673&ref=25 A DVM must know all components of the deduction, and how much was spent for each. 2007-07-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/312007/446531null XML http://veterinarybusiness.dvm360.com/vetec/Practice+Management+Q%26A/Balancing-benefit-discounts/ArticleStandard/Article/detail/431967?contextCategoryId=3673&ref=25 Q. I'm concerned about my hospital's liberal employee discount benefit. Are there any guidelines I can offer the owner to keep him and the rest of the team safe from tax liability? 2007-06-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/232007/431967null XML http://veterinarybusiness.dvm360.com/vetec/Practice+Management/Dont-be-too-quick-to-write-off-lunch/ArticleStandard/Article/detail/411966?contextCategoryId=3673&ref=25 Q. I take my practice staff out to lunch four times a year as a way to boost morale. Can I write off these lunches on my taxes as a business expense? 2007-03-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/112007/411966null XML http://veterinarybusiness.dvm360.com/vetec/Practice+Finances/Stay-straight-with-the-IRS/ArticleStandard/Article/detail/411987?contextCategoryId=3673&ref=25 Don't let tax season strike fear in your heart. Play by the taxman's rules, and if he shows up for an audit, you'll be ready. 2007-03-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/112007/411987null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/The-dreaded-tax-audit-How-to-lower-your-risk/ArticleStandard/Article/detail/416195?contextCategoryId=3673&ref=25 For many years, the risk of a tax audit was barely on the radar for most veterinarians, but today the chances that the Internal Revenue Service (IRS) will flag a practitioner's tax return for an audit are noticeably greater. 2007-03-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/142007/416195null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/IRS-seeks-tighter-rules-to-ensure-timely-tax-payme/ArticleStandard/Article/detail/408457?contextCategoryId=3673&ref=25 Any practice or veterinarian who fails to pay a required installment faces penalties. 2007-02-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/092007/408457null XML http://veterinarybusiness.dvm360.com/vetec/Practice+Tips/Job-search-deductions/ArticleStandard/Article/detail/402578?contextCategoryId=3673&ref=25 If you're on the hunt for a new job, don't forget about the tax deductions you may be eligible for. 2007-02-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/062007/402578null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Convention-tax-write-off-Are-you-taking-advantage/ArticleStandard/Article/detail/398292?contextCategoryId=3673&ref=25 Imagine an enjoyable — and educational — vacation, with Uncle Sam picking up part of the tab. 2007-01-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/032007/398292null XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Save-energy-and-reduce-taxes-Go-figure/ArticleStandard/Article/detail/380910?contextCategoryId=3673&ref=25 Many veterinary practices operate in older buildings with leaky windows, poor insulation and patched roofs. Despite escalating energy costs, the harsh reality is few veterinarians are aware of the many incentives – both cash and tax incentives – available to help reduce that operating expense. 2006-10-01T04:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/dvm/432006/380910null XML http://veterinarybusiness.dvm360.com/vetec/Practice+Finances/Benefits-by-the-book/ArticleStandard/Article/detail/153233?contextCategoryId=3673&ref=25 I heard that a veterinarian was audited and fined more than $30,000 in back taxes for not claiming discounted pet care as taxable income on his employees' paychecks. I've been offering $300 in pet care per year per full-time employee (and half that for part-timers). If an employee goes over the $300 limit, he or she gets a 50 percent discount on additional care. Have I been doing it wrong all these years? 2006-06-01T04:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Practice+Finances/Benefits-made-easier/ArticleStandard/Article/detail/153234?contextCategoryId=3673&ref=25 Is there a less complicated way to offer pet care to my employees than offering discounted services? 2006-06-01T04:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/Taxing-associate-buy-ins/ArticleStandard/Article/detail/319450?contextCategoryId=3673&ref=25 If you're considering selling part ownership to a valued associate, you need to know the tax traps for buyers and sellers. 2006-04-01T05:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Veterinary+business/When-records-can-go/ArticleStandard/Article/detail/313044?contextCategoryId=3673&ref=25 Use these guidelines to decide when to send documents to the shredder. 2006-03-01T05:00:00Z http://veterinarybusiness.dvm360.com/vetec/data/articlestandard/vetec/112006/313044/veterinary_records_own_flash.jpg XML http://veterinarybusiness.dvm360.com/vetec/Taxes/Consider-a-hybrid-vehicle/ArticleStandard/Article/detail/313042?contextCategoryId=3673&ref=25 There are tax advantages when you buy a hybrid automobile: a tax credit of up to $3,400, for instance. 2006-03-01T05:00:00Z XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Family-limited-partnerships-invaluable-tax-reducin/ArticleStandard/Article/detail/310079?contextCategoryId=3673&ref=25 FLP requires both careful analysis and strict compliance with IRS regulations. 2006-03-01T05:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Practice+Finances/Taxability-of-service-rewards/ArticleStandard/Article/detail/313036?contextCategoryId=3673&ref=25 What tax rules apply to awards given to employees for service? 2006-03-01T05:00:00Z XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Remodel-and-deduct-Tax-law-changes-shrink-deductio/ArticleStandard/Article/detail/274482?contextCategoryId=3673&ref=25 When it's time to fix-up, remodel or redecorate the building, clinic or offices that house your veterinary practice, you will want to keep out-of-pocket expenditures to a minimum and recover as much of the funds spent as quickly as possible. Fortunately, both those veterinarians who own their own buildings and those who lease their property can take advantage of a variety of tax deductions, credits and other tax breaks to achieve those goals. 2006-01-01T05:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Practice+Finances/Deducting-discounted-care/ArticleStandard/Article/detail/182421?contextCategoryId=3673&ref=25 I perform services at a discount for a local nonprofit group. Can I write off the discounts? 2005-10-01T04:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Practice+Finances/Reimbursement-for-premiums/ArticleStandard/Article/detail/178511?contextCategoryId=3673&ref=25 Q. I'm an associate veterinarian paid on a straight salary. My employer doesn't offer group health insurance as part of my contract, but I'd like him to pay my medical insurance premiums and those of my husband and son. I checked with the IRS, and it appears that he can pay the premiums for my family tax-free. If he offers me this benefit, does he have to offer it to everyone on salary? 2005-09-01T04:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Personal+Finances/Quietly-rolling-over-a-401k/ArticleStandard/Article/detail/164841?contextCategoryId=3673&ref=25 I will be receiving a retirement plan distribution when I change jobs. I intend to roll it over to my new employer's plan and have been told that such a rollover will avoid a 20 percent withholding tax. 2005-06-01T04:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Taxes/Pressing-business-in-Washington/ArticleStandard/Article/detail/148269?contextCategoryId=3673&ref=25 What's the most pressing issue for small businesses that Congress and the President should address? 2005-03-01T05:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Taxes/Accelerating-tax-deductions/ArticleStandard/Article/detail/148279?contextCategoryId=3673&ref=25 Not all tax deductions are created equal. When it comes to building projects, the normal write-off for building costs is 39 years. However, with a little homework and the help of a builder and architect, you can accelerate deductions. The concept at work: cost segregation. 2005-03-01T05:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Practice+Tips/Beware-of-S-corporation-distribuations-and-basis-l/ArticleStandard/Article/detail/145963?contextCategoryId=3673&ref=25 Many practices are set up as S corporations for tax reporting purposes, enabling owners to receive dividend payments that aren't subject to Social Security tax. Doctors usually receive these payments when the practice pays for veterinary services and management. 2005-02-01T05:00:00Z XML http://veterinarynews.dvm360.com/dvm/Veterinary+news/AJCA-comng-to-a-tax-return-near-you/ArticleStandard/Article/detail/144085?contextCategoryId=3673&ref=25 Any practice that modifies, adapts or adds to the business premises will qualify for a write-off period. 2005-01-15T05:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Practice+Finances/Recent-tax-law-changes-Are-you-affected/ArticleStandard/Article/detail/141731?contextCategoryId=3673&ref=25 The American Jobs Creation Act of 2004 created billions of dollars of tax breaks. 2005-01-01T05:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Practice+Tips/State-unemployment-tax-audits-Employee-or-independ/ArticleStandard/Article/detail/135205?contextCategoryId=3673&ref=25 The Internal Revenue Service (IRS) cares about accurate classification of employees and independent contractors, but so does your state unemployment tax department. No one ever thinks he or she will get audited, and many practitioners are surprised to learn that state unemployment departments often audit more frequently than the IRS. 2004-12-01T05:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Taxes/Year-end-tax-planning/ArticleStandard/Article/detail/130964?contextCategoryId=3673&ref=25 Looking to reduce your tax burden? Well, in 2004, you can expense up to $102,000 of new or used equipment purchases. A 50 percent bonus depreciation expense also is available in 2004, but it will expire at the end of this year unless congress extends the provision. Bonus depreciation applies to new equipment purchases and to leasehold improvements for those who own a practice but not the real estate. 2004-11-01T05:00:00Z XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Shared-pockets-equal-tax-trouble/ArticleStandard/Article/detail/126507?contextCategoryId=3673&ref=25 The IRS has the power to recharacterize a related-party transaction. 2004-10-01T04:00:00Z XML http://veterinarynews.dvm360.com/dvm/Small+Animal/Tangible-and-legal-tax-breaks-exist-for-intangible/ArticleStandard/Article/detail/121565?contextCategoryId=3673&ref=25 Every veterinary practice must continue to capitalize the costs of acquiring intangible business assets. 2004-09-01T04:00:00Z XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Dont-shoot-the-sales-tax-collector-it-could-be-you/ArticleStandard/Article/detail/99208?contextCategoryId=3673&ref=25 Generally sales taxes apply on the sale of just about anything to just about anyone. 2004-06-01T04:00:00Z XML http://veterinarybusiness.dvm360.com/vetec/Taxes/Naming-the-right-beneficiary/ArticleStandard/Article/detail/92673?contextCategoryId=3673&ref=25 Name the right beneficiary today, and save your heirs a big tax bill tomorrow 2004-04-01T05:00:00Z HTML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Cheap-overlooked-long-term-financing-for-tax-cuts/ArticlePictorial/Article/detail/85946?contextCategoryId=3673&ref=25 For the second time in two years, our lawmakers have created federal tax cuts designed to spur business investment. However, despite record-low interest rates, affording the funds many veterinarians require in order to acquire the property and equipment to take advantage of those tax cuts has never been harder. Into the breach has stepped the U.S. Small Business Administration. 2004-02-01T05:00:00Z XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Tax-cut-plan-will-have-major-impact/ArticleStandard/Article/detail/66384?contextCategoryId=3673&ref=25 Congress passed and the President signed into law a $330 billion, 10-year tax cut plan that will have a significant impact on the tax bills of every veterinarian - and their practices. 2003-08-01T04:00:00Z XML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Government-will-pick-up-portion-of-travel-expenses/ArticleStandard/Article/detail/63910?contextCategoryId=3673&ref=25 Uncle Sam, in the form of our tax laws, is willing to pick up a portion of 
 the expenses of every veterinarian attending a trade show, meeting or similar 
 event. 2003-07-01T04:00:00Z HTML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Know-real-cost-of-home-office-tax-deduction/ArticleStandard/Article/detail/30904?contextCategoryId=3673&ref=25 The expense of using a portion of your home "exclusively" for
 business purposes is, as everyone knows, tax deductible.
 
 Changes to the tax laws that became effective in 1999, significantly
 increased the number of veterinarians who were eligible to deduct home office
 expenses. 2002-08-01T04:00:00Z HTML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Tax-law-changes-offer-advantages-to-DVMs/ArticleStandard/Article/detail/20591?contextCategoryId=3673&ref=25 President George W. Bush signed a long-sought-after economic stimulus package 
 March 9. 2002-05-01T04:00:00Z HTML http://veterinarynews.dvm360.com/dvm/Veterinary+business/Tax-law-changes-offer-advantages-to-DVMs/ArticleStandard/Article/detail/19405?contextCategoryId=3673&ref=25 President George W. Bush signed a long-sought-after economic stimulus
 package March 9.
 
 The "Job Creation and Worker Assistance Act of 2002" (H.R.
 3090) is a combination of business economic stimulus provisions, relief
 provisions for lower Manhattan businesses affected by the 9/11 terrorist
 attacks, a 13-week extension of unemployment benefits, extensions for expired
 or soon-to-expire tax breaks and technical corrections. 2002-05-01T04:00:00Z HTML http://veterinarynews.dvm360.com/dvm/Practice+Management/Watch-out-for-tax-law-obstacles-when-borrowing/ArticleStandard/Article/detail/5337?contextCategoryId=3673&ref=25 IRS takes special interest in corporate loans to shareholders 2001-09-01T04:00:00Z HTML http://veterinarynews.dvm360.com/dvm/Practice+Management/Home-office-deductions-warrant-consideration/ArticleStandard/Article/detail/15577?contextCategoryId=3673&ref=25 The expense of using a portion of your home "exclusively" for
 business purposes is, as everyone knows, tax deductible. 2001-06-01T04:00:00Z HTML