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 Hatter & Co. clients can quickly submit a tax question to our office. Just fill out the information below and click go. To get a username and password, contact us.  |
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 Information to make managing your taxes easier. This section of our site provides a variety of useful and timely tax tips to help you prepare and manage your taxes and maximize your return. Deduction for Domestic Production Activities
For tax years beginning 2004, a taxpayer (C-corporation, S-corporation, partnerships, sole proprietorships, cooperatives, estates or trusts) may claim a deduction against gross income equal to the applicable percentage of its qualified production activities income or its taxable income without regard to the deduction. The eligible business included manufacturing, construction, architectural services related to construction projects. The amount of this manufacture deduction may not exceed 50% of the W-2 wages paid by the taxpayer. For tax years beginning in 2006, the applicable percentage is 3%. The percentage increase to 6% in 2007, 2008 and 2009 and to 9% thereafter.
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