Day Care Providers Enjoy Special Tax Benefits
Article Highlights: Business Use of Home Prorated Use Owned Home Rented Home Exclusive Use Meal Allowance Other Deductions
Entries by IslerNW
Hardship Exemption Rules for Not Having Health Insurance Eased
Article Highlights: Shared Responsibility Payment Executive Order Hardship Exemption Exemption Certification Number
Do You Own a Specified Service Trade or Business?
If So, Your 20% Flow-Through Tax Deduction May Be Limited Article Highlights: 20% Flow-Through Deduction Qualified Trade or Business Specified Service Trade or Business Deduction Table Listing of Service Businesses
Are You Prepared for a Disaster?
Article Highlights: Business Owners Family and Home Records Disaster Scams Self-help Publications Government Assistance
Disabled Taxpayer Tax Benefits
Article Highlights: Increased Standard Deduction Tax-Exempt Income Impairment-Related Work Expenses Financially Disabled Earned Income Tax Credit Child or Dependent Care Credit Special Medical Deductions Qualified Medicaid Waiver Payments ABLE Accounts
Reasonable Compensation and S Corporations
Article Highlights: Payroll Taxes Corporate Officers Employees of a Corporation Reasonable Salaries Factors Flow-Through Deductions Wage Limitations
Understanding Tax-Deferred Investing
Article Highlights: Income Deferral Earnings Deferral Individual Retirement Accounts Retirement Accounts Bank Savings Short- and Long-Term Capital Gains Education Savings Accounts Health Savings Accounts When you are attempting to save money for your children’s future education or your retirement, you may do so in a number of ways, including investing in the stock market, buying […]
Not Using QuickBooks Online? What You’re Missing Out On
If you dread every minute of the time you spend on accounting, you should know how QuickBooks Online can change your outlook. How long would it take you to determine: What your total expenses for this quarter are? Whether or not your business is profitable as of today? How much you’ve sold every month this […]
SALT Deduction – Battle Lines Have Been Set and Swords Have Been Drawn
Article Highlights: • SALT Tax Limits • State Work-arounds • Converting Tax Deductions to Charitable Contributions • IRS Regulations • Taxpayer Beware
How High-Income Professionals Can Benefit from the Pass-through Deduction
Article Highlights: High-Income Professionals Specified Service Trade or Business Sec. 199A Deduction Defined Contribution Retirement Plans Defined Benefit Retirement Plans Tax Savings