Just a reminder that the last day you may make a tax-deductible purchase, pay a tax-deductible expense, take advantage of tax credits, or make tax-deductible charitable contributions for 2018 is Dec. 31.
Every taxpayer’s situation is unique,…
Some holiday gifts you provide to members of your family, employees and others may also yield tax benefits. Here are some examples:
Electric Car Credit – If you purchase an electric car as a holiday gift for your spouse or even…
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S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of business structure in which the business does not pay income tax at the corporate level and instead distributes (passes…
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Tax reform eliminated the deduction for casualty losses but did retain a deduction for losses within a disaster area. With the wild fires in the west, hurricanes and flooding in the southeast and eastern seaboard we have had a number of presidentially…
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December 3 - Time for Year-End Tax Planning
December is the month to take final actions that can affect your tax result for 2018. Taxpayers with substantial increases or decreases in income, changes in marital status or dependent status,…
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Make absolutely no mistake about it: Not only is employee burnout very real, it’s probably costing your business a lot more money than you realize. It’s also not a problem that you’re necessarily going to be able to buy your way out of,…
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If your taxable income is exceptionally low this year, or even if you expect not to be required to file a tax return this year, a number of tax opportunities may be available to you. But time is running short, since these opportunities will…
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If you are suddenly in need of a substantial amount of cash, probably the last thing you should do is tap your retirement funds. They are the key to a financially comfortable retirement. The younger you are, the less likely you are to think…
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Don’t Overlook Tax Credits
Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax credits to individual taxpayers for a number of reasons, including…
With the holiday season approaching, and with the great need for aid in the wake of the recent hurricanes and wildfires, you no doubt are being solicited for donations. However, do not be fooled by the scammers who come out from hiding whenever…
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Last-Minute Tax Strategies
Tax Tips, TaxesHoliday Gifts with Tax Benefits
Gift Tax, HolidaysS Corporation Stockholders: Are You Taking Reasonable Compensation in the Form of Wages?
Business, CorporateWhen To Claim a Disaster Loss
2018 Tax LawsDecember 2018 Individual Due Dates
2018 Tax LawsMitigating the Effects of Employee Burnout: What You Need to Know
Business, Business DevelopmentExpecting Your Taxable Income to Be Low This Year? You Can Take Advantage of It
Tax Tips, TaxesThinking of Tapping Your Retirement Funds Early? What You Need to Know
RetirementDon’t Overlook Tax Credits
2018 Tax Laws, Tax Reform, TaxesLegitimate Tax-Deductible Charity or Scam?
Charity