4 min read
Are You Eligible for the New Dependent Credit and HOH Filing Status?
The IRS continues to publish guidance to clarify provisions of the Tax Cuts and Jobs Act (TCJA). Here's what you need to know about qualifying for...
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
3 min read
Can You Have Too Much Tax Deferral?
Taking steps to defer your individual federal income tax bill is often a good idea. If you expect to be in the same tax bracket in future years,...
4 min read
Should You Switch Your Business to C Corp Status?
Thanks to the Tax Cuts and Jobs Act (TCJA), the federal income tax rate on C corporations is now a flat 21%, for tax years beginning in 2018 and...
2 min read
Own a Business? An Exit Strategy Should Be Part of Your Tax Planning
Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks...
1 min read
Which Tax-Related Limits Affecting Your Business Are Increasing in 2019?
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some of the...
1 min read
There’s Still Time to Get Proof for 2018 Deductible Donations
If you’re like many generous Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your...
2 min read
Is There Still Time to Pay 2018 Bonuses and Deduct on 2018 Return?
There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee...
1 min read
Automatic Extension Available for Making Portability Election
Portability allows a surviving spouse to apply a deceased spouse’s unused estate tax exemption amount toward his or her own transfers during life or...
2 min read
6 Last-Minute Tax Moves for Your Business
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute...
2 min read
Check Deductibility Before Making Year-End Charitable Gifts
As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the spirit of the season and as a year-end tax...
2 min read
Year-End Tax and Financial To-Do List for Individuals
With the dawn of 2019 on the near horizon, here’s a quick list of simple tax and financial to-dos you can easily address before 2018 ends:
1 min read
Does Prepaying Property Taxes Make Sense Anymore?
Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end...
2 min read
When Holiday Gifts & Parties Are Deductible or Taxable
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday...