For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates […]
Choosing the best business entity structure post-TCJA Read More »
Two income families and those who work multiple jobs typically end up under-withheld. We recommend using the IRS Withholding Calculator to help navigate the complexities of multiple employer tax situations and to determine if the correct amount
Two-income Families Should Check Withholding Amount Read More »
Changes to the deduction for move-related vehicle expenses The passing of the Tax Cuts and Jobs Act (“TCJA”) suspended the deduction for moving expenses for tax years beginning after Dec. 31, 2017, through Jan. 1,
Law Change Affects Moving, Mileage and Travel Expenses Read More »
With the pass of the Tax Cuts and Jobs Act (TCJA), a new limit has been placed on the deduction for SALT, State And Local Taxes. These limits severely impact residents of states that derive
Be Weary of State SALT Deduction Workarounds Read More »
As many of you are aware by now, the Tax Cuts and Jobs Act (TCJA) almost doubled the standard deduction for many taxpayers, raising the limits to $12,000 for single filers and $24,000 for married
Three Ways to Maximize Charitable Giving Under the New Tax Code Read More »
This credit, the paid family and medical leave credit, is available to eligible employers for wages paid to qualifying employees on family and medical leave.
New Business Credit for Paid Family and Medical Leave Read More »
Just a quick reminder, the 2017 tax compliance deadlines are quickly approaching. For reference, the ones you need to be aware of are: January 31, 2018 Deadline to distribute annual wage and tax reports to
2017 Compliance Deadlines Read More »
Below is a brief summary of the current differences between the House & Senate Tax Bills. Source: Thomson Reuters 2017 Tax Reform: Key differences between the Senate and House tax bills The Senate and the
2017 Tax Reform Update Read More »
As the year winds down, now is the best time to get your financials in order and prepare for filing season this spring. Here’s a few tips to ensure you are ready to file early
Year-End Business Checklist: 5 Steps To Get You Ready For Tax Season Read More »
Over the weekend I had a friend call for some tax advice – he was planning to purchase a duplex to occupy and rent and was considering taking a distribution from his IRA (ROTH &
Why You Should Consider Moving your Traditional IRA Into Your Current Employer’s 401(k) Read More »
*Updated 12/28/17 With major tax reform looming, we compiled a list of year-end planning moves that can help you take advantage of the tax breaks that may be heading your way. While congress appears poised
Ten Year-End Tax Moves To Minimize Your Tax Exposure Read More »
