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 »
Updated for 2020: As the 2020 tax filing season approaches, it’s important to get organized to ensure timely filing of your informational returns. New for 2020 is Form 1099-NEC, which will now be used to
3 Tips For Making 1099-MISC and 1099-NEC Filing A Breeze This January Read More »
Stock options can be complex and costly if you don’t properly plan for taxes. Two common forms of non-cash employee incentives are Incentive Stock Options (ISOs) and Non-qualified Stock Options (NSOs). With tax reform on the horizon,
Year-End Planning: Tax Strategies for Employee Stock Options Read More »
Interested in what’s happened over the last three months this year? I’ve summarized the key tax developments that may affect you, your family, your investments, and your livelihood. President Trump reveals tax reform plan. The
Third Quarter Tax Updates Read More »
