Category Archives: Tax Tips

Buy business assets before year end to reduce your 2018 tax liability

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular [...]

Recent Developments That May Affect Your Tax Situation

The following is a summary of important tax developments that have occurred in July, August, [...]

Now’s the time to review your business expenses

As we approach the end of the year, it’s a good idea to review your [...]

Tax-free fringe benefits help small businesses and their employees

Tax-free fringe benefits help small businesses and their employees. In today’s tightening job market, to [...]

Be sure your employee travel expense reimbursements will pass muster with the IRS

Does your business reimburse employees’ work-related travel expenses? If you do, you know that it [...]

Close-up on the new QBI deduction’s wage limit

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate [...]

Business deductions for meal, vehicle and travel expenses: Document, document, document

Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly [...]

Choosing the right accounting method for tax purposes

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash [...]

Choosing the best business entity structure post-TCJA

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) [...]

Two-income Families Should Check Withholding Amount

Two income families and those who work multiple jobs typically end up under-withheld. We recommend [...]