A Review of Significant TCJA Provisions Affecting Small Businesses

Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s a good time to review some of the provisions of the Tax Cuts and Jobs Act (TCJA) that may [...]

By | 2018-05-08T14:41:22+00:00 May 8th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments

Is This Your Situation: Concerned About Funding Your Child’s Higher Education

Saving for your child’s education is no small feat. Although it is ideal to begin a savings program when your children are born, some families don’t start saving until their children are older. One of the best options is [...]

By | 2018-05-08T13:19:48+00:00 May 8th, 2018|Categories: Blog, Tax|Tags: , |0 Comments

Charitable Contributions Are Over… Or Are They?

With the recent changes in the tax law, you may hear your friends saying “well, I can no longer get a tax deduction for my charitable contributions so I guess I’ll stop.” Or maybe you have been thinking the same [...]

TCJA Changes to Employee Benefits Tax Breaks: 4 Negatives and a Positive

The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits. [...]

By | 2018-04-24T18:58:18+00:00 April 24th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments

Tax Document Retention Guidelines for Small Businesses

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks [...]

By | 2018-04-24T18:59:32+00:00 April 24th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

Is This Your Situation: Confused About Salary Rules in an S-Corp

You're in business to make money to feed your family, send the kids to college or drive the sports car of your dreams. But when you're a shareholder in an S corporation, how and how much you get paid can [...]

By | 2018-04-11T14:52:17+00:00 April 10th, 2018|Categories: Blog, Tax|Tags: , |0 Comments

Should You File Form SS-8 to Ask the IRS to Determine a Worker’s Status?

Classifying workers as independent contractors — rather than employees — can save businesses money and provide other benefits. But the IRS is on the lookout for businesses that do this improperly to avoid taxes and employee benefit obligations.To find out [...]

By | 2018-04-11T14:53:50+00:00 April 9th, 2018|Categories: Blog, Tax|Tags: , |0 Comments

A Net Operating Loss on Your 2017 Tax Return Isn’t All Bad News

When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If when filing your 2017 income tax return you found that your business had an NOL, there is an upside: tax benefits. But beware [...]

By | 2018-04-11T14:54:24+00:00 April 9th, 2018|Categories: Blog, Tax|Tags: |0 Comments

13 Tips for Effective Estate Planning

As your family grows, your estate matures and your assets become more substantial, it’s probably time to start thinking about an estate and trust plan. Estate and trust planning is a crucial step for those looking to ensure that [...]

By | 2018-04-11T14:54:50+00:00 April 6th, 2018|Categories: Blog, Estate & Trust, Tax|Tags: , |0 Comments

Tax Reform for Real Estate

In December of 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law. As a result, many Americans have questions about how the new tax laws are going to affect real estate and their personal income [...]