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 can help you attract and retain employees. If you don’t, you might want to start, because changes under the Tax Cuts and Jobs Act (TCJA) [...]

By |2018-09-17T13:18:07+00:00September 17th, 2018|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

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 owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, [...]

By |2018-07-17T14:55:10+00:00July 17th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments

Choosing the best business entity structure post-TCJA

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 as high as 35%. [...]

By |2018-06-25T20:05:28+00:00June 25th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments

Putting your child on your business’s payroll for the summer may make more tax sense than ever

If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. And hiring your child may make more sense than ever [...]

By |2018-07-10T17:51:26+00:00May 29th, 2018|Categories: Blog, Tax|Tags: , , , , |0 Comments

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+00:00May 8th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments

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+00:00April 24th, 2018|Categories: Blog, 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 [...]

What Businesses Can Expect From Tax Reform

Now that the Tax Cuts and Jobs Act has officially been passed, it’s time to start looking at how these changes will affect your business. Below is an overview of what’s in the tax bill and how businesses may [...]

By |2018-04-11T15:10:52+00:00March 1st, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

Tax Reform for Individuals

How Tax Reform Affects Individual Filers Now that the Tax Cuts and Jobs Act has officially been passed, it’s time to start thinking about how these tax changes will affect taxpayers. Below is a brief overview of what’s in [...]

By |2018-01-15T17:06:33+00:00January 15th, 2018|Categories: Blog, Monic Ramirez, Tax|Tags: , |0 Comments