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11 12, 2017

Sold Your Home This Year? Thinking of Selling? Read This!

By | 2017-12-01T19:04:26+00:00 December 11th, 2017|Categories: Uncategorized|0 Comments

Article Highlights:   Home Sale Exclusion 2 out of 5 Rule Business Use of the Home Gain or Loss from a Sale Previous Use as a Rental Records If you sold your home this year, or if you are thinking about selling it, you should be aware of the many tax-related issues that could apply [...]

8 12, 2017

Senate Passes Tax Bill; What’s Next?

By | 2017-12-08T18:09:42+00:00 December 8th, 2017|Categories: Uncategorized|0 Comments

Article Highlights: Tax Cuts and Jobs Act Heads To Reconciliation Tax Rates Medical Deductions Deduction For Taxes Home Mortgage Interest Tax on Business Pass-Through Income Alternative Minimum Tax (AMT) Business Expensing Repeal of ACA Health Insurance Mandate The Senate GOP finally brought their version of the Tax Cuts and Jobs Act out of committee and [...]

7 12, 2017

The Ultimate Cheat Sheet on Growing Your Business

By | 2017-12-01T18:56:33+00:00 December 7th, 2017|Categories: Uncategorized|0 Comments

Every business must have a constant eye on growth. If your company is not growing, it is losing key opportunities and longevity. Yet, growth does not always come from increased sales. In many cases, it's important to take an inside look at how you are operating, what costs you have, and how you can better [...]

4 12, 2017

Important Things to Know About IRAs

By | 2017-12-01T18:53:30+00:00 December 4th, 2017|Categories: Uncategorized|0 Comments

Article Highlights: IRA Contribution Limits Compensation Active Participation Traditional IRA AGI Phaseouts Nondeductible Contributions Spousal IRA Roth IRA Back Door Roth IRA Penalties Rollovers Conversions Required Minimum Distributions   Blog: The individual retirement account (IRA) is one of the favored ways to save money for retirement. There are two types of IRAs: the traditional IRA [...]

1 12, 2017

Early Year-End Tax Planning To Take Advantage Of Possible Tax Reform

By | 2017-12-01T19:00:30+00:00 December 1st, 2017|Categories: Uncategorized|0 Comments

Article Highlights: Taking Advantage of Tax Reform Itemized Deductions Taking Tax Advantage of Loser Stocks Maximize Education Credits Business Expensing So, why do we think tax planning is appropriate this year? Actually, with the prospect of major tax reform on the horizon, some strategies can be employed before the end of the year that can [...]

17 11, 2017

Unique Charitable Giving Options

By | 2017-11-17T18:56:27+00:00 November 17th, 2017|Categories: Uncategorized|0 Comments

Article Highlights: Charitable Deduction AGI Limitations Special Hurricane Relief Contribution Provisions Donations of Unused Employer Time Off Contributions of Appreciated Assets IRA to Charity Contributions Cash Contributions Non-cash Contributions Avoiding Fraudulent Charities The end of the year and holiday season is the time of the year when everyone is feeling charitable, and a time when [...]

13 11, 2017

House Releases Tax Cuts & Jobs Act – See How It Might Affect Your Business

By | 2017-11-13T22:29:41+00:00 November 13th, 2017|Categories: Uncategorized|0 Comments

Article Highlights   Maximum Tax Rate on Business Income of Individuals Business Expensing Sec 179 Business Interest Expense Limitation Business Entertainment Sec 1031 Exchanges Self-Created Property Domestic Production Deduction Business Credits Corporate Tax Rate Personal Service Corporation Tax Rate Net Operating Loss   This is part 2 of a 2-part series on the proposed Tax [...]

10 11, 2017

Tax Cuts and Jobs Act – See How It Would Affect You Part 1

By | 2017-11-10T17:22:54+00:00 November 10th, 2017|Categories: Uncategorized|0 Comments

Tax Cuts and Jobs Act - See How It Would Affect You . Article Highlights Deductions Exemptions Tax Rates Family and Child Tax Credits Education Benefits Plug-In Electric-Vehicle Credit Alimony Home-Sale Gain Exclusion Moving Expenses Estate Taxes   This is Part 1 of 2 in a series on the proposed Tax Cuts and Jobs Act. [...]

8 11, 2017

A Beginner’s Guide to Bookkeeping

By | 2017-11-08T00:09:49+00:00 November 8th, 2017|Categories: Uncategorized|0 Comments

If you’re a new business owner, you might not remember the last night you slept more than four or five hours. Your days may be filled with developing marketing strategies, screening potential employees and trying to figure out how to set up a bookkeeping system. If working with numbers isn’t your favorite pastime, the latter [...]

2 11, 2017

Not All Interest Is Deductible For Taxes

By | 2017-10-27T16:42:22+00:00 November 2nd, 2017|Categories: Uncategorized|0 Comments

Article Highlights: Interest Categories Category Deductibility Interest Tracing Rules A frequent question that arises when borrowing money is whether or not the interest will be tax deductible. That can be a complicated question, and unfortunately not all interest an individual pays is deductible. The rules for deducting interest vary, depending on whether the loan proceeds [...]