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11 01, 2018

1099 Filing Date Just Around the Corner

By | 2018-01-11T20:26:20+00:00 January 11th, 2018|Categories: Uncategorized|0 Comments

Article Highlights:   Independent Contractors 1099 Filing Requirement Due Dates Penalties Form W-9 and 1099 Worksheet If you operate a business and engage the services of an individual (independent contractor) other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, you are [...]

11 01, 2018

Tax Time Has Arrived! Are You Ready?

By | 2018-01-09T22:21:55+00:00 January 11th, 2018|Categories: Uncategorized|0 Comments

Article Highlights:   It is time to gather your information for your tax appointment Choosing your alternatives Tips for pulling your information together   If you’re like most taxpayers, you find yourself with an ominous stack of “homework” around TAX TIME! Pulling together the records for your tax appointment is never easy, but the effort [...]

9 01, 2018

Divorced, Separated, Married or Widowed? Unpleasant Surprises May Await You at Tax Time

By | 2018-01-09T21:35:48+00:00 January 9th, 2018|Categories: Uncategorized|0 Comments

Article Highlights: Separated Taxpayers Divorced Taxpayers Recently Married Taxpayers Widowed Taxpayers Filing Status Joint and Several Liability Who Claims the Children Alimony Community Property States Affordable Care Act Taxpayers are frequently blindsided when their filing status changes because of a life event such as marriage, divorce, separation or the death of a spouse. These occasions [...]

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 [...]