The $1.9 trillion American Rescue Plan that passed earlier this year expanded the Child Tax Credit, an initiative aimed at putting money in the pockets of families. If you have…
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Whether you file your taxes yourself or work with a preparer, it’s absolutely critical to protect your personal information. Before you enter your Social Security number, review these 6 tips…
The 2017 Tax Cuts and Jobs Act introduced some significant changes to the way businesses could handle deductions for business meals and entertainment expenses. Although the TCJA guidelines for these…
The vast majority of businesses have depreciable assets: company property, buildings, equipment, vehicles, etc. Because they are used for business purposes, claiming depreciation of these assets helps to reduce the…
Last year was a big year for changes to retirement planning as contribution limits increased significantly for almost all plans and ages. At the tail end of 2019, President Trump…
When it comes to selecting someone to prepare your tax return, there are a lot of criteria to consider. Have you thought about whether the person offering to do your…
Prior to the Tax Cuts and Jobs Act (TCJA), taxpayers could exchange like-kind business property (such as trading in a business vehicle) and defer any gain until the property was…
Tax Planning and The Tax Cuts and Jobs Act The tax year 2018 is quickly ending. The Tax Cuts and Jobs Act (TCJA) makes tax planning more challenging this year,…
Preparing for Year End As the end of the year approaches, it can be confusing to decide what information you need to get together and send to your accountant. We…
The contribution limits for various retirement plans such as 401(k) plans have changed for 2018. The amount you can save for these accounts has gone up. Other retirement accounts have…
