Potential to Reduce Your Tax Bill by as Much as $2,000 per Qualifying Child Raising children is an expensive responsibility. So it’s worth your while to take just a few minutes to see if you may qualify for relief under the Child Tax Credit (CTC). The CTC has been expanded under the new tax law...Read More
Do So Charitably, and With Caution This is the season for giving. Generally we all feel more willing to open our purses for good causes. And there are plenty of opportunities to do so … both solicited and unsolicited by you. So in this article we’ll cover two major considerations before you write that check...Read More
Business & Individual Tax Rates, Deductions, Exemptions & Credits Once again, the season for tax planning is upon us … and this year with a number of challenges for both businesses and individuals. The primary driver is the changes brought about by the passage of the Tax Cuts and Jobs Act (TCJA). On balance, most...Read More
END OF YEAR TAX STRATEGIES For Business Owners and Individual Taxpayers Yes … it’s hard to believe … the 2018 income tax season is nearly upon us. Certainly, seems like we just finished with 2017. As the old adage goes, “No time like the present”, to start thinking about what steps to take to be...Read More
SUPREME COURT RULING STUNS SMALL ONLINE BUSINESSES At Stake … Comply With Tax Laws of 50 States and 3,000+ Counties To Collect and Remit Sales Taxes In a decision earlier this year, the Supreme Court of the U.S. (SCOTUS) ruled that states may collect sales taxes on sales by businesses within the state … whether...Read More
VACATION RENTAL HOME BENEFITS & TAX BREAKS Personal Use and As a Rental Unit Well here we are half way through the summer and many of us have taken a vacation … maybe at a pricey resort or just day trips to the beach, lakes or the mountains. In this article, we’ll take a look...Read More
FOUR TAX TIPS FOR SMALL BUSINESSES The New Tax Law – Much to Applaud by Small Business Here we are better than halfway through the 2018 tax year and small businesses have much to be happy about as a result of the Tax Cuts and Jobs Act (TCJA). That said, while there is much to...Read More
QSEHRA: NOT A WORD … AN ACRONYM Health Benefit Option for Employers with 50 or Fewer Employees If you are an employer with 50 or fewer employees and have not heard of or participated in QSEHRA, this article is for you. First let’s flesh out the acronym QSEHRA … Qualified Small Employer Health Reimbursement...Read More
SO YOU GOT MORE MONEY IN FEBRUARY! Caution: The Bump In Your Paycheck May Not Be All Yours! The reason your check was bigger last month is because income tax brackets under the new tax law have changed. That means that the vast majority of American workers are enjoying more money in their pocket this...Read More
NEW TAX LAW AND THE GIG ECONOMY Attractions and Aversion for Workers and Employers The 21st Century worker landscape is rapidly gaining altitude in the gig economy sector … that’s the increased motivation and availability by both employers and workers, respectively, to hire and be hired as independent contractors. The percentage of workers that make...Read More
