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Which Tax-Related Limits Affecting Your Business Are Increasing in 2019?
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some of the...
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
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There’s Still Time to Get Proof for 2018 Deductible Donations
If you’re like many generous Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your...
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Is There Still Time to Pay 2018 Bonuses and Deduct on 2018 Return?
There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee...
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Automatic Extension Available for Making Portability Election
Portability allows a surviving spouse to apply a deceased spouse’s unused estate tax exemption amount toward his or her own transfers during life or...
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6 Last-Minute Tax Moves for Your Business
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute...
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Check Deductibility Before Making Year-End Charitable Gifts
As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the spirit of the season and as a year-end tax...
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Year-End Tax and Financial To-Do List for Individuals
With the dawn of 2019 on the near horizon, here’s a quick list of simple tax and financial to-dos you can easily address before 2018 ends:
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Does Prepaying Property Taxes Make Sense Anymore?
Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end...
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When Holiday Gifts & Parties Are Deductible or Taxable
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday...
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Mutual Funds: Handle with Care at Year End
As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to avoid potential tax...
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It’s Not Too Late: You Can Still Set up a Retirement Plan for 2018
If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up a tax-advantaged retirement plan,...
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Deferral of Income Tax for Executives
If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. What do you need to do...
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Reduce 2018 Tax Liability - Buy Business Assets Before Year End
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses.