Category Archives: Planning Strategies

Reminder for New Tax Return Due Dates, Other Tax Reform Changes

Due dates changed for partnerships, C corporations and several other business returns last year. For calendar-year S corporations and partnerships, the filing date is March 15 and is April 15 for C corporations. The date for fiscal year C corporations … Continue reading

Posted in Compliance, Corporate Taxes, Health Care, IRS, Personal Taxes, Planning Strategies, Self-Employed, Small Business, Tax Law Changes, Tax Tips, Taxes, Year End | Tagged , , , , , , , , | Leave a comment

Year End: Tax Planning Considerations for Businesses & Business Owners

The tips below were included in our 2018 Year-End Business Client Guide. Tip #1 – For tax years beginning after 2017, taxpayers other than corporations may be entitled to a deduction of up to 20% of their qualified business income. … Continue reading

Posted in Corporate Taxes, IRS, Planning Strategies, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Tips, Taxes, Year End | Tagged , , , , , , , , , , , , | Leave a comment

Here’s How the New Tax Law Revised Family Tax Credits

The following article was published by the IRS. More families will be able to get more money under the newly-revised Child Tax Credit, according to the Internal Revenue Service. The Tax Cuts and Jobs Act (TCJA), the tax reform legislation … Continue reading

Posted in Child Tax Credit, Credit for Other Dependents, IRS, Personal Taxes, Planning Strategies, Tax Credits, Tax Law Changes, Tax Relief, Tax Tips, Taxes | Tagged , , , , , , , | Leave a comment

Tax Cuts and Jobs Act (TCJA)

The TCJA was signed into law at the end of 2017. The IRS has been working throughout 2018 on this major piece of tax legislation, issuing proposed regulations, notices, memos, FAQs and more to help businesses make sense of all … Continue reading

Posted in Corporate Taxes, IRS, Planning Strategies, Self-Employed, Small Business Association (SBA), Tax Credits, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes, Year End | Tagged , , , , , , , , | Leave a comment

Best Money Gifts for Kids

As parents, it’s important to help lay a solid foundation for our children, especially when it comes to finances. While you can’t avoid challenges in your child’s life, you can significantly lessen financial stress if you teach them how money … Continue reading

Posted in Holiday Tips, Investing, IRS, Personal Finance, Planning Strategies | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Small Business Owners, Self-Employed Should Plan Now for New Changes

The following article was published by the IRS. Before the end of the year, small business owners should become familiar with how the new tax law changes may affect them. The Tax Cuts and Jobs Act, passed in December 2017, … Continue reading

Posted in Corporate Taxes, IRS, Planning Strategies, Self-Employed, Tax Credits, Tax Deductions, Tax Law Changes, Tax Tips, Taxes, Year End | Tagged , , , , , , | Leave a comment

Ways to reduce your tax burden before year-end

The new tax law has added some wrinkles to how many Americans deal with their tax returns. In the past, it was common to try to maximize deductions during the year and then itemize on your return. However, with the … Continue reading

Posted in FSA, Health Care, HSA, IRA, IRS, Personal Finance, Planning Strategies, Tax Credits, Tax Law Changes, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment