On December 22, 2017, President Trump signed the new tax reform bill, the Tax Cuts and Jobs Act, into law. This new tax law brought big changes for both individuals and companies. In general, the changes to individual provisions expire at the end of 2025, but the corporate changes are permanent. While new the new […]
Addressing your tax liability effectively requires tax planning throughout the year. Those business owners who reap the most benefits consider their taxes year-round, rather than waiting to focus on tax payments only a few weeks before the filing due date. A typical small business qualifies for roughly a dozen tax deductions. For example, you can […]
November 29, 2016, is called “Giving Tuesday.” Joining in the trend of Black Friday, Small Business Saturday, and Cyber Monday, the Tuesday after Thanksgiving has grown into one of the biggest fundraising drives for non-profits. It’s a day when charities encourage people to make year-end donations, many through using the hashtag on social media of […]
1. Joint vs. Separate Returns One of the first decisions for a married couple to make is whether to file jointly or separately. Most couples will fare better with a joint return, but that’s not always the case. For example, one spouse might have a disproportionately high amount of casualty losses or deductible medical or […]