As a result of the latest sweeping tax reform, there are about 8,700 designated Opportunity Zones throughout the United States. Navigate the below map to find eligible municipalities and speak with your CPA about the…

Tax reform means you have to rethink and retool your tax return. One possibly tax savings opportunity could be holding your 2018 charitable contributions and medical bills until 2019. The passage last year of the…

In December 2017, the Tax Cuts and Jobs Act was signed into law. The bill represented the first major tax reform since the 1980s. Some of the most notable pieces of the bill were the…

Taxpayers who earn wages as an employee pay in most of their federal and state income taxes through payroll withholding.  This is a great system if the calculations are correct.  The taxpayer gets to spread…

Conduct an online search of the phrase “side hustle” and you will find websites with countless ideas on how you can make some quick money. Many apps exist nowadays to enable you with opportunities and a…

Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes this year. Here are some ideas to get you started. Assess your income. Begin by…

One of the changes brought by Tax Cuts and Jobs Act (TCJA) is elimination of many personal itemized deductions. All miscellaneous itemized deductions that are subject to 2% of AGI limit are temporarily repealed for…

Hiring your own children – whether employed part time in the mailroom or full time managing your operations – can be an adventure. But is it always the best idea? It can be beneficial for…