What do you call those deductible expenses that don’t fit squarely into any other category? The IRS refers to them as “miscellaneous” expenses. If you qualify, you can deduct the excess above 2 percent of…

Alloy Silverstein’s Tax Tip of the Week The Tax Cuts and Jobs Act (TCJA) does much more for businesses than lower corporate tax rates. With careful planning, your small business may realize big tax benefits…

Though many taxpayers appreciate the income tax cuts in the Tax Cuts and Jobs Act (TCJA) passed late last year, others are skeptical that it will simplify their tax planning.   Let’s Talk Tax Reform…

With the passage of the Tax Cuts and Jobs Act, deductions of state, local and property taxes are not worth as much as they used to be. Beginning in 2018, taxpayers are limited to a…

Alloy Silverstein’s Tax Tip of the Week The new tax reform law — the Tax Cuts and Jobs Act (TCJA) — preserves the deduction for medical expenses, unlike many other itemized deductions. But that’s only…

Tax Tip of the Week What moves should you make now in order to cut your taxes as the new tax law takes effect? Let’s Talk Tax Reform     Now that the massive new…

There are many provisions in the tax reform bill (The Tax Cuts & Jobs Act) passed in late 2017 designed to benefit small business owners. They include a lower corporate tax rate as well as…

If you are a small business owner, your planning probably got a lot trickier after the passage of the Tax Cuts and Jobs Act (TCJA). That’s because most small businesses have legal structures that are…