The most sweeping tax overhaul in decades brings lots of changes in federal tax code for businesses, ranging from a lower corporate tax rate to big tax savings for asset purchases. But there are also…

What is the SALT deduction limit? One of the provisions of the Tax Cuts and Jobs Act that was passed in December of 2017 limits the itemized deduction for state and local taxes (SALT) to…

Do you work from home? Frequently, you can qualify for home office deductions offsetting taxable income from a sole proprietorship or other small business. However, if you’re not careful, one misstep can cost you your…

While giving gifts to charity is usually a reward on its own, donors could often also expect to get a tax deduction. Because of recent tax law changes, that may not be the case this…

Now is the ideal time to schedule a tax planning session. Your 2017 tax return outcome is still fresh, and it’s early enough in the year to take advantage of the numerous tax law changes…

The Tax Cuts and Jobs Act (TCJA) contains many provisions which affect business and business owners.  Some of these changes are specific to certain circumstances or types of business.  The depreciation changes, however, may apply…

The Tax Cuts and Jobs Act (TCJA) was passed by Congress in a hurry late last year, and the IRS and tax preparers have been working to digest some of the more thorny issues created…

By now, the major provisions of the tax reform have been discussed in the media and most people are aware of things like the increased standard deduction, the limitation on the deduction for state and…