Are you selling real estate or other investment or business property like collectibles or cars? Generally, you’ll owe capital gains tax on a gain, but you might arrange a Section 1031 exchange of “like-kind property”…

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…

Revenue, gross margin, net profit – these are the basic metrics every small business owner watches closely. But there are also some often-overlooked metrics that can deepen your insight into your business and inform your…

If you have a business trip lined up to a charming city or summer resort, you may end up tacking on a few days of vacation while you’re there. And guess what? Most expenses will…

Health care coverage gaps happen. Whether because of job loss or an extended sabbatical between gigs, you may find yourself without health care for a period. Here are some tax consequences you should know about,…

As you have heard, the only certainties in life are “death and taxes.” Prudent couples plan for the future, including the reality of death, even when both partners expect to live for decades. Someone who…

The Tax Cuts and Jobs Act (TCJA) put some sharper teeth into the “kiddie tax” rules. But with some astute planning, parents can avoid dire tax consequences. Starting this year, the calculation used to tax…

A cleaner, quicker, more organized month-end. Here’s something your future self will thank you for! At the end of each month accounting departments collect, analyze and record financial data in a process known as “closing…