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 All miscellaneous itemized deductions that are subject to 2% of AGI limit are temporarily repealed for…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…

Tax reform’s sweeping changes not only impact individuals and for-profit businesses in 2018, but also includes changes that non-profits need to be aware of. Provisions within the Tax Cuts and Jobs Act (TCJA) will affect charitable giving and…

Note: Have questions when it comes to tax reform’s new deduction rules? Our upcoming Alloy Academy “I Can Deduct That, Right?” will go over what is and is no longer deductible with the Tax Cuts…

As a small business owner, the words “trade war” and “tariff” can be unsettling. When cost uncertainty is on the horizon, you will want to be prepared as much as possible. Here are some ideas…

As students head back to school, there are some changes to education deductions that could save or cost you more in taxes and even raise college tuition costs. Here is what you need to know…

With unemployment at historically low rates, retaining employees is harder than ever. Here are some tips to help your business maintain a thriving workforce: Invest in current employees. One of the key opportunities for business…

Under recent tax legislation, you can no longer claim personal exemptions, including ones for your children and other relatives (now through 2025). That means if you’ve been claiming an exemption for an elderly parent you…