Even though 2019 is just around the corner, you still have time to take action and save on your business tax bill. Here are 10 ideas to consider: Buy equipment. Generally, you can claim an…

Business taxes involve a lot of paperwork, and those papers typically contain a lot of personal financial information. Are you taking steps to make sure your records are secure? Here are a few tips to…

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 All miscellaneous itemized deductions that are subject to 2% of AGI limit are temporarily repealed for…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

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…