January 24, 2020
New Year, New Tax Laws: How Key Changes May Affect You
As 2019 drew to a close, Congress enacted a slate of new tax laws that will impact you in 2020 and beyond. Below is a summary detailing a few of these key...
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News
November 5, 2019
What You Need to Know for 2019 Year-End Tax Planning
Looking Forward while Reflecting on 2018: What You Need to Know for 2019 Year-End Tax Planning 2019 is rapidly drawing to a close. With 2020 just around the corner, we are...
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June 20, 2019
Business Tax Deductions: Are You Missing Out?
Many self-employed business owners fail to deduct certain qualifying business expenses. As a result, small business owners unnecessarily pay millions of dollars in taxes every year. We have compiled a list of...
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May 3, 2019
Recent Tax Developments You Should Know About
Recent Tax Developments You Should Know About Various important tax developments occurred in Q1 2019 that may affect you financially. Please review the following summary of changes. Estimated Tax Penalty Relief For...
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February 1, 2019
A Tax Saving Strategy for Family Businesses
Have you ever considered employing your children? You and your children could benefit from hiring within the family. Paying your children for services performed in your family business can reduce your overall...
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November 28, 2018
2018 Year-End Tax Planning
With 2018 quickly nearing its conclusion, we are considering tax strategies to benefit clients in 2018 and beyond. This year-end has been especially busy due to the Tax Cuts and Jobs Act...
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August 23, 2018
The Tax Cuts and Jobs Act: Implications for Trust Taxation
In a bid to simplify the tax filing process, the 2017 “Tax Cuts and Jobs Act” (TCJA) significantly reduced a number of deductions previously allowed to individuals. Although the TCJA does not...
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June 6, 2018
Qualified Opportunity Zone
The Opportunity Zones Program: Potential for Capital Gains Deferral or Elimination With the 2017 tax reconciliation reform (Tax Cuts and Job Acts) comes a new tax incentive program aimed at promoting investments...
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May 1, 2018
Miscellaneous Tax Updates
In the first three months of 2018, there have been a number of changes to tax laws that may affect your financial well-being, your family, your investments, and your livelihood. We have...
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March 7, 2018
The Nanny Tax
What is the True Cost of Employing Household Staff? When families hire household help (nannies, caregivers, house cleaners, et al), it is easy to overlook the possibility for the required “Nanny Tax,”...
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