Gifts to Loved Ones May Have Tax Consequences
Gift Tax 101 According to the Pew Research Center, 10,000 baby boomers will reach age 65 every day for the next 19 years. This is the time many baby boomers…
Audit Opinions: How Your Financial Statements Measure Up
What’s Your Audit Opinion The type of opinion your auditor issues tells stakeholders whether you’re in compliance with accounting rules and likely to continue operating as a going concern. These…
Gambling Wins and Losses Have Tax Consequences
Did You Win Big? Time to Pay the Tax-Man Gambling wins and losses can affect your income tax bill and it’s important to understand how. Additionally, the Tax Cuts and…
Strong Business Practices will Increase Sales
Adjust Your Business Sales Strategies Fluctuations in the economy, changes in business customer interest and dips in demand may cause slowdowns in your product or services sales. But in this…
Tax Planning for Investments Gets More Complicated
Tax planning for investments It’s definitely tax planning time and this year the Tax Cuts and Jobs Act (TCJA) could create some unintended consequences for taxpayers. For investors, now is…
How Old is Your Business Plan?
Time to review and update the business plan Reviewing and revising a business plan can be a great way to plan for the year ahead. Like most business owners, you…
IRS Clarifies the Business Meal Deduction
The business meal deduction and your business The IRS issued interim guidance yesterday on the business meal deductibility under the Tax Cuts and Jobs Act (TCJA) clarifying that taxpayers can…
Is Your Business Growing?
Considering a second location for your Business? Growing your business is your number one priority. Business owners spend lots of time thinking about the next big move to keep growing.…