Tax Cuts and Jobs Act – Confused?
Personal exemptions and standard deductions and tax credits, oh my! Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But…
Make Budgeting Part of Your New Year’s Resolution
Make a budget now It’s important to resist the temptation to rely on gut instinct or take shortcuts when budgeting for 2018. Creating a solid budget that’s based on the…
Cash Balance Plans
More professional practices (and practice groups) should look into Cash Balance Plans. Provided by Dane A. Wilson, Wealth Management Advisor In corporate America, pension plans are fading away: 59% of…
Bonus Depreciation and the TCJA
The TCJA temporarily expands bonus depreciation The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily…
Time for Strategic Planning
You must find time for strategic planning As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-day tasks and crises…
2018 Q1 Tax Calendar
Key tax deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep in mind…
Tax and Year-end Charitable Giving in 2017
What you need to know about year-end charitable giving in 2017 Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have…
Do your financial statements contain hidden messages?
Do you “Read” your financial statements? Over time, many business owners develop a sixth sense: They learn how to “read” a financial statement by computing financial ratios and comparing them…
Demystifying the Audit Process
Audit and You Independent auditors provide many benefits to business owners and management: They can help uncover errors in your financials, identify material weaknesses in your internal controls, and increase…
Moving 2018 Property Tax Payment to 2017
Why you may want to accelerate your property tax payment into 2017 Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good…