Don’t Miss the 2018 Gift Tax Deadline
The 2018 gift tax return deadline is almost here Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine…
Pass-through Entities and March Tax Deadline
Beware the Ides of March — if you own a pass-through entity Shakespeare’s words don’t apply just to Julius Caesar. They also apply to calendar-year partnerships, S corporations, and limited…
NFP Taxes and Parking-Related Expenses
Nonprofits Now Subject to Tax on Parking-Related Expenses If your nonprofit organization provides parking benefits to your employees pre-tax, or otherwise provides parking for your employees, than your organization may…
Small-business Owners Don’t Forget These Tax Changes
Tax filing season is upon us. After year-end, it’s generally too late to take action to reduce 2018 taxes. Business owners need to plan accordingly and assess whether they’ll likely…
Depreciation-related Tax Breaks on Business Real Estate
What you need to know when you file your 2018 tax return Commercial buildings and improvements are generally depreciated over 39 years. Over the depreciation period, this essentially means, you…
What will your marginal income tax rate be?
TCJA and Your Marginal Income Tax Rate While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes…
Early 2019 Business Tax Deadlines
1st quarter tax 2019 deadlines for businesses and other employers Listed below are tax-related deadlines for businesses and other employers during the first quarter of 2019. This list isn’t all-inclusive,…
Buy Business Assets Before Year-end for Tax Breaks
Business year-end for tax breaks Two depreciation-related tax breaks, Tax Cuts and Jobs Act (TCJA), are becoming popular year-end tax planning tools for businesses, and you can get in on…
Donate appreciated stock for twice the tax benefits
Charitable contributions have been a long-standing tax strategy as long as you itemize and your gift qualifies. Did you know you can receive an additional tax benefit if you donate…
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…