Tax and Restricted Stock Awards
Receiving restricted stock awards? Consider the Sec. 83(b) election. Many employers provide stock awards as part of the compensation and benefit package for their employees. The tax consequences of such…
Tax Consequences of Home Sales
Selling your home? Be aware of the tax consequences. Summer is the peak time for home sales. But if you are thinking of putting your home on the market, in…
Are You Withholding Enough?
Check your withholding now to avoid a large tax bill in 2019 The Tax Cuts and Jobs Act (TCJA) could have an impact on the amount you withhold throughout the…
Start 2018 tax planning now
Tax Planning Already? You just finished filing your taxes or your extension so you breathe a sigh of relief. But don’t relax too long. To get the maximum savings next…
Tax Document Retention for Your Business
Tax document retention guidelines for businesses Your taxes are filed. But the office and computer files are bulging with all the records you’ve accumulated throughout the year and the…
Sec. 179 Business Tax Savings
Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in the future If you purchased qualifying property by December 31, 2017, you may be…
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…
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…
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…
More Tax Reform Details Revealed
Tax Reform Details Families and Individuals The number of tax brackets for individuals have been reduced from seven to four brackets, with the top bracket remaining at 39.6%. Preliminary break…