HOW ENTREPRENEURS MUST TREAT EXPENSES ON THEIR TAX RETURNS Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
business expenses
Lease or Purchase – Which is the Better Tax Decsion for your Business
WILL LEASING EQUIPMENT OR BUYING IT BE MORE TAX EFFICIENT FOR YOUR BUSINESS? Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many...
What percentage of Americans used only credit and debit cards in the last week?
Major Tax Law CHanges for Small Business Owners
A REFRESHER ON MAJOR TAX LAW CHANGES FOR SMALL-BUSINESS OWNERS The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to...
Buy business assets before year end to reduce your 2018 tax liability
Buy business assets before year-end to reduce your 2018 tax liability 2018 Year End Tax Planning The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these...
New tax Law Changes Business Loss Deductions
TCJA CHANGES SOME RULES FOR DEDUCTING PASS-THROUGH BUSINESS LOSSES It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the...
Deducting Business Travel with Vacation
CAN YOU DEDUCT BUSINESS TRAVEL WHEN IT’S COMBINED WITH A VACATION? At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound...
New Tax Act changes affecting Small Business
A REVIEW OF SIGNIFICANT TCJA PROVISIONS AFFECTING SMALL BUSINESSES Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s a good time to review some of the provisions of the Tax Cuts and Jobs Act (TCJA)...
Sec 179 Expensing
SEC. 179 EXPENSING PROVIDES SMALL BUSINESSES TAX SAVINGS ON 2017 RETURNS — AND MORE SAVINGS IN THE FUTURE
