Feb 8, 2018 | Firm Updates, Small Business
The Tax Cuts and Jobs Act (TCJA) provides businesses with more than just lower income tax rates and other provisions you may have heard about. Here’s an overview of some lesser-known, business-friendly changes under the new law, along with a few changes that...
Feb 7, 2018 | Firm Updates, Individual Tax, Tax Tips
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has temporarily...
Feb 6, 2018 | Firm Updates, International Tax
Last week we discussed two forms that may need to be filed if you have foreign accounts. This week, we will look at the fictional case of Steve and Marie, married U.S. citizens who live in the United States but travel to Canada regularly. Steve and Marie love to...
Feb 1, 2018 | Firm Updates, Individual Tax, Tax Tips
Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or...