Nov 29, 2018 | Firm Updates, High Technology
The Tax Cuts and Jobs Act (TCJA) is the biggest change to the tax code since 1986. Many of the changes will significantly impact technology companies. The TCJA changed tax rates for all companies. It reduced the corporate tax rate to a flat 21% from the maximum 35% in...
Nov 28, 2018 | Firm Updates, Individual Tax
Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning strategies. But does it still make sense in 2018? The answer, for some people, is yes—accelerating this expense...
Nov 27, 2018 | Firm Updates, International Tax
When paying income taxes, individuals often assume they are only required to pay taxes to the country where they are living. However, under U.S. law, U.S. citizens and U.S. residents must file U.S. tax returns and report their worldwide income regardless of where they...
Nov 21, 2018 | Firm Updates, Retirement Planning
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) up to the regular annual limit? Then you may want to make “catch-up” contributions by the end of...
Nov 20, 2018 | Firm Updates, Tax Tips
The end of the year is a great time to consider making a charitable contribution in support of the causes you care about. Here are some tax considerations to keep in mind when making your donations. Timing of Charitable Contributions Charitable contributions are...