Jan 9, 2018 | Firm Updates, Individual Tax, Tax Tips
The IRS announced that it will begin accepting 2017 income tax returns on January 29. You may be more concerned about the April 17 filing deadline, or even the extended deadline of October 15 (if you file for an extension by April 17). After all, why go through the...
Jan 4, 2018 | Firm Updates, Individual Tax, Tax Tips
For individual taxpayers, the new tax law—commonly known as the Tax Cuts and Jobs Act (TCJA)—includes many expected changes, some unexpected ones, and some that didn’t make the final cut. Here are the most important things that individual taxpayers need to know...
Jan 2, 2018 | Firm Updates, Small Business, Tax Tips
The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances—temporarily—is bonus depreciation. While most TCJA provisions go into effect for the 2018 tax year, you might be able to benefit from...
Dec 28, 2017 | Firm Updates, Individual Tax, Tax Tips
On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years. Commonly called the Tax Cuts and Jobs Act (TCJA), the new law means substantial changes for individual taxpayers. The following is a brief overview of some of the...
Dec 20, 2017 | Firm Updates, Retirement Planning, Tax Tips
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who are already maxing out their contributions is that the 401(k) limit has gone up...
Dec 12, 2017 | Firm Updates, Tax Tips
Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have complete control over when and how much you give. Here are some important considerations to keep in mind this year to ensure you...
