Could the IRS view your side hustle as a hobby instead of a business? If they do, you could be in for a rough surprise come tax time. Know what it takes to ensure your business doesn’t fall prey to the brutal Hobby Loss rules.
Our Dec 2018 bulletin looks at the affect of the new SALT deduction limits on home sales, the importance of powers of attorney, and how small businesses should handle year-end bonuses.
Update: The IRS recently released guidance related to the 20% QBI deduction. In this article we dig into the concept of aggregation and what it means for owners of multiple related businesses.
Our November client bulletin takes a look at tax planning for individuals and businesses under the new tax law, with a close look at changes to individual deductions.
The new tax law made changes that can reduce or even remove the tax benefits of making charitable contributions. We put together a few strategies that you can use to save on taxes while maintaining your charitable giving.
Our October 2018 client bulletin takes a look the Supreme Court’s decision in the Wayfair case and how it affects e-commerce businesses, buy-write strategies for a flat market, and how bond ladders may hedge interest rate hikes.
Our September 2018 client bulletin takes a look at the IRS’s recent notice regarding changes to the SALT deduction, using life insurance as a hedge, and funding your buy-sell agreement with life insurance.
Starting a new business can mean lower-than-usual income until things get up and running. So can taking off time to travel or care for a loved one. Make the most of a low-income year by having the government help you fund your IRA with the Saver’s Credit.
Our August 2018 client bulletin takes a look at how the new tax law affects 529 plans, the G.I. Bill (it’s forever), and education as a small-business fringe. Not sure about something you read? Think it may apply to you? Give us a call!
On June 23rd, the Supreme Court issued its decision in the South Dakota v Wayfair case, overturning the Quill physical presence standard for nexus that had been the law of the land for sales tax purposes for the past several decades. Here’s what you need to know…
