July 2018 Client Bulletin
Our July 2018 client bulletin takes a look at a little more give in the gift tax, making sure you don’t neglect estate planning, and moving your business to a low-tax state.
Blog
It Is Never Too Late to Update Your Withholdings
Did you do your “paycheck checkup”? Are you having the correct amount of tax withheld after changes enacted by the Tax Cuts and Jobs Act? This calculator can help you make sure your withholding still works under the new tax code.
This New Election Allows Employees to Defer Income from Exercising Stock Options or RSUs for Up To Five Years Using Section 83(i)
An employee who receives equity-based compensation may have to pay tax when they receive or exercise stock or options, but the terms of the grant (such as a vesting period) may not allow them to exercise the option and/or sell the shares until a later date, leaving the employee with a tax bill and no way to liquidate their options to pull together the cash to pay the taxes due. The new Section 83(i) election aims to resolve this timing difference.
Changes to Depreciation Limits on Luxury Automobiles
The 2018 tax law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017, with the greatest allowable deduction for year one now going up to $18,000 (with bonus depreciation) and $10,000 (without bonus depreciation).
June 2018 Client Bulletin
Our June client bulletin takes a look at how small businesses cope with summer vacations, the IRS giving a thumbs up on home equity deductions, and how a retirement bucket plan can help navigate a volatile market.
Changes to Depreciation Rules Under the New Tax Law: Section 179 and Bonus Depreciation
The new tax law made changes to how you can depreciate the fixed assets purchased by your business. Here’s what you need to know about the changes to section 179 and bonus depreciation.
Planning Ahead – What You Can Do Today to Set Yourself Up for Quick and Easy 1099 Filings at Year-End
Filing 1099s is a necessary evil that comes with the territory of running a business. While most people think of 1099s as something to deal with at year-end, you can drastically simplify your year-end process by improving your processes today.
May 2018 Client Bulletin
Our May 2018 client bulletin takes a look at how the new tax law affects divorce, stretching for yield in your investments (carefully), and the new tax law’s change to the deductibility of entertainment expenses.
April 2018 Client Bulletin
Our April 2018 client bulletin takes a look at how to know your true tax rate, rethinking retirement contributions, Roth IRA conversions, state and local taxes, medical deductions and the new pass-through entity deduction.
IRS Grants Businesses Winter Storm Extension on 3/15 Deadline
The IRS today announced that it would be granting many businesses in the Northeast and Mid-Atlantic affected by the recent winter storms an extra 5 days to request an extension of time to file their 6-month extension.