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).
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.
Our February 2018 client bulletin takes a look at solving the annuity puzzle, deducting employee business expenses, and insuring key people at small companies.
The 20% Pass-Through Income Deduction introduced by the new tax law may help you to reduce your taxes, but it is fraught with limitations, phase-outs and criteria. Find out if your business qualifies for this new, and potentially lucrative, deduction.
Check out our December client bulletin for a look at asset management fees, Roth IRA reversals and year-end thank you gifts from business owners.
Our November client bulletin is all about year-end tax planning! Check it out for a look at planning for investors, retirement, charitable donations, small business and more!
An S-Corp is a popular structure to use for a small business. However, despite having many positive features, an S-Corp is a highly inflexible structure with many limitations. One such limitation is the way in which income or loss can be allocated to the shareholders.
Our February 2017 client bulletin takes a look at after-tax dollars in traditional IRAs, options for long-term care products, and a case for defined benefit plans for (very) small companies.
While the IRS hasn’t issued final regulations on how crowdfunding arrangements should be taxed, we review the guidelines that can be followed to make sure you stay on the right track.
An 83(b) election can be an extremely useful tool to minimize the tax burden on an entrepreneur or team member at a startup who is compensated, at least in part, in stock or ownership interest in the company. We explore a few examples of how this election can make a big difference to a taxpayer’s bottom line.
