June Client Bulletin
In this month’s newsletter, find out when it might make sense to have a tax planning session to cut your 2024 tax bill.
tax bill
July Client Bulletin
Included in this month’s newsletter are several ideas to help you reduce your tax bill.
December Client Bulletin
Working from a home office has become a reality for many of us this year. But what, exactly, are the rules to be able to deduct your home office expenses on your tax return? Read about some ideas to help you qualify for the deduction.
Staying on Top of Changes to the 20% QBI Deduction (199A) – One Year Later
How has the 20% QBI Deduction changed since it’s release last year? This deduction was a fundamental change to the tax code brought on by the TCJA, and just over a year later (thanks to a recent IRS FAQ), we have some additional clarity on how it affects taxpayers (and who gets left out in the dust).
Update: Aggregating Multiple Pass-Through Entities for the 20% QBI Deduction
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.
What’s With This 20% Deduction on Pass-Through Income and Will It Help Me?
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.
Tax Reform Calls for Year-End Strategy
With the pending tax bill heading to completion, taxpayers should consider year-end strategies to make sure they are optimizing their tax situations in 2017 and beyond.