With a new Democratic Administration, there will be significant cutbacks in deductions for most businesses. That makes these 2020 tax planning tips all the more valuable. We are available to advise if you have questions regarding your specific situation.

Major changes to the federal income tax code became effective for 2018 under the Tax Cuts and Jobs Act (TCJA). Most individual income tax filers were affected, some positively, others not so much.

As we embrace yet another New Year, it’s a good time to take stock of financial priorities. Here are some thoughts for 2019.

Over the past several months, we’ve digested the many tax law changes brought by the Tax Cuts and Jobs Act (TCJA). These changes bring a host of uncertainties as well as planning opportunities. Please download the PDF to see the details.

Over the past several months, we’ve digested the many tax law changes brought by the Tax Cuts and Jobs Act (TCJA). These changes bring a host of uncertainties as well as planning opportunities. Please download the PDF to see the details.

Now that your 2017 income tax returns have been filed, it’s time to address the many changes that the new Tax Cuts & Jobs Act has made and how they will affect you in 2018.

The newly-enacted IRS’ Tax Cuts and Jobs Act includes many changes effective in 2018. Some are good and some are bad, depending on how you look at it.

A tax projection will be most effective if done before the holidays, and certainly will only be useful if completed before December 31st.

As we continue the march toward what will be a most unusual general election in November, many things that we all suspected about the discord among our federal legislators are proving to be true. They don’t even like or respect one another! It’s no wonder that Congress is so polarized, resulting in a lot of wasted energy for not much in the way of results.

Face it, if you don’t know until December 17th that you could write off up to $500,000 in equipment costs, it’s highly unlikely that you could order a $500,000 machine on December 18th, receive it, install it, and have it up and running by December 31st. So this is a huge win for businesses.