2017 Oct

In Trump Tax Plan, a Windfall for Businesses Large and Small

2017-10-03T22:54:24+00:00

In Trump Tax Plan, a Windfall for Businesses Large and Small A lower tax rate for corporations. Reduced taxes for partnerships like law firms. An easy way to bring overseas profits back to the United States without being taxed. Corporate America had a long wish list when it came to tax reform, and on Wednesday, [...]

In Trump Tax Plan, a Windfall for Businesses Large and Small 2017-10-03T22:54:24+00:00
2017 Sep

How tax reform could hit charitable giving

2017-09-03T01:15:09+00:00

How tax reform could hit charitable giving Plenty of factors can motivate charitable giving: Moral obligation, religious tithing, a desire to improve the world or leave a legacy. But another factor -- the tax benefits for giving -- could soon change if lawmakers push through tax reform. Few people donate simply because of the tax [...]

How tax reform could hit charitable giving 2017-09-03T01:15:09+00:00
2017 Sep

US tax reform hopes become mired in foreign cash piles

2017-09-03T01:17:09+00:00

US tax reform hopes become mired in foreign cash piles Republican attempts to make progress on tax reform after the party's failure on healthcare are being undermined by a lack of consensus on handling US companies' offshore earnings, an issue set to spark fierce lobbying and discord. The White House and Republican lawmakers want to [...]

US tax reform hopes become mired in foreign cash piles 2017-09-03T01:17:09+00:00
2017 Jun

Top Six Tips about the Home Office Deduction

2017-06-20T15:48:49+00:00

If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent or own your home. If you qualify for the deduction you may use either the simplified method or the regular method to claim [...]

Top Six Tips about the Home Office Deduction 2017-06-20T15:48:49+00:00
2017 Jun

Business Use of Car

2017-06-19T23:01:50+00:00

If you use your car in your job or business and you use it only for that purpose, you may deduct its entire cost of operation (subject to limits discussed later). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can [...]

Business Use of Car 2017-06-19T23:01:50+00:00
2017 Jun

Five Little Lines That Will Help You Save Big on Taxes

2017-06-19T22:56:48+00:00

• Business owners can sock away a maximum of $54,000 in a SEP-IRA or $12,500 in a SIMPLE IRA. • If you're 70½ and don't need your required minimum distribution, give it to charity. If you want to save money, dust off your 2016 tax return. Back in April, after your preparer filed your Form [...]

Five Little Lines That Will Help You Save Big on Taxes 2017-06-19T22:56:48+00:00
2017 Apr

So, you owe the IRS. Bummer. Here’s how to plan better for next year

2017-04-24T03:21:51+00:00

So, you owe the IRS. Bummer. Here's how to plan better for next year While all your friends are posting on Facebook about what they plan to do with their tax returns, you're scrambling to figure out how you'e going to drum up the money you owe in taxes. Paying taxes can be a bummer, especially if you are [...]

So, you owe the IRS. Bummer. Here’s how to plan better for next year 2017-04-24T03:21:51+00:00
2017 Apr

Here are 5 reasons Trump and Congress are struggling with tax reform

2017-04-24T03:18:05+00:00

Here are 5 reasons Trump and Congress are struggling with tax reform A tax reform plan was supposedly imminent when President Trump met with airline executives at the White House on Feb. 9. “We're way ahead of schedule,” Trump said then. “We're going to be announcing something, I would say, over the next two or three [...]

Here are 5 reasons Trump and Congress are struggling with tax reform 2017-04-24T03:18:05+00:00
2017 Apr

Tax Day isn’t likely to be easier next year:

2017-04-24T03:13:46+00:00

Tax Day isn't likely to be easier next year: Bill Sternberg Republicans don't agree on changes to the tax code any more than they do changes to Obamacare. We got our tax returns back from the accountant the other day. Although our family finances aren’t unusually complicated, our federal and state returns for 2016 were [...]

Tax Day isn’t likely to be easier next year: 2017-04-24T03:13:46+00:00