News & Events

Posted By  |  October 18, 2018

By: Wendy Moulton On Wednesday, October 17, 2018, the Wall Street Journal reported that U.S. employers had more than seven million unfilled jobs. This is a record number! You don’t need to be a rocket scientist to understand that we are in a tight labor market and recruiting new talent into your organization will be […]

Posted By  |  October 6, 2018

If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions. This break may be especially beneficial now because of Tax Cuts and Jobs Act (TCJA) changes that effect who can benefit from the […]

Posted By  |  September 29, 2018

For investors, fall is an excellent time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year-end to save taxes. This year, you also need to keep in mind the impact of the Tax […]

Posted By  |  September 8, 2018

To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two. The third 2018 estimated tax payment deadline for individuals is September 17. If you don’t have an employer withholding tax from your pay, you likely […]

Posted By  |  August 31, 2018

If you gamble, these tips can help you save money or at least give you a better projection on your next tax bill. Win or lose your income tax bill will be affected.  Revisions under the Tax Cuts and Jobs Act (TCJA) could also have an impact. See our tips below: 1. Report your wins  […]

Posted By  |  August 24, 2018

The Tax Cuts and Jobs Act (TCJA) loosened the restrictions on the eligibility rules for using the cash method of accounting.  This made this method — which is simpler than the accrual method — available to more businesses. Now the IRS has provided procedures a small business taxpayer can use to obtain automatic consent to change […]

Posted By  |  August 8, 2018

Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA and then discover you would have been better off if you hadn’t converted it? Before the Tax Cuts and Jobs Act (TCJA), you could undo a Roth IRA conversion using a […]

Posted By  |  August 7, 2018

Now is a good time to familiarize yourself with the changes to the individual alternative minimum tax (AMT). Assessing your AMT risk now can help you plan what steps you can take during the last several months of the year to avoid the AMT, or at least minimize any negative impact. AMT vs. regular tax […]

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Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income tax brackets. To discourage such strategies, Congress created the “kiddie” tax back in 1986. Since then, this tax has gradually become more far-reaching. Now, under the Tax […]

Posted By  |  July 17, 2018

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S corporations and, typically, limited liability companies (LLCs). It can equal as much as 20% of […]