News & Events

Posted By  |  November 14, 2017

Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good idea. Why? It will defer tax, which usually is beneficial. Prepaying property tax may be especially beneficial this year, because proposed tax legislation might reduce or eliminate the benefit of the property tax deduction beginning in 2018. […]

Posted By  |  November 8, 2017

With Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to hire them. The Work Opportunity tax credit (WOTC) can help businesses do just that, but it may not be available […]

Posted By  |  November 6, 2017

Recently, an updated tax reform proposal was released by the House Ways and Means that would make major changes to taxation of corporations and other businesses, foreign income tax payers, and exempt organizations. The below provisions are proposed (but not finalized). If you have any questions or concerns how this might effect your tax planning, […]

Posted By  | 

Recently, an updated tax reform proposal was released by the House Ways and Means that would make major changes to taxation of individuals. The below provisions are proposed (but not finalized) to go into effect for tax years beginning after Dec. 31, 2017. If you have any questions or concerns how this might effect your […]

Posted By  |  November 2, 2017

Many investors, especially more risk-averse ones, hold much of their portfolios in “income investments” — those that pay interest or dividends, with less emphasis on growth in value. But all income investments aren’t alike when it comes to taxes. So it’s important to be aware of the different tax treatments when managing your income investments. […]

Posted By  |  October 24, 2017

Did you know that if you’re self-employed you may be able to set up a retirement plan that allows you to contribute much more than you can contribute to an IRA or even an employer-sponsored 401(k)? There’s still time to set up such a plan for 2017, and it generally isn’t hard to do. So […]

Posted By  |  October 23, 2017

How the ACA Affects You If you’re an executive or other key employee, you might be rewarded for your contributions to your company’s success with compensation such as restricted stock, stock options or non-qualified deferred compensation (NQDC). Tax planning for these forms of “exec comp,” however, is generally more complicated than for salaries, bonuses and […]

Posted By  |  October 12, 2017

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be a cash balance plan. Defined benefit plan with a twist […]

Posted By  |  October 4, 2017

Why “bunch” medical expenses? Various limits apply to most tax deductions, and one type of limit is a “floor”. This limit only allows expenses to be deducted if they exceed that “floor” (typically a specific percentage of your income). One example is the medical expense deduction. For most, it can be difficult to exceed the […]

Posted By  |  September 28, 2017

A “unified framework” for tax reform has been released from the Trump Administration and select members of Congress. Although the document provides much detailed information it still leaves many specifics to be worked out by the House Ways and Means Committee and the Senate Finance Committee. The table below shows a summary of the tax […]