News & Events

Posted By  |  April 18, 2018

Although we are coming to an end with the April 15th deadline (actually was moved to April 18th this year due to IRS system issues)  there are other key dates to keep in mind. Here is a list of general important tax-related forms, payments and other actions due. Please note that this list does not […]

Posted By  |  April 11, 2018

For 2018, the federal income tax filing deadline has been deffered to — April 17 — but it’s now less than 1 week away! So, if we haven’t received your documents or filed your tax returns by now, you may be on an extension or getting extended. If you are considering an extension then beware […]

Posted By  |  April 4, 2018

Tax-advantages of making IRA contributions Retirement plans like IRAs allow your money to grow tax-deferred — or, for Roth accounts, tax-free. Deductible contributions will lower your 2017 tax bill, but even nondeductible contributions can be beneficial. The last day to make these contributions is April 17, 2018.  Don’t lose the opportunity The 2017 limit for […]

Posted By  |  March 28, 2018

During the busy tax-filing season it can be easy to forget about other important tax-related deadlines for your business. It is critical to have either a personal accountant or a designated person that helps manage the business tax payments that are due quarterly through the year.  Staying up-to-date and making those estimated payments will help […]

Posted By  |  March 21, 2018

Home-related deductions are some of the most common savings on taxes each year. If you own a home, you are most likely eligible for several of these tax breaks when you file your 2017 return. Here’s how you should be taking advantage of these savings for the 2017 tax year. Home-related tax breaks for 2017 […]

Posted By  |  March 20, 2018

If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2017 federal income tax return. For 2018 through 2025, however, the Tax Cuts and Jobs Act suspends this deduction except for losses due to an event officially declared a disaster by the […]

Posted By  |  March 6, 2018

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift One of the biggest factors affecting your deduction is what you give: Cash. You may […]

Posted By  |  February 27, 2018

If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase planning, because the Tax Cuts and Jobs Act (TCJA), signed into law this past December, significantly […]

Posted By  |  February 21, 2018

If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return — even if you don’t itemize deductions. (Or, if your employer reimbursed you for moving expenses, that reimbursement might be excludable from your income.) The bad news is that, if you move in […]

Posted By  |  February 15, 2018

Pre- Tax Cuts and Jobs Act Under the pre-Act rules, you could deduct interest on up to a total of $1 million of mortgage debt used to acquire your principal residence and a second home, i.e., acquisition debt. For a married taxpayer filing separately, the limit was $500,000. You could also deduct interest on home […]