News & Events

Posted By  |  November 27, 2018

Were you born in 1968? Are you currently employed? Have you started contributing to a 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) up to the regular annual limit? Are your itemized deductions for 2018 less due to the TCJA? If you reply “yes” to any of the questions above, then read on […]

Posted By  |  November 15, 2018

As we near the end of 2018, now is a great time to analyze the mutual fund holdings in your taxable accounts and take steps to avoid potential tax snares. Here are some helpful ideas for you to keep in mind. Understand your capital gains Capital gains are unavoidable on mutual funds by merely holding […]

Posted By  |  November 13, 2018

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are favorite year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase qualifying assets and place them in service by the end of the tax year. That means there’s still time to reduce your 2018 tax liability […]

Posted By  |  November 1, 2018

A tried-and-true year-end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock instead of cash? 2 benefits from 1 gift Appreciated publicly traded stock […]

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 […]