Benefits of Partnering With Your Spouse Under New Tax Reform
Tax reform changed the rules of the game when choosing your best tax structure. In looking over the possibilities, we [...]
Business Income Deduction under Section 199A
As you likely know by now, the Tax Cuts and Jobs Act created a 20 percent tax deduction under new [...]
Deducting Costs for Your Employee’s Bicycle Transportation Costs
Tax reform created taxes on employee fringe benefits for bicycles. You could (and can) deduct your costs for reimbursing employees [...]
No Misc. Itemized Deductions Under the New Tax Law
The recent tax reform added new tax code Section 67(g), which states, “No miscellaneous itemized deduction shall be allowed for [...]
New Section 179 Tax Deductions for 2018
The new and improved Section 179 deduction gives you more ways to take advantage of immediate tax deductions. It’s somewhat [...]
Removing & Reducing Your Tax Penalties
As a small-business owner, you have good odds of someday facing a penalty for late filing and/or late payment of [...]
Ways to Deduct Legal Fees Under the New Tax Law
The Tax Cuts and Jobs Act (TCJA), known as tax reform, made it more difficult for you to deduct your [...]
How to Deduct Gym Expenses
We know that you have been thinking about employee fitness and the possibility of a gym or other athletic facility. [...]
Mortgage Interest Deductions Under the New Tax Law
The recent tax reform contains two big changes to how much you can deduct in mortgage interest for tax years [...]
New Laws for Transportation Benefits
The recent tax reform destroyed what was a win-win tax benefit for both the employer and the employee. Transportation fringe [...]