S Corporation or Sole Proprietor?
Tax reform created a new 20 percent tax deduction for select pass-through entities. Will your business operation create the 20 [...]
Who Qualifies for Tax Credits?
We love tax credits because they help to reduce the taxes our client has to pay Uncle Sam. The two [...]
Ways to Make More of Your Property Tax Deduction
Tax reform put the screws to your state and local income tax deductions. Many states disliked that and have been [...]
Hiring Your Children To Run Rental Properties
Have you considered hiring your children to work on your rental properties? If so, were you concerned when you did [...]
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 [...]