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Incentive Stock Options Need Careful Tax Planning
Incentive stock options (ISOs) – which allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on […]
Beware the Ides of March!
Shakespeare’s famous warning about March 15 applies to more than just to Julius Caesar; it also applies to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships […]
The TCJA Effect: Qualified Residence Interests
The Tax Cuts and Jobs Act (TCJA) had both a direct and indirect impact on the various types of interest expense that individuals can deduct from their taxes, including qualified […]
How to Determine an Employee’s “Home” for the Purpose of Reimbursement
Even with the rise in remote meetings and web conferencing, many businesses still have plenty of employees who travel as part of their jobs. If you have workers who regularly […]
What Is My Tax Bracket?
Generally speaking, the Tax Cuts and Jobs Act (TCJA) reduced individual tax rates through 2025, however, there’s no guarantee that you’ll have lower tax bill or a hefty refund this year. […]
Donating a Car to Charity May Not Be the Best Way to Go
We’ve all heard the ads suggesting that you donate your old car to charity. And in some cases, this might be a good idea. But it is more complicated than […]
Everything You Need to Know about 1099-MISCs
Every year, January flies in and out before we know it, and often business owners are scrambling to meet the January 31 deadline to get out their 1099s. But there […]
Do You Have an Exit Strategy for Your Business?
All business owner’s know the importance of keeping an eye on your company’s income and expenses and applicable tax breaks. But are you also looking at your own financial future […]
How To Address Fake Credit or Debit Card Charges
Few things are as frustrating as learning that someone has fraudulently used your credit or debit card. Your level of liability depends on the type of card, whether you still […]
Do You Dream of Early Retirement?
Many of us dream of retiring early so they can pursue non-work activities, such as traveling, volunteering, and pursuing our hobbies full-time. But careful planning and diligent saving during the […]
The SECURE Act Brings Further Tax Changes
On December 20, a substantial piece of legislation, the Setting Every Community Up for Retirement Enhancement (SECURE) Act, was signed into law, making quite a few changes to our ever-changing […]
Reduce Your Business Taxes with These 5 Last-Minute Moves
Business owners are always looking for ways to reduce their tax burden and there are a few things you can do yet in 2019. Here are five to consider: Postpone […]