This is part 2 of a 2-part series on the proposed Tax Cuts & Jobs Act and generally covers the provisions applying to small businesses and self-employed taxpayers.
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This is Part 1 of 2 in a series on the proposed Tax Cuts and Jobs Act. This part covers the provisions that apply to individual taxpayers. Part 2 covers…
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When borrowing money taxpayers often ask if the interest will be tax deductible. The answer to the question can be complicated and you’ll learn that not all interest you pay…
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If you’re a business owner with highly appreciated business or investment real estate there is a tax planning strategy you should know about before you consider selling your property. It…
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If you run your business as an S corporation, you’re probably both a shareholder and an employee. Therefore, the company should pay you a salary for the work you do…
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Do you pay to put your child or children in daycare or some other form of child care so you can work and earn a living for your family? If…
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If you’re like most self-employed individuals you want tax relief. A simple tax planning idea for a sole proprietorship is to employ your children in the business.
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As the economy improves more small business owners find they are able to contribute to a retirement plan but are unsure what plan options are available to them. A Simplified Employee…
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Donations made to qualified organizations may help reduce the amount of tax you pay. The following are eight essential tips to help ensure your contributions pay off on your tax…
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Taxpayers may sometimes find themselves in situations when they need to withdraw money from their retirement plan early. What they may not realize is that that transaction may mean a…
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