If you or a loved one needs long-term care, you probably don’t want to pay it from your hard-earned savings. Instead, consider purchasing a long-term care (LTC)…Read More
Archive for the ‘Tax’ Category
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Update on the New Business Interest Expense Limitation
The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. The IRS recently issued guidance in the form of proposed…Read More
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Turbocharge Tax Deductions with Bonus Depreciation and SEC. 179
Don’t put off until tomorrow what you can do today,” Benjamin Franklin once advised. This timeless wisdom applies in many business scenarios, from taking advantage of growth…Read More
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It’s a Good Time to Buy Business Equipment and Other Depreciable Property
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate…Read More
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Midyear Tax Planning Ideas for Individuals
The second half of 2019 has begun. Have you given any thought to your current federal tax situation? Here are some areas to consider.Read More
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Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that…Read More
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Summer Loving? Think About Taxes Before You Tie the Knot
For many couples, summer is the quintessential time to tie the knot. The weather is warm, the flowers are blooming and nature offers plentiful backdrops for photos….Read More
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How Much Can Businesses Deduct for Vehicles Placed in Service in 2019?
Spotlight on Leased Vehicles Business use of a leased vehicle may be tax deductible. If a leased vehicle is used 100% for business purposes, the full cost…Read More
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2019 Q3 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive,…Read More
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Hiring This Summer? You May Qualify for a Valuable Tax Credit
Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes…Read More