Squeeze under interest deduction cap

  • August 27, 2018

Watch out for a new deduction limit for business interest. Under the Tax Cuts and Jobs Act, this deduction can’t exceed 30% of an affected business’s adjusted...

Trim tax through weight loss program

  • August 23, 2018

If the program is prescribed by a physician to combat a specific illness or disease like obesity, the cost qualifies for the deduction.

Steer your kids into a Roth IRA

  • August 22, 2018

Suppose your teenaged child worked this past summer and raked in the money. Typically, your progeny might have an eye on the latest video game or smartphone, but there...

Tax news: August ’18

  • August 16, 2018

More SALT in high-tax states … 1.4% tax for prestigious colleges … Tax-free rental income … Mercy for tax debtors … Don’t fear the CP2000

Small business tax Q&A: August ’18

  • August 08, 2018

More tax on Social Security benefits … No change for business casualty losses … A home sale divided still stands … Not too old for an IRA

Small Business Tax Q&A: July ’18

  • July 25, 2018

Tax twists for teenage child ... Getting personal about corporations ... Lost deduction for IRA fees ... Donating Savings Bonds to charity

Conducting workplace investigations

  • July 25, 2018

Conducting prompt, thorough internal investigations followed by appropriate corrective action may be the best way to insulate your company from potential liability when...

Getting Excel into PowerPoint painlessly

  • July 20, 2018

Is your experience trying to get Excel data into PowerPoint filled with frustration? Microsoft Certified Trainer Melissa Esquibel provides video tips.

Score tax points for a mortgage

  • July 16, 2018

Are you or someone else in your family buying a home? Mortgage interest rates are still favorable by historical standards, but you might decide to pay one or more...

Squeeze the most out of net operating losses

  • July 05, 2018

The new Tax Cuts and Jobs Act reduces the tax benefits of net operating losses claimed by businesses. Strategy: When possible, time NOLs to your tax advantage. Depending...

Tax News: July ’18

  • July 01, 2018

The Tax Exempt Organization Search ... New tips on tips ... Online audits are coming ... Educational tax breaks to be consolidated ... Blue Book delayed

Face up to the AMT in ’18

  • June 28, 2018

Although the new Tax Cuts and Jobs Act reduces exposure to the alternative minimum tax for millions of taxpayers for 2018-2025, it doesn’t provide complete protection....