As I am sure you are aware, significant tax legislation was passed and signed into law at the end of last year. Most of the changes take effect in 2018, except where noted. These are changes that affect businesses. If you are looking for changes that affect individuals, go to our website and click “Taxes” […]
Read more...Month: January 2018
Retirement Plan Contribution Limits for 2018
The best advice we can often give to save taxes is to contribute to a retirement plan. Its also a good idea to plan for your future. As always, you should consult your tax advisor about which plans are right for you. IRS has released the following limits for 2018: Traditional and Roth IRA – […]
Read more...New Tax Bill Highlights for Individuals
As I am sure you are aware, significant tax legislation was passed and signed into law at the end of 2017. Most of the changes take effect in 2018, except where noted. These are changes that affect individuals. I will address changes for business owners in a separate post. This is not meant to be […]
Read more...How to Evaluate Your Marketing Spend
One of the most important success factors of small businesses is the ability to generate revenue, and to do that, most businesses need to market their services and products to bring in new customers and sales. The challenge for small business is how to make their marketing dollars work the hardest, and this requires careful […]
Read more...Income Shifting: SAVE Thousands in Taxes
Want to save money in taxes WITHOUT working harder? One way is to shift income from a higher bracket taxpayer to a lower one or even a zero rate-bracket. Typically, splitting the income between family members by hiring them to work in the business will save thousands in taxes. An example is shifting income to […]
Read more...Five Tips to Make Tax Time Less Painful
Tax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips on how we can make it just a bit less painful. Have patience. Practicing patience will go a long way when you’re dealing with taxes. Keep in mind that for […]
Read more...