In the News

Copyright 2018
In divorce situations, an ex-spouse may be legally obligated to make payments to the other party. Since payments are often substantial, locking in tax deductions for the payer has often been important and involved a substantial amount of money.
Copyright 2018
Are you a high-income small-business owner who doesn't currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great time to establish one. A SEP has high contribution limits and is simple to set up. Best of all, there's still time to establish a SEP for 2017 and make contributions to it that you can deduct on your 2017 income tax return.
Copyright 2018
With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, enhances bonus depreciation.
Copyright 2018
When you got married, you knew it was for "better or worse." But you might not know about laws that hold you responsible if your spouse cheats on a tax return.
Copyright 2018
Providing employee benefits can help businesses attract and retain the best workers. But the cost can be out of reach for some small businesses. Two tax credits can help make benefits more affordable.
Copyright 2017
When you hire a nanny, housekeeper or other domestic worker, pay close attention to the tax rules.
Copyright 2017
Many businesses are hosting holiday parties for employees this time of year. It's a great way to reward your staff for their hard work and have a little fun. And you can probably deduct 100% of your 2017 party's cost as a meal and entertainment (M&E) expense. Next year may be a different story.
Copyright 2017

With the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why? Deductions save more tax when rates are higher.

Copyright 2017

In an era filled with uncertainty, you can count on one thing: time marches on. Here are some important age-related financial and tax milestones to keep in mind for you and your loved ones:

Copyright 2017

There are still ways to earn income that is free from federal income tax. With the various tax increases that have taken effect in recent years, tax-free income opportunities are more valuable than ever.

Here are 10 sources of non-taxable income.

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