December 26, 2017

Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who’re already maxing out their contributions is that the 401(k) limit has gone up by...

December 22, 2017

The tax law changes in place are very big and something that has not been seen in over 30 years, hence planning for 2018 and beyond will be important. We encourage you to scan the list, and if you have any immediate questions or issues you would like looked at, give us...

December 20, 2017

Many people scoff at New Year’s resolutions. It’s no mystery why — these self-directed promises to visit the gym regularly or read a book a month tend to quickly fade once the unavoidable busyness of life sets in.

But, for business owners, the phrase “New Year’s resol...

December 19, 2017

S-Corporation Owner Health Insurance

Reporting health insurance premiums paid for a more than 2% shareholder tends to be an area of confusion for many. To be tax deductible the premiums must be treated as wages and included on the shareholders W-2. As you process final...

December 15, 2017

Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have complete control over when and how much you give. Here are some important considerations to keep in mind this year to ensure you recei...

December 12, 2017

One way to reduce your 2017 tax bill is to buy a business vehicle before year end. But don’t make a purchase without first looking at what your 2017 deduction would be and whether tax reform legislation could affect the tax benefit of a 2017 vs. 2018 purchase.

Your 20...

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