Adam’s Tax Blog

Note: Tax advice, articles, and content contained on this site are intended for informational and educational purposes only. They are not a substitute for professional advice. Tax matters are can be extremely complex and vary greatly for each individual or company. Please click here to read our complete disclosure and disclaimer for the information presented on this site.

Should You Buy a Business Vehicle Before Year End?

Should You Buy a Business Vehicle Before Year End?

One way to reduce your 2017 tax bill is to buy a business vehicle before year end. But, before you make the purchase, look at what your 2017 deduction would be and whether tax reform legislation could affect the tax benefit of a 2017 vs. 2018 purchase. Your 2017...

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Our Office Has Moved

Our Office Has Moved

Effective December 16th, 2017 the office of Adam Traywick, CPA will be located at: 2205 W Broadway Ave. Fort Worth, TX 76102 View the map below for directions. If you have any trouble locating us, just give us a call at 817-381-5520.

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7 Last-Minute Tax-Saving Tips

7 Last-Minute Tax-Saving Tips

2017 is quickly drawing to a close, but there’s still time to take steps to reduce your tax liability for this year, but you just must act by December 31: Pay your 2017 property tax bill that’s due in early 2018. Make your January 1 mortgage payment. Incur deductible...

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You May Need to Add RMDs to Your Year-End To-Do List

You May Need to Add RMDs to Your Year-End To-Do List

From shopping for gifts to donating to our favorite charities to making New Year’s Eve plans, most of us have a lot of things on our to-do lists this time of year. For taxpayers “of a certain age” with a tax-advantaged retirement account, as well as younger taxpayers...

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Getting Around the $25 Deduction Limit for Business Gifts

Getting Around the $25 Deduction Limit for Business Gifts

This is the time of year when it’s common for businesses to make thank-you gifts to customers, clients, employees, and other business entities and associates. Unfortunately, the tax rules limit the deduction for business gifts to $25 per person per year, a limitation...

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Reduce Your 2017 Tax Bill by Buying Business Assets

Reduce Your 2017 Tax Bill by Buying Business Assets

Two valuable depreciation-related tax breaks can potentially reduce your 2017 taxes if you acquire (and place in service) qualifying assets by the end of the tax year. Tax reform could enhance these breaks, so you’ll want to keep an eye on legislative developments as...

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Could the AMT Boost Your 2017 Tax Bill?

Could the AMT Boost Your 2017 Tax Bill?

A fundamental tax planning strategy is to accelerate deductible expenses into the current year. This typically will defer (and in some cases permanently reduce) your taxes. But there are exceptions. One is if the additional deductions this year trigger the alternative...

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