The S corporation business structure offers several advantages. These include limited liability for owners and no double taxation (at least at the federal level). But not all businesses
The tax legislation getting the most attention these days is the Tax Cuts and Jobs Act (TCJA) signed into law last December, as well as the possible “Tax
The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual
Converting a traditional IRA to a Roth IRA can provide you with tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA —
There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. However, the repeal wasn’t included in the final version
Under the Tax Cuts and Jobs Act (TCJA), employees can no longer claim the home office deduction. However, if you run a business from your home or are
Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income
Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t document these expenses properly, you could find your deductions denied by the IRS. A
Because cash or property donations to charity generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you
Managing payroll can be one of the most arduous tasks for small businesses. Adjusting income tax withholding based on the new tables issued by the IRS earlier this
The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to non-corporate owners of pass-through entities: a deduction for a portion of qualified business income
“Going green” at home — whether it’s your principal residence or a second home — can reduce your tax bill in along with your energy bill, all while
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