Dec 31, 2018 | Business, Taxes
The New Business Deduction Stop worrying and start preparing A new deduction is available to businesses with qualified business income (QBI). While that’s great news, new deductions (especially ones with lots of rules) can bring anxiety and confusion. Never...
Dec 16, 2018 | Planning, Taxes
Early Warning Signs of a Tax Problem There are many factors that can cause an unfavorable tax swing leaving you with a surprising tax bill in the spring. Here are six warning signs that you might have some unexpected taxes waiting for you. You didn’t update your...
Dec 12, 2018 | Finances, Taxes
2019 Retirement Contributions Get a Boost For the first time since 2013, the IRS is raising the contributions limits for IRAs. The maximum contribution for 401(k) accounts and IRAs is increasing by $500 for 2019. If you have not already done so, now is the time to...
Nov 30, 2018 | Business, Taxes
Small Business Audits – How To Protect Your Business The IRS continues to focus their audit activities in key small business areas. The wise business owner is well advised to be able to defend the following five areas to keep the IRS at a comfortable distance:...