Act Now to Take Advantage of a Lower Taxable Income

If you have substantially lower taxable income this year, or even if you expect not to be required to file a tax return this year, a number of tax opportunities may be available to you.

Tax law permits you to take a distribution from your IRA account, and as long as you return the distribution to your IRA (IRS rollover) within 60 days, there are no tax ramifications. However, [...]

Year-end Tax Planning Is Not Business as Usual — here is what you need to know!

If you are a business owner who is accustomed to deducting business meals, treating clients to sporting events, golf getaways, concerts and the like, you were no doubt saddened by the part of the [...]

The most recent tax reform has dealt teacher a raw deal when it comes to deducting supplies that they purchase out of their own pockets. 

The Tax Cuts and Jobs Act has left many of today’s businesses with big questions. Incorporation remains a hot topic, but this law is shaking things up. It’s quick to assume your company should be [...]

It’s not as much fun as creating invoices, but the bills must be paid. Here’s how QuickBooks helps you keep track of bill due dates.

As part of its recent tax reform, Congress included a new deduction of 20% pass-through tax deduction for trades or businesses other than C-corporations.  Depending on what type of business you [...]

Four states – New York, Connecticut, Maryland and New Jersey – have sued the federal government to void the tax-reform cap on the federal itemized deduction for state and local taxes, contending [...]

Don’t just reverse the risk of a product or service warranty – remove it. Consider this fundamental point in business; whenever a customer makes a purchase, they take a risk that the product or [...]