It’s Not Too Early To Start Tax Planning For 2018!

It’s Not Too Early To Start Tax Planning For 2018!

May 7, 2018

With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an extension), you may be hoping to not think about taxes for the next several months. But for maximum tax savings, now is the time to start tax planning for 2018. It’s especially critical to get an early start this year because the Tax Cuts and Jobs Act (TCJA) has substantially changed the tax environment. 

(more…)

ATTN: Small Business Owners – Tax Document Retention Guidelines

ATTN: Small Business Owners – Tax Document Retention Guidelines

April 29, 2018

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks and other financial records (or your computer desktop is filled with a multitude of digital tax-related files), you probably want to get rid of what you can. (more…)

Important Deadlines For The Remainder Of 2018 For Individual Tax Payers

Important Deadlines For The Remainder Of 2018 For Individual Tax Payers

April 24, 2018

While April 15 (April 17 this year) was the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that you also need to be aware of. To help you make sure you don’t miss any important 2018 deadlines, here’s a look at when some key tax-related forms, payments and other actions are due. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. (more…)

You Didn’t File Your 2017 Income Tax Return Yet? Beware Of Pitfalls!

You Didn’t File Your 2017 Income Tax Return Yet? Beware Of Pitfalls!

April 17, 2018

The federal income tax filing deadline is slightly later than usual this year — April 17 — but it’s now nearly upon us. So, if you haven’t filed your individual return yet, you may be thinking about an extension. Or you may just be concerned about meeting the deadline in the eyes of the IRS. Whatever you do, don’t get tripped up by one of these potential pitfalls. (more…)

There Is Still Time To Make A 2017 IRA Contribution

There Is Still Time To Make A 2017 IRA Contribution

April 10, 2018

Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible contributions can be beneficial. (more…)