Our Accounting Articles
The 2018 Gift Tax Return Deadline is Almost Here
March 19, 2019
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required.
Vehicle-expense Deduction Ins and Outs for Individual Taxpayers
March 12, 2019
It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed on your 2017 return.
Beware the Ides of March — If You Own a Pass-through Entity
March 5, 2019
Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why? The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for these “pass-through” entities.
Some of Your Deductions May be Smaller When You File Your 2018 Tax Return
February 26, 2019
While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to many individual taxpayers. Here are five deductions you may see shrink or disappear when you file your 2018 income tax return:
Networking on the Course
Want to know one thing corporate executives and business owners have always known? Business is about networking. It’s vital for building, fostering, and maintaining the types of strong relationships necessary for sustaining and growing a healthy business.
3 Big TCJA Changes Affecting 2018 Individual Tax Returns and Beyond
February 19, 2019
When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized deductions. For 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) makes significant changes to personal exemptions, standard deductions and the child credit. The degree to which these changes will affect you depends on whether you have dependents and, if so, how many. It also depends on whether you typically itemize deductions.