Article Highlights: Separated Taxpayers Divorced Taxpayers Recently Married Taxpayers Widowed Taxpayers Filing Status Joint and Several Liability Who Claims the Children Alimony Community Property States Affordable Care Act Taxpayers are frequently blindsided when their filing status changes because of a life event such as marriage, divorce, separation or … [Read more...] about Divorced, Separated, Married or Widowed? Unpleasant Surprises May Await You at Tax Time
Tax Reform and Your Taxes
Article Highlights: Personal Exemptions Standard Deductions Itemized Deductions Medical Taxes Home Mortgage Interest Charity Casualty Losses Employee Business Expenses Tax Rates Child Tax Credit Well, the Tax Cuts and Jobs Act (H.R. 1) has passed, mainly starting in 2018, and if you are confused by how this new law will impact you, you’re not … [Read more...] about Tax Reform and Your Taxes
December 2017 Individual Due Dates
December 1 - Time for Year-End Tax Planning December is the month to take final actions that can affect your tax result for 2017. Taxpayers with substantial increases or decreases in income, changes in marital status or dependent status, and those who sold property during 2017 should call for a tax planning consultation appointment. December 11 - Report Tips to Employer If … [Read more...] about December 2017 Individual Due Dates
Unique Charitable Giving Options
Article Highlights: Charitable Deduction AGI Limitations Special Hurricane Relief Contribution Provisions Donations of Unused Employer Time Off Contributions of Appreciated Assets IRA to Charity Contributions Cash Contributions Non-cash Contributions Avoiding Fraudulent Charities The end of the year and holiday season is the time of the year when everyone is feeling … [Read more...] about Unique Charitable Giving Options
The Ultimate Cheat Sheet on Growing Your Business
Every business must have a constant eye on growth. If your company is not growing, it is losing key opportunities and longevity. Yet, growth does not always come from increased sales. In many cases, it's important to take an inside look at how you are operating, what costs you have, and how you can better manage day-to-day operations. To stimulate growth in your business – no … [Read more...] about The Ultimate Cheat Sheet on Growing Your Business