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
Personal Tax
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
Early Year-End Tax Planning To Take Advantage Of Possible Tax Reform
Article Highlights: Taking Advantage of Tax Reform Itemized Deductions Taking Tax Advantage of Loser Stocks Maximize Education Credits Business Expensing So, why do we think tax planning is appropriate this year? Actually, with the prospect of major tax reform on the horizon, some strategies can be employed before the end of the year that can substantially reduce your … [Read more...] about Early Year-End Tax Planning To Take Advantage Of Possible Tax Reform
How to Save for a Child’s College Education
Article Highlights: Planning for a Child’s College Education Tax-Favored Plans Tax-Free Earnings Coverdell Accounts Qualified Tuition Plans Have Others Contribute Gift Tax Issues A frequently asked question is,“How might I save for a child’s college education?” The answer depends on how much the education is expected to cost and how much time is left until the child … [Read more...] about How to Save for a Child’s College Education
Not All Interest Is Deductible For Taxes
Article Highlights: Interest Categories Category Deductibility Interest Tracing Rules A frequent question that arises when borrowing money is whether or not the interest will be tax deductible. That can be a complicated question, and unfortunately not all interest an individual pays is deductible. The rules for deducting interest vary, depending on whether the loan … [Read more...] about Not All Interest Is Deductible For Taxes