If you think filing individual taxes can be complicated, it can be even more complicated for businesses who must pay different types of taxes for federal, state and local. Taxes range for different types of businesses and business activities — such as whether or not you own business property, whether or not you have employees […]
No surprise here. Tax season is often approached with a heightened sense of hesitation, stress and even dread. Fortunately, with a bit of effort, you can minimize the complications that tax season often brings. Can you imagine finishing your taxes before March? With the right organization and a qualified CPA, it is completely possible. Here
The Government Shutdown Whelp… Here we are, January 7th, and the #GovernmentShutdown continues with no end in sight. The government shutdown began at midnight EST on Saturday, December 22, 2018, so today will make day 17 of the shutdown. Certainly the shutdown is affecting millions of Americans, and from a tax preparer’s point of view and a
In this week’s video I talk about one of the most interesting tax planning opportunities available today – Opportunity Zones! This is a great planning strategy that you can use to significantly reduce your tax burden, and increase future investment income, if you currently have unrealized capital gains.
This week I talk about some takeaways from the AICPA National Tax Conference. I also talk about IRS penalty abatements, the new Qualified Business Income (QBI) deduction, deciding on a business entity and tax planning for year-end and 2019.