Travel, Parking, And Relocation Tax Changes
Feeling lost while navigating the new Tax Cuts and Jobs Act (TCJA) changes for business travel, parking and relocation? You’re not alone. Here are some of the top changes and what the IRS has to say (if anything) about them. Deducting Mileage The standard mileage rates for business use of a vehicle increased significantly in […]
New Temporary Tax Credit For Paid Family And Medical Leave
Are you an employer who provides paid family and medical leave to your employees? If you are, you may qualify for a new business tax credit through 2019. To be eligible to claim the credit, an employer must have a written policy that satisfies the following requirements: You must cover all qualifying employees, which is […]
Passing down your family business
Last month we talked about retiring from your business and the succession planning it requires. This month, I’d like to focus on keeping the business in the family. Is it your dream to pass your business down to a son, daughter or another family member? Maybe your dream is for several heirs to one day […]
Investing In Tax-Friendly Qualified Opportunity Zones
Among the tax code changes brought on by the Tax Cuts and Jobs Act of 2017 is a new tax-lowering investment tool called Qualified Opportunity Zones. Those willing to invest long-term in these Qualified Opportunity Zones, which are communities that are deemed economically distressed, receive special tax advantages. The longer you invest, the more tax […]
Your Tax Structure May Need A Remodel
While the decision shouldn’t be taken lightly and could incur significant costs, reviewing your options should be something you do on a regular basis, similar to performing regular maintenance on a vehicle, so it continues to run smoothly. Even seemingly small changes could signify a tax structure modification is in order. Click To View
Love And Taxes
Love is in the air, which means wedding bells aren’t far behind. And while taxes may not be first on your mind as you consider tying the knot, they shouldn’t be overlooked. After all, marriage changes everything, taxes included. Click To View