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A New IRS Tool for Charitable Giving

  • 4 December 2018
  • Author: Alexander Carr
  • Number of views: 589
  • 0 Comments
A New IRS Tool for Charitable Giving

It’s the season for giving, and the IRS has made it easier to find charitable opportunities that provide tax advantages, too. Its new Tax Exempt Organization Search (TEOS) replaces EO Select Check and offers advanced features like images of newly filed 990 forms and mobile-friendly searching.

Exit Planing & Your Taxes

Shavano Living

  • 3 December 2018
  • Author: Cari Holbrook
  • Number of views: 0
  • 0 Comments
Exit Planing & Your Taxes
Are you considering selling your business this year? What about in five years or in 10 years? Believe it or not, it can take a decade of solid planning to exit a business on top, at least when it comes to saving taxes. Business owners who skip exit planning often lose to the IRS more than half of the total amount paid for the sale.

Exit Planning And Your Taxes

Building Savvy

Exit Planning And Your Taxes
Are you considering selling your business this year? What about in five years or in 10 years? Believe it or not, it can take a decade of solid planning to exit a business on top, at least when it comes to saving taxes. Business owners who skip exit planning often lose to the IRS more than half of the total amount paid for the sale.

Serving Meals with Entertainment? Don’t Forget This Tax Detail

  • 27 November 2018
  • Author: Alexander Carr
  • Number of views: 1699
  • 0 Comments
Serving Meals with Entertainment? Don’t Forget This Tax Detail

The recently enacted Tax Cuts and Jobs Act (TCJA) included a significant change for those deducting meals and entertainment from their business taxes. As of 2018, there is no longer a deduction for activities considered entertainment, amusement, or recreation, unless the event is for team building or similar purposes and is attended on a non-discriminatory basis. Business meals, on the other hand, are 50% deductible. But what about events in which both meals and nondeductible entertainment are served? The IRS is finally offering some guidance.

Section 179 or Bonus Depreciation?

  • 13 November 2018
  • Author: Alexander Carr
  • Number of views: 755
  • 0 Comments
Section 179 or Bonus Depreciation?
Bonus depreciation rules now allow for 100% write-offs and are expanded to include big-ticket items like the purchase of used equipment. So is there any reason to expense these purchases as part of Section 179 deductions instead?

Small Businesses: Avoid Tax-Return Fraud This Year

  • 6 November 2018
  • Author: Alexander Carr
  • Number of views: 763
  • 0 Comments
Small Businesses: Avoid Tax-Return Fraud This Year

The IRS has seen an increase in corporate and small business tax-return fraud. From stolen employer identification numbers (EINs) to fake Schedule K-1s for S corporations, it’s important to be on the lookout for signs your business has been compromised.

End-Of-Year Tax Savings

Shavano Living

  • 5 November 2018
  • Author: Cari Holbrook
  • Number of views: 0
  • 0 Comments
End-Of-Year Tax Savings
Taxes may be the last thing on your mind as the holidays roll around, but they shouldn’t be. There are unique tax-saving opportunities only available before year’s end.

End of Year Tax Savings

Building Savvy

End of Year Tax Savings

There are unique tax-saving opportunities only available before year’s end. For just a moment, set down your pumpkin spice latte and roll up your sleeves. The following tips could truly make this the most wonderful time of the year when it comes to tax savings.

5 “Taxing” Halloween Stories

  • 24 October 2018
  • Author: Alexander Carr
  • Number of views: 1555
  • 0 Comments
5 “Taxing” Halloween Stories

While taxes are scary enough, we thought it would be fun to share some Halloween-related tax tales. Gather ‘round and be glad you’re not in the same situation as these poor souls: 

So Long, Cupcake: Goods & Services Young Adults Aren’t Buying

  • 16 October 2018
  • Author: Alexander Carr
  • Number of views: 1587
  • 0 Comments
So Long, Cupcake: Goods & Services Young Adults Aren’t Buying
Our focus is to help our clients increase profits, which reaches far beyond tax planning alone. So when we came across an article about goods young generations simply don’t buy, we took notice. Some of these profit slides are due to predictably fickle trends (the rise and sudden fall of gourmet cupcake

s, for instance), but others signify a much deeper downturn that manufacturers, retailers and service providers should considering pivoting around.

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