Sep 07 How to (Potentially) Circumvent the $10,000 Cap on State and Local Tax Deductions Under the new Trump tax law, individuals are limited in deducting state and local taxes up to $10,000. There has been a lot in the news lately about high-tax states trying to circumvent this limitation by establishing state run non-profit organizations that allow state tax credits for contributions to the funds. By doing so, these […] Read more
Sep 03 5 Tax Planning Ideas Business Owners Should Consider Now This document is not intended to be construed as tax or legal advice. You should always contact your tax or legal advisor for specific tax planning recommendations for your situation. It’s September, which in my world means it’s time to be thinking about tax planning for 2018. You know there have been tax law changes, […] Read more
Mar 02 Why A Tax Return Refund Is Stupid It’s funny when people get excited about getting a refund on their tax return. Sometimes it’s an excitement because they don’t owe money, but a lot of times it’s because they get one every yearand depend on that refund to pay off credit cards or buy stuff. Many people know this, but when you get […] Read more
Feb 23 Do You Need A CPA To Prepare Your Tax Return? Do you really need a CPA to prepare your tax return or should you just do it yourself? Hey, I don’t mean to cut down on our business by any means, but if you can do your taxes yourself and you don’t mind doing them, then why would you spend money on a CPA? I’m […] Read more
Jan 01 New 2013 Taxes You May Not Know About It’s the start of a new year, and the next few months mean a lot of long hours for us. Tax season 2014 has officially started… As you prepare your taxes this year, or if you have your tax returns prepared by someone, you may notice a couple of tax changes that took effect in […] Read more
Dec 14 Last Minute 2013 Tax Moves Well, we are bearing down on December 31st, and in our world that means more than just holiday parties and gifts. To us, it’s the last chance for you to do any tax planning before year-end. Not to beat a dead horse, but if you wait until after year-end, your options become really limited. So, […] Read more
Dec 16 2013 Taxes And Moves To Make Now It’s no secret that Washington is having a hard time making a decision on what the 2013 tax rates will be. There are, however, a few changes we know will go into effect on January 1, 2013. These are already set and ready to go regardless of what Congress and the President end up doing. […] Read more
Oct 18 Maximize Your After-Tax Returns It’s coming to the time of year when mutual funds will re-balance portfolios or sell off investments. Some of them constantly buy and sell securities. This is all well and good, but it certainly creates quite a bit of uncertainty come tax time. You never know what kind or amount of dividends you are going […] Read more
Sep 28 Capital Gains Tax Planning The capital gains tax is a federal tax that is imposed on capital accumulation, investment and productivity. Some of the income that is subject to capital gains tax includes the sale of an investment, a home, a family business, a farm or ranch or even a work of art. The capital gains tax is applied […] Read more