Oct 08 You May Now Get The Lucrative 20% Pass-Through Tax Deduction Under the Trump Tax Law, certain service businesses were excluded from the new 20% Pass-Through Deduction. More specifically, businesses that make more than a certain amount of income, and were in the following fields: health, law, accounting, actuarial science, brokerage, financial services, performing arts, athletics, consultants, AND any other trade or business where the principal […] Read more
Oct 05 Uncovering Customer Needs & Wants When you are in business, it’s understandable that you want to make sales. You have to make sales to make a profit and pay your employees, overhead, etc. Most customers, when they come to you, have certain needs. In our case, it might be a tax return or accounting, or an audit, for example. And […] Read more
Sep 27 Own Commercial Real Estate? Write it Off Faster with Cost Segregation… Have you heard of a cost segregation analysis? This tax planning idea can save you a lot of money. Tax planning is all about ideas, being creative, and seeing how all the puzzle pieces fit. And a cost segregation analysis can be one of those ideas to have in your arsenal. Let me give you […] Read more
Sep 21 Try Listening for a Change I got an email this morning that was so frustrating. Let me give you some context. My payroll company also handles our company 401(k). My annual Form 5500 is due, so they sent me an email with the instructions to login and submit the pre-populated Form 5500. Easy enough, right? I went in to file […] 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
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