2 tax credits just for small businesses may reduce your 2017 and 2018 tax bills
Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of incomeRead more.
State and local sales tax deduction remains, but subject to a new limit
Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes.Read more.
Light a beacon to your business with a mission statement
Every company, big or small, should have a mission statement. Why? When carefully conceived and well written, a mission statementRead more.
Meals, entertainment and transportation may cost businesses more under the TCJA
Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings theRead more.
Can you deduct home office expenses?
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deductRead more.
Your 2017 tax return may be your last chance to take the “manufacturers’ deduction”
While many provisions of the Tax Cuts and Jobs Act (TCJA) will save businesses tax, the new law also reducesRead more.
Personal exemptions and standard deductions and tax credits, oh my!
Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. ButRead more.
Big data strategies for every business
You’ve probably heard or read the term “big data” at least once in the past few years. Maybe your responseRead more.
Not necessarily a luxury: Outsourcing
For many years, owners of small and midsize businesses looked at outsourcing much like some homeowners viewed hiring a cleaningRead more.
New tax law gives pass-through businesses a valuable deduction
Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21%Read more.
Don’t be a victim of tax identity theft: File your 2017 return early
The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may beRead more.
Making the right choice about your office space
For many companies, there comes a time when owners must decide whether to renew a lease, move on to aRead more.
The TCJA temporarily expands bonus depreciation
The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One breakRead more.
Most individual tax rates go down under the TCJA
The Tax Cuts and Jobs Act (TCJA) generally reduces individual tax rates for 2018 through 2025. It maintains seven individualRead more.
Find time for strategic planning
As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-dayRead more.