TCJA temporarily lowers medical expense deduction threshold
With rising health care costs, claiming whatever tax breaks related to health care that you can is...
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...
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...
Outline of the Tax Cuts and Jobs Act (TCJA)
Consider this post as “Tax Reform for Beginners”. Following is a basic outline of the more...
Unlock hidden cash from your balance sheet
Need cash in a hurry? Here’s how business owners can look to their financial statements to improve...
Life insurance can be a powerful estate planning tool for nontaxable estates
For years, life insurance has played a critical role in estate planning, providing a source of...
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...
Collaborating for a cause: Nonprofit alliances
Countless nonprofits have partnered up for strength and survival in recent years. But the success...
Can you deduct home office expenses?
Working from home has become commonplace. But just because you have a home office space doesn’t...
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...