Why Lenders Want Your Accrual Basis Financial Statements
As you prepare your business for the upcoming recession, you will want to evaluate things such as your headcount, pricing, business continuity plans, and cash flow / finances.
As you prepare your business for the upcoming recession, you will want to evaluate things such as your headcount, pricing, business continuity plans, and cash flow / finances.
Dear Clients and Friends: With the first tax season under the Tax Cuts and Jobs Act (TCJA) behind us, we have a better understanding of the practical applications on the tax law changes. As expected, the law changes had a profound impact on many taxpayers and created new planning opportunities.
Form 1040 has a different look this year. Thanks to the Tax Cuts and Jobs Act (TCJA), the standard deduction has essentially been doubled while certain deductions have been modified or eliminated. Due to these changes, which are generally effective for 2018 through 2025, you may be better off claiming
The Section 199A deduction phase-out calculations confuse lots of people. Below is a high-level overview of how the phase-out math works, including a quick review how the deduction works. Section 199A Deduction in a Nutshell The Section 199A deduction gives unincorporated businesses, S corporations and real estate investors a special
This new deduction within the Tax Cuts and Jobs Act produces big tax savings. Several clients have asked us again for more information about this new deduction, so here are the main points: Deduction Detail #1: It Shelters Pass-Through Income The Sec. 199A deduction applies to qualified business income. Most
Millions of Americans are eligible to contribute to health savings accounts, or HSAs, but few people actually take full advantage of this tax-advantaged investment account or realize the full extent of its benefits. Here’s what you need to know about HSAs in 2018, and why their unique benefits make them
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