Will You Miss These Tax Deductions?
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…
Section 199A Deduction Phase-out Calculations
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…
Qualified Business Income Deduction (a/k/a “Section 199A Deduction”)
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…
A Triple Tax Benefit When Contributing to Your Health Savings Account
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…
Six Reasons Business Owners Should Hire a Tax Pro
If you heard that millions of people tried performing surgery on themselves every year, you’d likely be aghast or at least perplexed that people would take such a chance at…
How Publicly Traded Partnerships Affect Your Tax Returns
Have you invested in a PTP or are considering doing so? If so, read on... What is a Publicly Traded Partnership (PTP)? A publicly traded partnership (PTP) is any partnership…