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…
What is a Donor-Advised Fund?
A simple, flexible and tax-efficient way to give to your favorite charities. A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you…
What is a Qualified Charitable Distribution?
Use QCDs to manage your required minimum distributions from an IRA. A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $100,000…