9.10.18
Study up on the Tax Advantages of a 529 Savings Plan
With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial…
9.7.18
How Spouse-Owned Businesses Can Reduce Self-Employment Taxes
If you own a profitable, unincorporated business with your spouse, you probably find the high self-employment (SE) tax bills burdensome. An unincorporated business in which…
9.6.18
When Is Bartering Taxable?
The notion of bartering may conjure an image of a crowded, bustling medieval bazaar. Dusty travelers, farmers perchance, haggle with merchants over textiles or metal…
9.5.18
TCJA Draws a Silver Lining Around the Individual AMT
The Tax Cuts and Jobs Act (TCJA) didn’t eliminate the individual alternative minimum tax (AMT). But the law did draw a silver lining around it.…
9.4.18
Is Your Company Ready to Implement the New Revenue Recognition Standards?
The time is near. The new revenue recognition standards (Topic 606), which vastly changes the revenue recognition model for contractors, is on the horizon for…
8.30.18
After the New Tax Law – Depletion Becomes Top Tax Saver for Pit Owners
Like depreciation, depletion is an accounting item that is the allocation of costs associated with utilizing assets to generate revenue. Where the two differ is…
8.20.18
Assessing the S Corp
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not…
8.19.18
IRS Issues Proposed Regulations on the Pass-Through Business Income Deduction
The IRS recently released highly anticipated regulations addressing the deduction for up to 20% of qualified business income (QBI) from pass-through entities. The deduction was…
8.18.18
Subcontractors, What Should You Do When a Bid Goes Bad?
From childhood on, we’re all told that “everyone makes mistakes.” Unfortunately, sometimes this particular aspect of the human condition can afflict subcontractors as they submit…
8.17.18
Business Deductions for Meal, Vehicle and Travel Expenses: Document, Document, Document
Meal, vehicle and travel expenses are common businesses deductions. But if you don’t properly document these expenses, you could find your deductions denied by the…