(#265) State and Local Sales Tax Deduction Subject to a New Limit
Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes. The ability to […]
(#264) Bitcoin vs The Fed
As posted to the Naomi Brockwell You Tube Channel on 2/10/18
Naomi Brockwell sits […]
(#263) Claiming Bonus Depreciation on your 2017 Tax Return May be Particularly Beneficial
With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The […]
(#262) Tax “Extender” Provisions in the Bipartisan Budget Act of 2018
As posted by Thomson Reuters on 2/12/18
On 2/9/18, Congress passed, and the President signed into law, H.R. 1892, the “Bipartisan Budget […]
(#261) Examining the New Deduction for “Qualified Business Income”
As posted by Thomson Reuters on 1/23/18
Enacted on 12/22/17, the Tax Cuts […]
(#260) Harry Dent Gives His Take on 2018
As posted to the Harry S. Dent, Jr. You Tube Channel on 1/26/18
Harry Dent takes a look back at […]
(#259) Does Your Company Need Employee Dishonesty Insurance?
Some insurance companies offer employee dishonesty coverage to protect businesses against loss of money and property due to criminal acts by employees. This can be valuable protection. […]
(#258) Don’t Be a Victim of Tax Identity Theft: File Your 2017 Return Early
The IRS began accepting 2017 income tax returns on 1/29/18. You may be more concerned about the 4/17/18 filing deadline, or even the […]
(#257) 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 deductions, which reduce only the amount of income subject to tax. Maximizing available credits is […]
(#256) Meals, Entertainment and Transportation Cost Businesses More Under TCJA
Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax […]
