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(#252) TCJA Gives Pass-Through Businesses a Valuable Deduction
Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21% may be one of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA), C corporations aren’t the only type of entity significantly benefiting from the new law. Owners of non-corporate “pass-through” [...]
(#251) Last Chance to Take the “Manufacturers’ Deduction”
Claim for the Last Time on Your 2017 or 2018 Tax Return Based on Entity Type While many provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) will save businesses tax, the new law also reduces or eliminates some tax breaks for businesses. One break it eliminates is the §199 deduction, commonly referred [...]
(#250) The TCJA Temporarily Expands Bonus Depreciation
The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. While most TCJA provisions go into effect for the 2018 tax year, you might be able to benefit from the bonus depreciation enhancements when you file your [...]
(#248) Not Necessarily a Luxury: Outsourcing
Outsourcing Can't Solve Every Problem, But It Could Help Your Business For many years, owners of small and midsize businesses looked at outsourcing much like some homeowners viewed hiring a cleaning person. That is, they saw it as a luxury. But no more — in today’s increasingly specialized economy, outsourcing has become a common way [...]
(#247) How Does an Electric Car Work?
Tesla Model S Propulsion is Explained As posted by Learn Engineering on 5/30/17 https://youtu.be/3SAxXUIre28 I recently had Solar City (the solar energy subsidiary of Tesla, Inc.) over to my house to discuss solar panels. Besides the fact that they could do everything that was impossible for ever other solar company I had spoken with, I had the [...]
(#246) Bitcoin: The “Gateway Drug” to Gold
Doug Casey Believes that Cryptocurrencies will Help Spur Demand for Gold As posted by Kitco News on 11/24/17 Bitcoin and gold were the highlights of this year’s Silver & Gold Summit in San Francisco (November 20-21, 2017), and to best-selling author Doug Casey, cryptocurrencies is the asset class to watch. “I’m very, very pro cryptocurrencies,” [...]
(#245) Highlights of the “Tax Cuts and Jobs Act” – S Corp, Partnership & Other Changes
As posted by Thomson Reuters on 12/22/17 On 12/22/17, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that will entirely change the tax landscape. The legislation reflects the largest major tax reform in over three decades. This Tax Planning Letter, which refers to the Act [...]
(#244) Highlights of the “Tax Cuts and Jobs Act” – Individual Tax Changes
As posted by Thomson Reuters on 12/22/17 On 12/22/17, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that will entirely change the tax landscape. The legislation reflects the largest major tax reform in over three decades. This post, which refers to the Act by its [...]
(#243) Highlights of the “Tax Cuts and Jobs Act” – Business Tax Changes
As posted by Thomson Reuters on 12/22/17 On 12/22/17, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that will entirely change the tax landscape. The legislation reflects the largest major tax reform in over three decades. This post, which refers to the Act by its [...]
(#242) Money vs Currency
Terms Seemingly Used Interchangeably, What is the Difference? As posted to the GoldSilver YouTube Channel on 2/26/2013 https://youtu.be/DyV0OfU3-FU In this, the first installment of the popular "Hidden Secrets of Money" docu-series, Mike Maloney travels to Egypt to unravel the difference between money and currency. Many people have been led to believe they are the same [...]
(#241) Everything Will Come to a Grinding Halt in 2017
Debt Ceiling Holiday Ends 3/15/17 As posted to Greg Hunter's USA Watchdog YouTube Channel on February 25, 2017 Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that [...]
(#240) Exter’s Pyramid of Collapsing Values
In What Order will Asset Values Fail in the Next Financial Crisis? As posted to LesJones.com on September 9, 2009 Reproduced from the article: "Word of the Day: Exter's Inverted Pyramid of Assets" John Exter’s inverted pyramid. The idea is that things high on the pyramid are derivatives of asset classes further down the pyramid. [...]
(#239) Scanning Documents with your Phone
Introducing CamScanner As posted to the CamCard/CamScanner YouTube Channel on October 28, 2016 https://youtu.be/Z_nlGEkW6ic Back in the day, clients provided their personal tax data in a shoe box . . . everything but the kitchen sink in the form of crumpled up receipts, handwritten notes on scrap paper or napkins, and other "support". Now, [...]
(#238) I, Pencil
Lesson: Leave all Creative Energies Uninhibited As released by the Competitive Enterprise Institute (CEI) in November 2012 https://youtu.be/IYO3tOqDISE In November 2012, the Competitive Enterprise Institute (CEI) released I, Pencil: The Movie, an animated short film adapted from the 1958 essay by Leonard E. Read. Do you know how to make a pencil? You don’t, do [...]
Disclaimer
This blog is designed to provide competent and reliable information regarding the subject matter covered. However, it is being provided with the understanding that the blogmaster is not engaged in rendering investment advice. Laws and practices often vary from state to state and if investment assistance is required, the services of a licensed investment professional should be sought. The blogmaster resolutely encourages the reader/viewer to do their own research and due diligence before acting on any information contained herein. As such, Roger Rossmeisl specifically disclaims any liability that is incurred from the use or application of the contents of this blog. It should also be noted that the views contained in this blog are not necessarily representative of the opinions/beliefs of the other owners, management and/or employees of Kho & Patel CPAs.













