Blog

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 extended deadline of 10/15/18 (if you file for an extension by 4/17/18). After all, why go through the hassle of filing your return earlier than you have to? But it can be [...]

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 especially important now that the Tax Cuts and Jobs Act has reduced or eliminated some tax breaks for businesses. Two still-available tax credits are especially for small businesses [...]

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 deductions for certain business expenses. Two expense areas where the Tax Cuts and Jobs Act (TCJA) changes the rules — and not to businesses’ benefit — are meals/entertainment and transportation. [...]

The Tax Cuts and Jobs Act (TCJA) generally reduces individual tax rates for 2018 through 2025. It maintains seven individual income tax brackets but reduces the rates for all brackets except 10% and 35%, which remain the same. It also makes some adjustments to the income ranges each bracket covers. For example, the 2017 top [...]

"Monetary History Repeats Over and Over Again Echoing Back to the Beginnings of Civilization" As posted to the GoldSilver YouTube Channel on 8/13/2013 In this, the second installment of the popular "Hidden Secrets of Money" docu-series, Mike Maloney travels to Greece to learn when, where and why currency became money. Also revealed is one of the most predictable long [...]

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” [...]

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 [...]

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 [...]

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 [...]

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 [...]

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,” [...]

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 [...]

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 [...]