Year: 2018

In this article, we’ll share some of the highlights of the tax changes for 2018 as they relate to individuals. Use this as a type of checklist, and feel free to contact us on any point so we can provide additional details as to how it might impact your situation.  Tax Bracket Reorganization There will continue to be seven tax brackets, but the rates and thresholds have changed: 10% rate for individuals making up to $9,525 or married filing joint up to $19,050 12% rate for individuals Read more [...]

Whether you call it bacon, Benjamins, or big bucks, cash – and having enough of it – is key to running your business.  Here are five tips related to managing and getting the most out of your business cash. All banks are not the same. Choose your bank wisely, and don’t be afraid to switch if you need to.  Banks know they have a “high switching cost,” which means it’s one big time-consuming hassle for customers to change banks. A couple of things that are important when Read more [...]

Very frequently tax preparers are asked to provide clarification on IRS rules that they heard from a friend, neighbor or colleague. Usually some part of the statement is true; however, there is always more to the story or it may not apply to that person’s specific situation.  If you’ve heard the statement, “You can’t deduct a loss from business if it occurs more than three out of five years,” this is not the entire truth. Guidelines A person that conducts an activity for profit is allowed Read more [...]

If you feel like you spend too much time on email, you’re not alone. Almost everyone feels the same way. That’s why it’s so important to learn how to be as productive as possible when it comes to handling email. Here are five tips to help you do just that. Automate your Emails If you’re sending a lot of the same emails to clients, you may be able to add them to email list management software like Constant Contact or MailChimp. Then you can automate a series of emails using the autoresponder Read more [...]

Not much is harder in life than going through a separation or divorce.  Figuring out how to handle your taxes before, during, and after a divorce can be a difficult challenge.  So, before you make big moves to separate or divorce, know the potential tax consequences, and take steps to protect yourself from further trauma and financial pain. Here are seven tips on some of the most questioned tax topics for people who are divorced or divorcing: When Are You Actually Divorced? The IRS sees Read more [...]