Tax planning to take maximum advantage of the reforms promised in the Tax Cuts and Jobs Act has been difficult because guidance on how to interpret many provisions of the legislation has not yet been issued by the IRS. Congress has yet to follow up with technical corrections to glitches in the legislation. Adding to
Time Is Money And Time For Your Mid Year Financial Check-Up Part 2
Your health is important, so you don’t delay that mid-year trip to the doctor for a check-up. Well your financial health is just as important! And June is the perfect time for you and your family to have a mid-year financial check-up. Not sure how to review your goals and update your financial plan? Here’s
Go Solar This Summer for Tax Savings
Go Solar This Summer for Tax Savings! Most tax breaks for energy efficient home improvements were abolished by tax reform, but going forward homeowners can still take a credit for solar electric and solar water heating improvements. You must act soon, because although the Federal Solar Tax Credit does not expire at the end of
Supreme Court Decides Online Sales Tax Case
SCOTUS Decides Online Sales Tax Case States may now require online sellers to collect sales tax on out-of-state transactions thanks to the recent ruling in South Dakota v. Wayfair handed down by the Supreme Court. The ruling, affectionately known as “Kill Quill,” allows states to require retailers to collect and remit state sales taxes for
Get Educated on the Dos and Donts of a Side Gig
Got A Side Gig? Get Educated on the Dos and Don’ts! Are YOU one of the 30% of today’s adults (of all ages) looking to pick up a little bit of extra cash with a side gig? Thanks to tax reform this may be the best time for taxpayers looking to supplement their income to
Declare Your Financial Independence This July 4th!
Make this Independence Day about more than just fireworks and barbeque, take time this holiday to make a plan for your personal independence and financial freedom. Personal financial freedom means different things to different people. Maybe your goal is to be free from work altogether or semi-retire, break free from debt, sell your business or
Get a Tax Credit for Summer Camp
Relax Mom and Dad – You Still Get a Tax Credit for Summer Camp School is out and that means it’s time for Summer camp for the kids. Although summer camps can be expensive, whether it’s band, theatre, computer, or sports camp, the Child And Dependent Care Credit provides a welcome tax break for many
Don’t Let Vacation Home Dreams Go Down the Drain Due to Tax Reform!
Do you dream of a beach house to escape to for summer vacation, or a second home in Florida in which to pass the bitterly cold winters? Tax reform just made owning a second home more costly, so if you are thinking of buying a vacation home, you may want to think again or consider
HAPPY FATHER’S DAY – TAX BREAKS AND ESTATE PLANNING TIPS IF CARING FOR AN ELDERLY PARENT
HAPPY FATHER’S DAY TAX BREAKS AND ESTATE PLANNING TIPS IF CARING FOR AN ELDERLY PARENT Your Dad is getting older and so are you – welcome to the sandwich generation! It’s not uncommon for adult children with children of their own to be supporting their aging parents and in-laws in the new millennium. If you’re
Are You A Professional Athlete? Tax Reform Will Be Changing Your Game!
Professional athletes will need a new game plan for 2018. Pay special attention to these 10 key issues that are unique to sports professionals. Though tax planning opportunities are still plentiful, many business expenses that are common among professional athletes are no longer deductible, or are limited. Here are some of the issues ahead: 1.
