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...
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....
Sound far fetched? If you’re smart about your finances, there will only be one question you ever ask Alexa about accounting: “How many accountants does it take to change a light bulb?” The answer will most likely be: “One to change it, and one to make sure it came in under budget!” Both our personal...
Will Tax Reform Affect Your Alimony? You Bet! If you are wondering whether or not your alimony payments are still deductible, the short answer is YES, for now. But under a provision in the Tax Cuts and Jobs Act (TCJA), the deduction is repealed for agreements executed after 2018. Unlike most other TCJA tax changes...
It seems like a simple question: How many full-time workers does your business employ? But, when it comes to the Affordable Care Act (ACA), the answer can be complicated. The number of workers you employ determines whether your organization is an applicable large employer (ALE). Just because your business isn’t an ALE one year doesn’t...
