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October 24, 2018
Effective for 2018, Congress approved the largest tax reform legislation changes to our tax system in over three decades. Under the new Tax Cuts & Jobs Act (TCJA) legislation, substantial changes have been...
July 16, 2015
The gift tax and estate tax only apply to gifts and estates greater than $5.43 million (or $10.86 million per couple). But even if you’re among the vast majority of Americans whose net worth is well below...
December 13, 2014
Running a small business or working as an independent contractor can be an exciting and fulfilling way to make a living. Self-employed people also face a whole new set of risks and tax considerations that...
January 12, 2014
Deducting expenses for your home office just got a lot simpler with the new standard deduction
The home-office deduction can be one of the most valuable deductions for self-employed taxpayers. But accordi...
November 13, 2013
Business owners might have a big incentive to hurry up and make their large equipment purchases before the end of 2013. Unless current legislation is extended, Section 179 deduction limits will be drastica...
April 20, 2013
UPDATE: The requirement that all companies with at least 50 full-time employees provide health insurance–or face a penalty–was originally scheduled to go into effect on January 1, 2014. But on July 2, 20...
August 19, 2011
Are your workers employees or independent contractors? It pays to know the difference.
Independent contractors often provide a convenient and economical way for small businesses to increase their bandwidt...
July 11, 2011
Most of us understand how important regular checkups are in preventing big problems from developing down the road. We go to the doctor for our annual physical, visit the dentist twice a year for a cleanin...
