If you’d like to reduce your 2018 tax liability, consider taking these year-end tax planning steps now.
Read MoreAct Now to Cut Your 2018 Tax Bill
in Tax
Tax
Year-End Tax Planning for Businesses in the New Tax Environment
in Tax
It can be advantageous to allocate additional time to year-end tax planning for your business. Why? This year, you must factor in changes from the Tax Cuts and Jobs Act.
Read MoreThree Bills Form Tax Reform 2.0
in Tax
“Tax Reform 2.0” is the name that’s been attached to the latest round of proposed tax law changes. The House Ways and Means Committee just passed three specific tax bills.
Read MoreIRS Proposes Regulations for Opportunity Zone Tax Incentives
in Tax
Tax incentives exist for those who invest in Opportunity Zones, and the IRS has just issued proposed regulations. Learn more about Opportunity Zones, the available tax breaks, and the rules for investors here.
Read MoreThe Business Meal Expense Deduction Lives on Post-TCJA
in Tax
IRS guidance clears up confusion over whether business meal expenses remain deductible under the Tax Cuts and Jobs Act.
Read MoreHow the New Tax Law Will Affect Business Valuations
William P. Allen, CPA/ABV, CFE
The Tax Cuts and Jobs Act is expected to have far-reaching effects that will vary significantly from company to company. In general, the new law lowers business tax rates. But it also reduces or eliminates various business tax breaks, while expanding others, either permanently or temporarily. Here's a brief summary of the changes and how they affect the process of valuing a private business interest.
Read MoreTrusts Provide Significant Tax Savings
in Tax
Trusts can provide significant tax savings while preserving some control over what happens to the transferred assets. Learn about the different types of trusts and the estate tax benefits they provide.
Read More