Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax
If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return — even if
Many businesses hired in 2017, and more are planning to hire in 2018. If you’re among them and your hires include members of a “target
If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return.
Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to
Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But that doesn’t necessarily mean your
The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more concerned about the April
If you run your business from your home or perform certain functions at home that are related to your business, you might be able to
When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities
Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of
It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs. If you’re a business owner
If you own a profitable, unincorporated business with your spouse, you probably find the high self-employment tax (SE) bills burdensome. An unincorporated business in which
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And
The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily —
