Congress passed a law earlier this month with a grab bag of provisions that provide tax relief to businesses and employers, including an extension of more than 30 provisions.
Five Tax Break Highlights to Know for 2020
Month: December 2019
Kiddie Tax: New Hazards, New Opportunities
The “kiddie tax” is far from child’s play. And a change made by the Tax Cuts and Jobs Act (TCJA) puts some adult teeth into the tax.
There’s Still Time to Reduce your 2019 Tax Liability
Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still have time to execute a few strategies.
Taxable vs. Tax-Advantaged: Where to Hold Investments
When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, but it may make more sense to hold other investments in taxable accounts.
2020 Q1 Tax Calendar: Key Deadlines for Businesses and Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020.
Repairing or Improving your Business Property can Provide Tax Deductions
Business owners may think that, if they repair a piece of tangible property, they’ll qualify for an immediate tax deduction. But the IRS may define that “repair” as an “improvement,” …
Some Holiday Parties and Gifts are Tax Deductible
Your business may want to show its gratitude to employees and customers by giving them holiday gifts or hosting parties. It’s a good idea to understand the tax rules associated …