What will your marginal income tax rate be?
While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through...
Higher mileage rate may mean larger tax deductions for business miles in 2019
This year, the optional standard mileage rate used to calculate the deductible costs of operating...
How do profits and cash flow differ?
Business owners sometimes mistakenly equate profits with cash flow. Here’s how this can lead to...
2 major tax law changes for individuals in 2019
While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply...
Is there still time to pay 2018 bonuses and deduct them on your 2018 return?
There aren’t too many things businesses can do after a year ends to reduce tax liability for that...
How to Strengthen Internal & External Auditor Partnerships
External audits aren’t required for every business. But whether required or not, they can provide...
Transferring Vehicle Ownership to a Trust? Know the Risks
A revocable trust — often referred to as a “living trust” — can help ensure smooth management of...
Time to celebrate! FASB expands VIE exception for private companies
The Financial Accounting Standards Board (FASB) recently gave private companies long-awaited relief...
Why College-Aged Children Need a Basic Estate Plan
If your son or daughter currently is home from college on winter break, now is a good time to sit...
You may be able to save more for retirement in 2019
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019,...