advising client
Oct 4th 2016
Although 2016 will soon be in the rearview mirror, ample time remains for a tax risk management wellness check. Managing tax risk affords...
tax planning
Oct 12th 2016
Bonus depreciation – the ability to claim boosted first-year depreciation deductions for qualifying assets – has been a staple of year-end...
capital gains and losses
Oct 27th 2016
You don’t have to be a farmer to reap the tax benefits of “harvesting” capital gains and losses. This time-tested technique, which often...
business analysis
Nov 1st 2016
As year end approaches, C corporations, like individuals, should decide when and how to shift income and deductions between 2016 and 2017...
401k and IRA
Nov 3rd 2016
The best year-end move your older clients might make this year is to simply follow the rules for required minimum distributions (RMDs) from...
machine gears
Nov 10th 2016
Do you need to replace outmoded or worn-down equipment used in your small business? Thanks to the Protecting Americans from Tax Hikes (PATH...
Nov 14th 2016
It’s an expensive mistake for writers and other freelancers to think of taxes as a once-a-year affliction caused by the need to grapple...
gifting money
Nov 15th 2016
I woke up this morning and there was a slight chill in the air. Living in central Florida, our version of cold compared with northerners is...
stethoscope and 1040 form
Nov 17th 2016
When it comes to medical and dental expense deductions, many taxpayers simply throw up their hands in despair and give up. It’s no wonder:...
startup costs
Nov 22nd 2016
Do you think you can build a better mousetrap? If you’re convinced you’ve found a viable niche, you might launch a new business venture...
money in stocking
Nov 30th 2016
Here’s hoping your 2016 – and the work you did with your clients this year – was prosperous and successful. Closing the books on your...
installing windows
Dec 2nd 2016
Is your home adequately protected from the winter elements? If you haven’t done so already, consider installing energy-saving improvements...
Dec 9th 2016
Are you getting married around the end of the year? Usually, it doesn’t make sense to change your wedding date at the last minute. But be...
man working from home office
Dec 12th 2016
This is a great time of the year to connect with your self-employed clients and share end-of-year tax tips and commonly overlooked tax...
tax cut
Dec 13th 2016
In his first televised interview, President-elect Donald Trump declared that a “major tax bill lowering taxes in this country” would be one...
charity jar
Dec 14th 2016
Are you looking to reduce your 2016 tax liability in the waning days of the year? There’s still plenty of time to contribute to one or more...
mom and daughter
Dec 16th 2016
Do you provide financial assistance to an older child or elderly relative? If you’re careful about observing the tax rules in this area,...
freelance writer
Dec 19th 2016
Americans who followed the presidential election were incessantly reminded that the tax code allows businesses that incur net operating...
Form 1040
Dec 19th 2016
Typically in my column Tax Court Corner , I explore and decipher US Tax Court cases. But in this article, the first in a three-part series...
driving new car
Dec 20th 2016
Are you in the market for a new car or SUV? Besides intriguing year-end deals being offered by dealers, a unique tax incentive may be too...
tax calculator
Dec 21st 2016
This second article in my three-part series written with year-end strategies in mind focuses on C corporations. I will always remember my...
person at airport
Dec 22nd 2016
If you’re like most small business owners, you’re willing to go a long way to keep your clients happy. Frequently, that means jumping on a...
retirement sign
Dec 23rd 2016
In this final article on year-end tax tips, I am going to explore the different retirement plan options for businesses and individuals,...